Is Tukwila, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Tukwila, WA
How much do homes in Tukwila, WA cost?
Median Sold Price
$515,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Tukwila have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Tukwila was $515,000 in June 2024, down 4.6% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.7K | $272.2K | +18.5% |
| 2 Bedrooms | $350.7K | $351.5K | 0.2% |
| 3 Bedrooms | $580K | $595K | +2.6% |
| 4 Bedrooms | $682.5K | $612K | -10.3% |
| 5+ Bedrooms | $802.5K | $795K | -0.9% |
Summary: Tukwila housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in Tukwila, WA
How many homes are available in Tukwila, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 55 | 64 | +16.4% |
Summary: The Tukwila real estate market had 64 homes for sale in June 2024, a 16.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Tukwila housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tukwila, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Tukwila in June 2024, up by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 19 Days | 12 Days | -34.0% |
Summary: Homes in Tukwila had an average of 12 days on market in Jun 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tukwila are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 12 homes were sold in Tukwila; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.