Is Steilacoom, 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, Steilacoom has remained a Seller's Market.
Housing Prices in Steilacoom, WA
How much do homes in Steilacoom, WA cost?
Median Sold Price
$658,500
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Steilacoom was $658,500 in April 2024, down 4.8% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $380K | +35.7% |
2 Bedrooms | $356.5K | $349K | -2.1% |
3 Bedrooms | $548K | $633.5K | +15.6% |
4 Bedrooms | $800K | $831.2K | +3.9% |
5+ Bedrooms | $940.7K | $798K | -15.2% |
Summary: Steilacoom housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
University Place | $627.5K | $639.7K | +1.9% |
Lakewood | $489.8K | $494.2K | +0.9% |
Fort Lewis-DuPont | $533K | $522.4K | -2.0% |
Steilacoom | $692K | $658.5K | -4.8% |
Housing Supply in Steilacoom, WA
How many homes are available in Steilacoom, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Summary: The Steilacoom real estate market had 23 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Steilacoom housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Steilacoom in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Steilacoom, WA
How long does it take to sell a home in Steilacoom, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 33 Days | -27.7% |
Summary: Homes in Steilacoom had an average of 33 days on market in Apr 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Steilacoom; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.