Is Auburn, 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, Auburn has remained a Seller's Market.
Key Takeaway
Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn, WA
How much do homes in Auburn, WA cost?
Median Sold Price
$587,479
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Auburn have sold for 1% less than they did a year ago.
Summary: The median home sold price in Auburn was $587,479 in May 2024, down 1% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.9K | $272.5K | +29.8% |
| 2 Bedrooms | $369.9K | $390K | +5.4% |
| 3 Bedrooms | $535.7K | $555K | +3.6% |
| 4 Bedrooms | $682K | $676.6K | -0.8% |
| 5+ Bedrooms | $785K | $779K | -0.8% |
Summary: Auburn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Kent | $599.9K | $644.6K | +7.4% |
| Federal Way-Auburn | $544.7K | $556.2K | +2.1% |
| Pacific | $515K | $525K | +1.9% |
| Algona | $455.4K | $459K | +0.8% |
| Auburn | $593.6K | $587.4K | -1.0% |
Housing Supply in Auburn, WA
How many homes are available in Auburn, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 309 | 371 | +20.1% |
Summary: The Auburn real estate market had 371 homes for sale in May 2024, a 20.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 52 | 54 | +3.8% |
| 3 Bedrooms | 127 | 145 | +14.2% |
| 4 Bedrooms | 91 | 127 | +39.6% |
| 5+ Bedrooms | 35 | 43 | +22.9% |
Summary: The Auburn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 94 | -1.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn, you could pay more than the asking price. 48.9% of homes here sold above asking price last month.
Summary: A total of 94 homes were sold or pending in Auburn in May 2024, down by 1.1% month-over-month. Of the 94 sold homes, 22% were sold under asking, 29% were sold at asking, and 49% were sold over asking.
Days on Market for Auburn, WA
How long does it take to sell a home in Auburn, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 24 Days | -19.5% |
Summary: Homes in Auburn had an average of 24 days on market in May 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Auburn are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 94 homes were sold in Auburn; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% 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.