pierce county SINGLE-FAMILY HOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 1.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 30% VS 2023
▼ 1.8% VS 2023
▼ 9% VS 2023
There were 961 single-family home listings in Pierce County in December, 22% below November and 9% lower than December 2023. December single-family home sales decreased by 6% month-over-month, to 653, and were 30% above December 2023. The months of inventory for single-family home in Pierce County, at 1.5, re&ected a sellers' market. The single-family home median price in December was $569,000, a 1.6% decrease from November and 5% above December 2023. The average sold price was $609,913, 9% below last month and down 1.8% to December 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
653 961
$621,287 $542,000 2.1 503 1,057
-1.8% 5% -30% 30% -9%
$668,490 $578,000 1.8 697 1,234
-9% -1.6% -17% -6% -22%
$609,913 $569,000 1.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,745
62
1,598
60
1,475
1,678
57
1,265
1,472
1,234
1,000
964
1,057
950
929
872
858
839
963
961
892
620
817
790
653
697
669
503
516
$589K
$590K
$590K
$580K
$575K
$575K
$575K
$578K
$569K
$560K
$555K
$542K
$543K
Dec-23
Nov-24
Dec-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
800
12.3
600
400
2.5
200
2.2
1.3
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
621 815 1.3
19 47 2.5
4 49 12.3
9 20 2.2
0 10 n/a
0 12 n/a
0 5 n/a
0 1 n/a
0 2 n/a
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 13, 2025. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 56 ●
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