$2,625,000
1.51 Acres
Land
Edward Krigsman, Listing Office: Windermere Real Estate Co.
Is Normandy Park, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Normandy Park has remained a Seller's Market.
Key Takeaway
Normandy Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Normandy Park, WA
How much do homes in Normandy Park, WA cost?
Median Sold Price
$992,500
$399/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$92,500(+10.3%)
Key Takeaway
Homes in Normandy Park have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Normandy Park was $992,500 in October 2024, up 10.3% from last year, and the median price per square foot was $399.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $571.2K | $690K | +20.8% |
| 3 Bedrooms | $747K | $813.5K | +8.9% |
| 4 Bedrooms | $1.1M | $1.1M | -3.3% |
| 5+ Bedrooms | $1.5M | $1.2M | -17.4% |
Summary: Normandy Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Normandy Park | $900K | $992.5K | +10.3% |
| Des Moines | $562.4K | $600K | +6.7% |
| Burien | $654.7K | $640K | -2.2% |
Housing Supply in Normandy Park, WA
How many homes are available in Normandy Park, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Summary: The Normandy Park real estate market had 38 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Normandy Park 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 decreased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Normandy Park, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Normandy Park in October 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Normandy Park, WA
How long does it take to sell a home in Normandy Park, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 44 Days | +39.4% |
Summary: Homes in Normandy Park had an average of 44 days on market in Oct 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Normandy Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Normandy Park; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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.