$10,000 Closing Credit*
$1,055,000
2,350 SqFt
3 Beds
•2 Full Baths, 1 Partial
Siobhan Bottem, Listing Office: John L. Scott, Inc.
Is Maple Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Maple Valley has remained a Seller's Market.
Key Takeaway
Maple Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Valley, WA
How much do homes in Maple Valley, WA cost?
Median Sold Price
$790,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+6.7%)
Key Takeaway
Homes in Maple Valley have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Maple Valley was $790,000 in November 2024, up 6.7% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $537.5K | $553K | +2.9% |
| 2 Bedrooms | $489.8K | $490K | 0.0% |
| 3 Bedrooms | $665K | $720K | +8.3% |
| 4 Bedrooms | $816.2K | $895K | +9.6% |
| 5+ Bedrooms | $850K | $1.1M | +34.3% |
Summary: Maple Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
| Covington | $630K | $696.4K | +10.5% |
| Tahoma-Maple Valley | $686.1K | $749K | +9.2% |
| Maple Valley | $740.5K | $790K | +6.7% |
| Kent | $620K | $651K | +5.0% |
| Enumclaw Plateau | $708.4K | $699.9K | -1.2% |
Housing Supply in Maple Valley, WA
How many homes are available in Maple Valley, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 95 | -20.8% |
Summary: The Maple Valley real estate market had 95 homes for sale in November 2024, a 20.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 46 | 33 | -28.3% |
| 4 Bedrooms | 44 | 37 | -15.9% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Maple Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 28.3%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Valley, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Maple Valley in November 2024, down by 2.9% month-over-month. Of the 33 sold homes, 42% were sold under asking, 33% were sold at asking, and 24% were sold over asking.
Days on Market for Maple Valley, WA
How long does it take to sell a home in Maple Valley, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 37 Days | +41.5% |
Summary: Homes in Maple Valley had an average of 37 days on market in Nov 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in Maple Valley; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% 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.