Is Tukwila, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tukwila is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Tukwila has remained a Seller's Market.

Key Takeaway

Tukwila is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Tukwila, WA cost?

Median Sold Price

$568,750

$357/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$51,333(+9.9%)

Key Takeaway

Homes in Tukwila have sold for 9.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $206.7K$221.5K
+7.1%
2 $311.2K$380K
+22.1%
3 $557.5K$594.9K
+6.7%
4 $623.5K$713.5K
+14.4%
5+ $715K$875K
+22.4%

Median Sold Price Compared To Nearby Cities

Kent
+17.8%
SeaTac
+13.3%
Renton
+13.2%
Tukwila
+9.9%
Seattle
+6.8%

How many homes are available in Tukwila, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
5567+21.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 45
+25.0%
2 1722
+29.4%
3 1013
+30.0%
4 1013
+30.0%
5+ 1414
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1315+15.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tukwila, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
11 Days24 Days+105.3%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tukwila are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Tukwila, WA

There are 67 homes are for sale in Tukwila, WA real estate market. Between September 2022 and October 2022, Tukwila, WA real estate market has seen increase in the number of listings by 21.8%. While the average time on the market in October 2022 was 24 days, the median list price was $568,750. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 7.1%, 2 bedrooms properties became 22.1% more expensive, the cost of 3 bedrooms properties went up by 6.7%, prices of 4 bedrooms properties went up by 14.4%, prices of 5 bedrooms properties went up by 22.4%. This housing market inventory have changed: 1 bedroom homes became 25% more available, volume of 2 bedrooms homes went up by 29.4%, the quantity of 3 bedrooms homes went up by 30%, the quantity of 4 bedrooms homes went up by 30%, volume of 5 bedrooms homes stayed the same. Over 9 listings were sold over their listed price in October 2022 in Tukwila, WA. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.

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