Is Steilacoom, 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, Steilacoom has remained a Seller's Market.
Housing Prices in Steilacoom, WA
How much do homes in Steilacoom, WA cost?
Median Sold Price
$650,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Steilacoom was $650,000 in May 2024, down 7.1% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $380K | +26.7% |
2 Bedrooms | $381K | $370K | -2.9% |
3 Bedrooms | $595K | $617K | +3.7% |
4 Bedrooms | $800K | $843.7K | +5.5% |
5+ Bedrooms | $881.5K | $806K | -8.6% |
Summary: Steilacoom housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
University Place | $615K | $635K | +3.3% |
Fort Lewis-DuPont | $515.1K | $526.2K | +2.2% |
Lakewood | $490K | $490K | 0.0% |
Steilacoom | $699.5K | $650K | -7.1% |
Housing Supply in Steilacoom, WA
How many homes are available in Steilacoom, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Steilacoom real estate market had 23 homes for sale in May 2024, a 4.5% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Steilacoom 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 16.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Steilacoom in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Steilacoom, WA
How long does it take to sell a home in Steilacoom, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 18 Days | -56.0% |
Summary: Homes in Steilacoom had an average of 18 days on market in May 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Steilacoom; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.