$6,828 Closing Credit*
$575,000
1,310 SqFt
3 Beds
•2 Full Baths
Tyler Freed, Listing Office: Windermere Real Estate/PSK Inc
Is Tahoma-Maple Valley, 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, Tahoma-Maple Valley has remained a Seller's Market.
Key Takeaway
Tahoma-Maple Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tahoma-Maple Valley, WA
How much do homes in Tahoma-Maple Valley, WA cost?
Median Sold Price
$743,921
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,563(+8.9%)
Key Takeaway
Homes in Tahoma-Maple Valley have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Tahoma-Maple Valley was $743,921 in October 2024, up 8.9% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $300K | -36.2% |
| 2 Bedrooms | $447K | $485K | +8.5% |
| 3 Bedrooms | $619K | $674.9K | +9.0% |
| 4 Bedrooms | $775K | $815.6K | +5.2% |
| 5+ Bedrooms | $825K | $889.9K | +7.9% |
Summary: Tahoma-Maple Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.2%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Issaquah Plateau | $1.2M | $1.4M | +11.7% |
| Tahoma-Maple Valley | $683.3K | $743.9K | +8.9% |
| Covington | $630K | $684.5K | +8.7% |
| Maple Valley | $740.6K | $790K | +6.7% |
| Black Diamond | $799.9K | $847.7K | +6.0% |
Housing Supply in Tahoma-Maple Valley, WA
How many homes are available in Tahoma-Maple Valley, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 291 | 307 | +5.5% |
Summary: The Tahoma-Maple Valley real estate market had 307 homes for sale in October 2024, a 5.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 27 | +35.0% |
| 3 Bedrooms | 118 | 121 | +2.5% |
| 4 Bedrooms | 101 | 110 | +8.9% |
| 5+ Bedrooms | 50 | 47 | -6.0% |
Summary: The Tahoma-Maple Valley 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 35%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 89 | +18.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tahoma-Maple Valley, expect to pay close to the asking price. 37.1% of homes here sold near the asking price last month.
Summary: A total of 89 homes were sold or pending in Tahoma-Maple Valley in October 2024, up by 18.7% month-over-month. Of the 89 sold homes, 36% were sold under asking, 37% were sold at asking, and 27% were sold over asking.
Days on Market for Tahoma-Maple Valley, WA
How long does it take to sell a home in Tahoma-Maple Valley, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 41 Days | +63.6% |
Summary: Homes in Tahoma-Maple Valley had an average of 41 days on market in Oct 2024, up by 63.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tahoma-Maple Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 89 homes were sold in Tahoma-Maple Valley; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 15% 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.