Is Pierce County, 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, Pierce County has remained a Seller's Market.
Housing Prices in Pierce County, WA
How much do homes in Pierce County, WA cost?
Median Sold Price
$530,686
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pierce County was $530,686 in April 2024, up 0.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $339.5K | +6.1% |
2 Bedrooms | $395.4K | $399.9K | +1.2% |
3 Bedrooms | $499.9K | $505.3K | +1.1% |
4 Bedrooms | $619.9K | $612.5K | -1.2% |
5+ Bedrooms | $680.2K | $680.7K | 0.1% |
Summary: Pierce County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Counties
Kitsap County | $519.8K | $544K | +4.7% |
King County | $801.7K | $826.2K | +3.1% |
Thurston County | $497.6K | $500K | 0.5% |
Pierce County | $530.1K | $530.6K | 0.1% |
Lewis County | $400K | $400K | 0.0% |
Housing Supply in Pierce County, WA
How many homes are available in Pierce County, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,797 | 3,158 | +12.9% |
Summary: The Pierce County real estate market had 3,158 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 52 | 54 | +3.8% |
2 Bedrooms | 402 | 449 | +11.7% |
3 Bedrooms | 1,255 | 1,441 | +14.8% |
4 Bedrooms | 814 | 906 | +11.3% |
5+ Bedrooms | 274 | 308 | +12.4% |
Summary: The Pierce County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 12.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
788 | 888 | +12.7% |
Asking Price vs. Sold Price
233 Homes Were Sold
Under Asking
262 Homes Were Sold
At Asking
393 Homes Were Sold
Over Asking
Summary: A total of 888 homes were sold or pending in Pierce County in April 2024, up by 12.7% month-over-month. Of the 888 sold homes, 26% were sold under asking, 30% were sold at asking, and 44% were sold over asking.
Days on Market for Pierce County, WA
How long does it take to sell a home in Pierce County, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 30 Days | -13.7% |
Summary: Homes in Pierce County had an average of 30 days on market in Apr 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
679 Homes Were Sold
Under 30 Days
111 Homes Were Sold
In 30 - 90 Days
98 Homes Were Sold
Over 90 Days
Summary: During April 2024, 888 homes were sold in Pierce County; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.