Is Tukwila, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tukwila has remained a Seller's Market.
Housing Prices in Tukwila, WA
How much do homes in Tukwila, WA cost?
Median Sold Price
$510,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tukwila was $510,000 in March 2024, down 12.1% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $209.7K | $324.7K | +54.8% |
2 Bedrooms | $368.5K | $353K | -4.2% |
3 Bedrooms | $607.5K | $589.9K | -2.9% |
4 Bedrooms | $722.5K | $611K | -15.4% |
5+ Bedrooms | $875K | $807.5K | -7.7% |
Summary: Tukwila housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.8%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in Tukwila, WA
How many homes are available in Tukwila, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 33 | +10.0% |
Summary: The Tukwila real estate market had 33 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Tukwila housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 7 | -46.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Tukwila in March 2024, down by 46.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Tukwila, WA
How long does it take to sell a home in Tukwila, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 16 Days | -57.7% |
Summary: Homes in Tukwila had an average of 16 days on market in Mar 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Tukwila; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.