Is Auburn, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Auburn has remained a Seller's Market.
Key Takeaway
Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn, WA
How much do homes in Auburn, WA cost?
Median Sold Price
$585,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Auburn have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Auburn was $585,000 in April 2024, down 0.9% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $252.5K | +20.3% |
| 2 Bedrooms | $375K | $385K | +2.7% |
| 3 Bedrooms | $544K | $552.3K | +1.5% |
| 4 Bedrooms | $686.6K | $680K | -1.0% |
| 5+ Bedrooms | $787.4K | $765K | -2.9% |
Summary: Auburn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Kent | $600K | $640K | +6.7% |
| Federal Way-Auburn | $544.6K | $558.5K | +2.6% |
| Pacific | $525K | $531.5K | +1.2% |
| Algona | $452.9K | $450K | -0.7% |
| Auburn | $590.2K | $585K | -0.9% |
Housing Supply in Auburn, WA
How many homes are available in Auburn, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 238 | 303 | +27.3% |
Summary: The Auburn real estate market had 303 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 43 | 48 | +11.6% |
| 3 Bedrooms | 93 | 129 | +38.7% |
| 4 Bedrooms | 75 | 89 | +18.7% |
| 5+ Bedrooms | 23 | 34 | +47.8% |
Summary: The Auburn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 38.7%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 47.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 92 | +15.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 92 homes were sold or pending in Auburn in April 2024, up by 15.0% month-over-month. Of the 92 sold homes, 21% were sold under asking, 28% were sold at asking, and 51% were sold over asking.
Days on Market for Auburn, WA
How long does it take to sell a home in Auburn, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 28 Days | -18.8% |
Summary: Homes in Auburn had an average of 28 days on market in Apr 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Auburn are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 92 homes were sold in Auburn; 77% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 11% 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.