pierce county TOWNHOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 2.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 57% VS 2023
▲ 93% VS 2023
▼ 12% VS 2023
▼ 3% VS 2023
There were 127 townhome listings in Pierce County in September, 10% below August and 57% higher than September 2023. September townhome sales remained the same month-over-month, at 52, and were 93% above September 2023. The months of inventory for townhomes in Pierce County, at 2.4, re)ected a sellers' market. The townhome median price in September was $408,500, a 12% decrease from August and 3% below September 2023. The average sold price was $423,724, 13% below last month; the average PSF sale price was $295, down 2% 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
$295 $423,724 $408,500 2.4 52 127
27 81
-4% -12% -3% -19% 93% 57%
$302 $488,730 $465,000 2.7 52 141
-2% -13% -12% -10% 0% -10%
$306 $480,848 $420,000 3.0
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
82
141
122
137
127
105
104
83
82
61
81
86
46 80
77
74
55
54
49
45
52
35
52
44
24
41
27
24
23
$465K
$455K
$435K
$432K
$430K
$426K
$420K
$415K
$405K
$409K
$395K
$372K
$374K
Sep-23
Aug-24
Sep-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.
12.0
4
100
4+ bdrms
11
80
19
3 bdrms
60
58
4.0
40
25
2 bdrms
2.2
2.0
52
20
0
4
<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 49 109 2.2 1 12 12.0 1 4 4.0 1 2 2.0
6
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 October 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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