Is Pacific, 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, Pacific has remained a Seller's Market.
Housing Prices in Pacific, WA
How much do homes in Pacific, WA cost?
Median Sold Price
$531,500
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pacific was $531,500 in April 2024, up 1.2% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $382.5K | $500K | +30.7% |
3 Bedrooms | $498.9K | $499.9K | 0.2% |
4 Bedrooms | $631.5K | $600K | -5.0% |
5+ Bedrooms | $651.5K | $700K | +7.4% |
Summary: Pacific housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
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% |
Sumner | $547.5K | $525K | -4.1% |
Housing Supply in Pacific, WA
How many homes are available in Pacific, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The Pacific real estate market had 13 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Pacific 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Pacific in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Pacific, WA
How long does it take to sell a home in Pacific, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 24 Days | +313.9% |
Summary: Homes in Pacific had an average of 24 days on market in Apr 2024, up by 313.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Pacific; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.