pierce county TOWNHOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 17% VS 2023
▲ 18% VS 2023
▲ 112% VS 2023
▲ 37% VS 2023
There were 142 townhome listings in Pierce County in August, 2% above July and 112% higher than August 2023. August townhome sales decreased by 4% month-over-month, to 52, and were 37% above August 2023. The months of inventory for townhomes in Pierce County, at 2.7, re(ected a sellers' market. The townhome median price in August was $465,000, a 8% increase from July and 18% above August 2023. The average sold price was $488,730, 8% above last month; the average PSF sale price was $302, down 1.6% 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
$302 $488,730 $465,000 2.7 52 142
38 67
1.9% 17% 18% 55% 37% 112%
$307 $451,410 $430,000 2.6 54 139
-1.6% 8% 8% 6% -4% 2%
$297 $419,218 $395,000 1.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
82
142
123
139
106
105
83
82
81
86
80 46
77
67
74
55
54
49
45
52
35
45
44
38
24
41
27
24
23
$465K
$455K
$435K
$432K
$430K
$426K
$420K
$415K
$405K
$395K
$395K
$372K
$374K
Aug-23
Jul-24
Aug-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.
120
6.0
4
4+ bdrms
14
100
80
35
3 bdrms
64
60
2.5
2.0
40
13
2 bdrms
59
20
0
<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 48 121 2.5 2 12 6.0 0 7 n/a 1 2 2.0 1 0 n/a
5
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 September 9, 2024. 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. 57 ●
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