Team Luxe Real Estate | Market Insights
Spanaway, WA
Single-Family Homes
206-672-5724 | https://teamluxere.com/
Spanaway, WA
Sun Dec 22 2024
This week the median list price for Spanaway, WA is $544,900 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 87.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $544,900 | |
| Median Price of New Listings | $480,000 | |
| Per Square Foot | $276 | |
| Average Days on Market | 90 | |
| Median Days on Market | 63 | |
| Price Decreased | 48% | |
| Price Increased | 7% | |
| Relisted | 5% | |
| Inventory | 87 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $764,990 | 3,064 | 0.25 - 0.5 acre | 4 | 3 | 0 | 3 | 2 | 84 |
| $599,000 | 2,335 | 0.25 - 0.5 acre | 4 | 3 | 22 | 2 | 4 | 70 |
| $508,725 | 1,757 | 0.25 - 0.5 acre | 3 | 3 | 25 | 2 | 4 | 70 |
| $440,000 | 1,362 | 8,000 - 10,000 sqft | 3 | 2 | 35 | 6 | 5 | 35 |