pierce county SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 5% VS 2023
▲ 27% VS 2023
▼ 5% VS 2023
There were 1,235 single-family home listings in Pierce County in November, 16% below October and 5% lower than November 2023. November single-family home sales decreased by 19% month-over-month, to 697, and were 27% above November 2023. The months of inventory for single-family home in Pierce County, at 1.8, reflected a sellers' market. The single-family home median price in November was $578,000, a 2% decrease from October and 5% above November 2023. The average sold price was $668,490, 0.8% above last month and up 6% to November 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
$668,490 $578,000 1.8 697 1,235
$632,858 $552,000 2.4 550 1,305
6% 5% -25% 27% -5%
$663,288 $589,975 1.7 858 1,477
0.8% -2% 3% -19% -16%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,745
60
1,599
1,477
1,678
55
55
1,305
1,265
1,472
1,235
1,000
964
950
929
872
858
1,057
839
963
892
620
817
697
790
669
550
516
503
$589K
$590K
$590K
$580K
$575K
$575K
$575K
$578K
$560K
$552K
$555K
$542K
$543K
Nov-23
Oct-24
Nov-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
8.0
1000
800
600
4.0
3.5
400
2.4
2.1
1.7
1.7
200
0
<$1M 631 1,042 1.7
$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
24 57 2.4
18 63 3.5
14 30 2.1
7 12 1.7
2 16 8.0
0 8 n/a
1 4 4.0
0 1 n/a
0 2 n/a
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 December 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. 56 ●
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