$6,471 Closing Credit*
$544,900
1,370 SqFt
3 Beds
•1 Full Bath
Kathryn L. Kirkpatrick, Listing Office: North Star Realty
Is Pacific, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pacific was a Seller's Market.
Key Takeaway
Pacific is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pacific, WA
How much do homes in Pacific, WA cost?
Median Sold Price
$525,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,500(-5.0%)
Key Takeaway
Homes in Pacific have sold for 5% less than they did a year ago.
Summary: The median home sold price in Pacific was $525,000 in November 2024, down 5% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $285K | N/A |
| 2 Bedrooms | $525K | $472.5K | -10.0% |
| 3 Bedrooms | $499.9K | $520K | +4.0% |
| 4 Bedrooms | $600K | $612.5K | +2.1% |
| 5+ Bedrooms | $651.4K | $700K | +7.4% |
Summary: Pacific housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Algona | $455K | $500K | +9.9% |
| Federal Way-Auburn | $549.9K | $579.1K | +5.3% |
| Auburn | $592.7K | $598.9K | +1.1% |
| Sumner | $545K | $531.5K | -2.5% |
| Pacific | $552.5K | $525K | -5.0% |
Housing Supply in Pacific, WA
How many homes are available in Pacific, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Summary: The Pacific real estate market had 12 homes for sale in November 2024, a 36.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pacific housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pacific, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pacific in November 2024, down by 80.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Pacific, WA
How long does it take to sell a home in Pacific, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 113 Days | +156.8% |
Summary: Homes in Pacific had an average of 113 days on market in Nov 2024, up by 156.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pacific are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Pacific; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.