Is Normandy Park, 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, Normandy Park has remained a Seller's Market.
Housing Prices in Normandy Park, WA
How much do homes in Normandy Park, WA cost?
Median Sold Price
$1,075,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Normandy Park was $1,075,000 in May 2024, up 26.3% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | - | N/A |
2 Bedrooms | $576.2K | $690K | +19.7% |
3 Bedrooms | $747K | $892K | +19.4% |
4 Bedrooms | $1.1M | $1.1M | +6.7% |
5+ Bedrooms | $1.2M | $1.2M | +2.0% |
Summary: Normandy Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Normandy Park | $851K | $1.0M | +26.3% |
Des Moines | $560.9K | $575K | +2.5% |
Burien | $665K | $644.1K | -3.1% |
Housing Supply in Normandy Park, WA
How many homes are available in Normandy Park, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 30 | +25.0% |
Summary: The Normandy Park real estate market had 30 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Normandy Park 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Normandy Park in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% were sold over asking.
Days on Market for Normandy Park, WA
How long does it take to sell a home in Normandy Park, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 5 Days | -77.4% |
Summary: Homes in Normandy Park had an average of 5 days on market in May 2024, down by 77.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Normandy Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.