Is Burien, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Burien has remained a Seller's Market.
Housing Prices in Burien, WA
How much do homes in Burien, WA cost?
Median Sold Price
$644,100
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Burien was $644,100 in May 2024, down 3.1% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $267.5K | -18.9% |
2 Bedrooms | $499.9K | $459.9K | -8.0% |
3 Bedrooms | $649.5K | $635K | -2.2% |
4 Bedrooms | $772.2K | $790K | +2.3% |
5+ Bedrooms | $990K | $970K | -2.0% |
Summary: Burien housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Normandy Park | $851K | $1.0M | +26.3% |
SeaTac | $548K | $535K | -2.4% |
Burien | $665K | $644.1K | -3.1% |
Housing Supply in Burien, WA
How many homes are available in Burien, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 121 | +11.0% |
Summary: The Burien real estate market had 121 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 27 | 32 | +18.5% |
3 Bedrooms | 43 | 47 | +9.3% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Burien housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 27 | -27.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Burien in May 2024, down by 27.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 7% were sold at asking, and 63% were sold over asking.
Days on Market for Burien, WA
How long does it take to sell a home in Burien, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 29 Days | +33.9% |
Summary: Homes in Burien had an average of 29 days on market in May 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Burien; 81% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.