Is Greater Duwamish, 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, Greater Duwamish has remained a Seller's Market.
Key Takeaway
Greater Duwamish is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greater Duwamish, WA
How much do homes in Greater Duwamish, WA cost?
Median Sold Price
$665,827
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greater Duwamish have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Greater Duwamish was $665,827 in May 2024, down 0.5% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410.6K | $459K | +11.8% |
| 2 Bedrooms | $624.9K | $610K | -2.4% |
| 3 Bedrooms | $722.5K | $700K | -3.1% |
| 4 Bedrooms | $832.6K | $762K | -8.5% |
| 5+ Bedrooms | $875K | $860K | -1.7% |
Summary: Greater Duwamish housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Greater Duwamish | $669.5K | $665.8K | -0.5% |
| Georgetown | $676.5K | $650K | -3.9% |
Housing Supply in Greater Duwamish, WA
How many homes are available in Greater Duwamish, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 120 | 142 | +18.3% |
Summary: The Greater Duwamish real estate market had 142 homes for sale in May 2024, a 18.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 41 | 52 | +26.8% |
| 3 Bedrooms | 42 | 52 | +23.8% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 19 | 14 | -26.3% |
Summary: The Greater Duwamish housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 26.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 39 | +56.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greater Duwamish, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Greater Duwamish in May 2024, up by 56.0% month-over-month. Of the 39 sold homes, 51% were sold under asking, 23% were sold at asking, and 26% were sold over asking.
Days on Market for Greater Duwamish, WA
How long does it take to sell a home in Greater Duwamish, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 53 Days | +42.9% |
Summary: Homes in Greater Duwamish had an average of 53 days on market in May 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greater Duwamish are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 39 homes were sold in Greater Duwamish; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.