Is Maple Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Maple Valley has remained a Seller's Market.
Key Takeaway
Maple Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Valley, WA
How much do homes in Maple Valley, WA cost?
Median Sold Price
$759,245
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Maple Valley have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Maple Valley was $759,245 in May 2024, up 2.6% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $596.5K | +26.9% |
| 2 Bedrooms | $465K | $497K | +6.9% |
| 3 Bedrooms | $650K | $694K | +6.8% |
| 4 Bedrooms | $815K | $885K | +8.6% |
| 5+ Bedrooms | $949.9K | $975K | +2.6% |
Summary: Maple Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Kent | $599.9K | $644.6K | +7.4% |
| Tahoma-Maple Valley | $700.1K | $721K | +3.0% |
| Maple Valley | $740.3K | $759.2K | +2.6% |
| Enumclaw Plateau | $699.5K | $708.3K | +1.3% |
| Covington | $650K | $645K | -0.8% |
Housing Supply in Maple Valley, WA
How many homes are available in Maple Valley, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 116 | 148 | +27.6% |
Summary: The Maple Valley real estate market had 148 homes for sale in May 2024, a 27.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 47 | 56 | +19.1% |
| 4 Bedrooms | 45 | 61 | +35.6% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Maple Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 35.6%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 49 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Valley, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in Maple Valley in May 2024, the same as the previous month. Of the 49 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market for Maple Valley, WA
How long does it take to sell a home in Maple Valley, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 12 Days | -20.7% |
Summary: Homes in Maple Valley had an average of 12 days on market in May 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Maple Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 49 homes were sold in Maple Valley; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.