Is Burien City Center, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burien City Center is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Burien City Center has remained a Seller's Market.

Key Takeaway

Burien City Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Burien City Center, WA

How much do homes in Burien City Center, WA cost?

Median Sold Price

$663,000

$436/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$17,000(-2.5%)

Key Takeaway

Homes in Burien City Center have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Burien City Center was $663,000 in October 2024, down 2.5% from last year, and the median price per square foot was $436.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350K$299K
-14.6%
2 $599.7K$473K
-21.1%
3 $692.4K$843K
+21.7%
4 $755K$727.5K
-3.6%
5+ $900.7K$1.5M
+67.5%

Summary: Burien City Center housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 67.5%.

Median Sold Price Compared To Nearby Neighborhoods

Burien City Center
-2.5%
Five Corners
-7.4%
Seahurst
-9.1%

Housing Supply in Burien City Center, WA

How many homes are available in Burien City Center, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2122+4.8%

Summary: The Burien City Center real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 89
+12.5%
3 67
+16.7%
4 54
-20.0%
5+ 00
0.0%

Summary: The Burien City Center housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burien City Center, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Burien City Center in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Burien City Center, WA

How long does it take to sell a home in Burien City Center, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days62 Days+128.1%

Summary: Homes in Burien City Center had an average of 62 days on market in Oct 2024, up by 128.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Burien City Center are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Burien City Center; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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