$3,859 Closing Credit*
$325,000
2,040 SqFt
3 Beds
•1 Full Bath
Patrick W. Mercado, Listing Office: PropertiesNW of Gig Harbor Ltd
Is Greater Duwamish, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Greater Duwamish was a Seller's Market.
Key Takeaway
Greater Duwamish is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Greater Duwamish, WA
How much do homes in Greater Duwamish, WA cost?
Median Sold Price
$670,016
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,018(+3.1%)
Key Takeaway
Homes in Greater Duwamish have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Greater Duwamish was $670,016 in October 2024, up 3.1% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $412.5K | +3.1% |
| 2 Bedrooms | $595K | $629.9K | +5.9% |
| 3 Bedrooms | $672.5K | $699K | +3.9% |
| 4 Bedrooms | $768.8K | $785K | +2.1% |
| 5+ Bedrooms | $774.9K | $905K | +16.8% |
Summary: Greater Duwamish housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Georgetown | $626.9K | $664.9K | +6.1% |
| Greater Duwamish | $649.9K | $670K | +3.1% |
Housing Supply in Greater Duwamish, WA
How many homes are available in Greater Duwamish, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 173 | 191 | +10.4% |
Summary: The Greater Duwamish real estate market had 191 homes for sale in October 2024, a 10.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 59 | 66 | +11.9% |
| 3 Bedrooms | 66 | 72 | +9.1% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Greater Duwamish housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greater Duwamish, expect to pay close to the asking price. 48.1% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Greater Duwamish in October 2024, down by 18.2% month-over-month. Of the 27 sold homes, 44% were sold under asking, 48% were sold at asking, and 7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 51 Days | +31.1% |
Summary: Homes in Greater Duwamish had an average of 51 days on market in Oct 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 27 homes were sold in Greater Duwamish; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% 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.