Washington housing market improving for home sellers

Market Update - April 2023

Spring is here and the real estate market in Washington State is starting to warm up!!

Over this past month we saw an increase in both the amount of homes going under contract and the amount of homes sold. With knowing that the amount of available homes remain around the same, this shows that home buyer demand has gone up in Pierce County, Washington.

Key Takeaways

⚡️ Number of homes going under contract increased from 899 to 1,071. While the number of homes sold increased from 722 to 965.

⚡️ Number of homes available remained about the same from 944 to 934 homes.

⚡️ The average price per sqft increased from $279 to $284.

⚡️ The average days a home is on the market before it is either sold or taken off dropped from 55 days to 47 days.

Homes For Sale VS Under Contract VS Sold

Average Price Per SQFT

Average Days On Market

Sold Price/Original List Price

Months Of Inventory

Looking to get a market report in a specific city in Pierce County? We do market reports for Puyallup, Bonney Lake, Lake Tapps, Sumner, and Tacoma.