Pierce County Market Overview
April 2024 shows significant growth in the Pierce County real estate market. Ruthy Taylor – Mosaic Real Estate Agent, a top Tacoma real estate agent for move-up buyers, provides expert insights into this vibrant market.
Key Market Statistics
Active Listings:
- April 2024: 9,813
- April 2023: 8,114
- Change: +20.9%
New Listings:
- April 2024: 1,383 (Residential + Condo)
- April 2023: 1,019
- Change: +35.7%
Pending Sales:
- April 2024: 1,250 (Residential + Condo)
- April 2023: 1,151
- Change: +8.6%
Closed Sales:
- April 2024: 898 (Residential + Condo)
- April 2023: 885
- Change: +1.5%
- Total Dollar Value: $4,858,415,595
Median Sales Price:
- Residential: $680,000 (2024), $625,000 (2023)
- Condo: $518,537 (2024), $465,000 (2023)
- Overall: $651,000 (2024), $603,250 (2023)
- Change: +7.9%
New Construction Sales:
- April 2024: 833 new construction homes and condos
- Median Sales Price: $749,990
Months of Inventory:
- April 2024: 1.5 (Residential + Condo)
- April 2023: 1.1
- Change: +36.4%
Detailed Insights
Active Listings
Pierce County’s active listings increased by 20.9% year-over-year. In April 2024, there were 1,330 active residential and condo listings compared to 950 in April 2023. This rise provides more options for move-up buyers seeking spacious homes for sale in Tacoma WA.
New Listings
The market saw a significant increase in new listings. Residential new listings rose from 950 in April 2023 to 1,293 in April 2024. For condos, new listings went up from 69 to 90 in the same period. This surge benefits those looking for family-friendly homes for sale in Tacoma WA.
Pending Sales
Pending sales in Pierce County rose 8.6%. Residential pending sales grew from 1,077 in April 2023 to 1,177 in April 2024. Condo pending sales decreased slightly, from 74 in 2023 to 73 in 2024.
Closed Sales
Closed sales showed a slight 1.5% increase, with 898 residential and condo units sold in April 2024 compared to 885 in April 2023. The total dollar value of closed sales for residential homes was $4,321,191,188, and for condominiums, it was $537,224,407.
Median Sales Price
The median sales price for residential homes increased to $680,000 in April 2024 from $625,000 in April 2023. For condos, the median price rose to $518,537 from $465,000.
Overall, the median sales price increased by 7.9%, indicating a robust market for spacious homes for families in Tacoma WA.
New Construction Sales
In April 2024, NWMLS brokers sold 833 new construction homes and condos, with a median sales price of $749,990. This reflects a 2.2% increase from April 2023, highlighting the demand for new construction homes for big families in Tacoma WA.
Months of Inventory
The months of inventory in Pierce County increased from 1.1 in April 2023 to 1.5 in April 2024, indicating a shift towards a more balanced market. This change highlights the demand for homes, making it a crucial time for buyers to act quickly.
Expert Real Estate Guidance
Navigating this dynamic market requires a knowledgeable realtor. Ruthy Taylor – Tacoma Real Estate Agent for Move-Up Buyers – specializes in helping families find their ideal homes.
Whether you’re looking for spacious homes for families in Tacoma Washington or homes for sale in Tacoma Washington with large yards, Ruthy Taylor offers expert guidance tailored to your needs.
Contact Ruthy Taylor
Ready to explore your options in Pierce County? Call Ruthy Taylor, your top-rated Tacoma real estate agent for families, to start your journey towards finding the perfect home. Call me at +1 206-718-3933.