Is Puyallup, 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, Puyallup has remained a Seller's Market.
Key Takeaway
Puyallup is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Puyallup, WA
How much do homes in Puyallup, WA cost?
Median Sold Price
$550,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Puyallup has remained the same since last year.
Summary: The median home sold price in Puyallup was $550,000 in April 2024, down 0.4% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $285K | -10.9% |
| 2 Bedrooms | $389K | $395K | +1.5% |
| 3 Bedrooms | $502.7K | $516.8K | +2.8% |
| 4 Bedrooms | $625K | $596.6K | -4.5% |
| 5+ Bedrooms | $652.4K | $652.4K | 0.0% |
Summary: Puyallup housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Edgewood | $654.7K | $720K | +10.0% |
| Puyallup | $552.2K | $550K | -0.4% |
| Fife | $535K | $494.9K | -7.5% |
Housing Supply in Puyallup, WA
How many homes are available in Puyallup, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 400 | 453 | +13.3% |
Summary: The Puyallup real estate market had 453 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 41 | 42 | +2.4% |
| 3 Bedrooms | 161 | 178 | +10.6% |
| 4 Bedrooms | 139 | 168 | +20.9% |
| 5+ Bedrooms | 56 | 61 | +8.9% |
Summary: The Puyallup housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 8.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 116 | 125 | +7.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Puyallup, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.
Summary: A total of 125 homes were sold or pending in Puyallup in April 2024, up by 7.8% month-over-month. Of the 125 sold homes, 22% were sold under asking, 26% were sold at asking, and 51% were sold over asking.
Days on Market for Puyallup, WA
How long does it take to sell a home in Puyallup, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 23 Days | -34.2% |
Summary: Homes in Puyallup had an average of 23 days on market in Apr 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Puyallup are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 125 homes were sold in Puyallup; 82% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% 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.