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.
Key Takeaway
Burien is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Burien have sold for 3.1% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Burien, you could pay more than the asking price. 63% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Burien are selling fast, if you're buying plan to act quickly.
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.
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. 
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2024 Spokane Association of REALTORS® MLS. All rights reserved.