pierce county CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 3.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 11% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.3% VS 2023
▼ 16% VS 2023
▼ 7% VS 2023
▼ 4% VS 2023
There were 78 condo listings in Pierce County in December, 28% below November and 1.3% higher than December 2023. December condo sales increased by 35% month-over-month, to 23, and were 4% below December 2023. The months of inventory for condos in Pierce County, at 3.4, re&ected a sellers' market. The condo median price in December was $380,000, a 12% decrease from November and 7% below December 2023. The average sold price was $398,559, 23% below last month; the average PSF sale price was $345, down 18% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23 78
24 77
-11% -16% -7% 6% -4% 1.3%
$422 $514,729 $430,000 6.4 17 109
-18% -23% -12% -47% 35% -28%
$345 $398,559 $380,000 3.4
$385 $473,193 $410,000 3.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
107
103
109
81
87
96
96
76
77
69
78
63
63
76
72
60 37
45
38
38
37
31
34
24
23
29
24
22
17
$472K
$444K
$439K
$430K
$425K
$425K
$412K
$410K
$400K
$385K
$380K
$375K
$349K
Dec-23
Nov-24
Dec-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
60
3.7
4+ bdrms
3.0
50
40
6
3 bdrms
12
30
20
12
2 bdrms
54
10
0
5
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 0 1 n/a 0 2 n/a 0 1 n/a 0 2 n/a 0 1 n/a 20 60 3.0 3 11 3.7
12
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. 58 ●
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