Is Tahoma-Maple Valley, 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, Tahoma-Maple Valley has remained a Seller's Market.
Key Takeaway
Tahoma-Maple Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tahoma-Maple Valley, WA
How much do homes in Tahoma-Maple Valley, WA cost?
Median Sold Price
$713,472
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Tahoma-Maple Valley has remained the same since last year.
Summary: The median home sold price in Tahoma-Maple Valley was $713,472 in April 2024, down 0.2% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404.9K | $596.5K | +47.3% |
| 2 Bedrooms | $437.4K | $460K | +5.1% |
| 3 Bedrooms | $626.5K | $645K | +3.0% |
| 4 Bedrooms | $799.9K | $799.3K | -0.1% |
| 5+ Bedrooms | $891.7K | $852.5K | -4.4% |
Summary: Tahoma-Maple Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.3%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Issaquah Plateau | $1.2M | $1.3M | +8.8% |
| Black Diamond | $800K | $848.8K | +6.1% |
| Tahoma-Maple Valley | $715K | $713.4K | -0.2% |
| Maple Valley | $770K | $750K | -2.6% |
| Covington | $665K | $645K | -3.0% |
Housing Supply in Tahoma-Maple Valley, WA
How many homes are available in Tahoma-Maple Valley, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 224 | 251 | +12.1% |
Summary: The Tahoma-Maple Valley real estate market had 251 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 91 | 103 | +13.2% |
| 4 Bedrooms | 85 | 99 | +16.5% |
| 5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The Tahoma-Maple Valley 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 decreased by 25%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 102 | +52.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tahoma-Maple Valley, you could pay more than the asking price. 43.1% of homes here sold above asking price last month.
Summary: A total of 102 homes were sold or pending in Tahoma-Maple Valley in April 2024, up by 52.2% month-over-month. Of the 102 sold homes, 22% were sold under asking, 35% were sold at asking, and 43% were sold over asking.
Days on Market for Tahoma-Maple Valley, WA
How long does it take to sell a home in Tahoma-Maple Valley, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 17 Days | -49.0% |
Summary: Homes in Tahoma-Maple Valley had an average of 17 days on market in Apr 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tahoma-Maple Valley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 102 homes were sold in Tahoma-Maple Valley; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% 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.