Is Tukwila, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Tukwila was a Seller's Market.
Housing Prices in Tukwila, WA
How much do homes in Tukwila, WA cost?
Median Sold Price
$512,500
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tukwila was $512,500 in May 2024, down 8.3% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214.9K | $250K | +16.3% |
2 Bedrooms | $351K | $350K | -0.3% |
3 Bedrooms | $600K | $589.9K | -1.7% |
4 Bedrooms | $710K | $642.5K | -9.5% |
5+ Bedrooms | $817.5K | $855K | +4.6% |
Summary: Tukwila housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Tukwila, WA
How many homes are available in Tukwila, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 54 | +17.4% |
Summary: The Tukwila real estate market had 54 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 14 | 20 | +42.9% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Tukwila housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Tukwila in May 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Tukwila, WA
How long does it take to sell a home in Tukwila, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 19 Days | +57.7% |
Summary: Homes in Tukwila had an average of 19 days on market in May 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Tukwila; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.