Is Fife, 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, Fife has remained a Seller's Market.
Housing Prices in Fife, WA
How much do homes in Fife, WA cost?
Median Sold Price
$478,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fife was $478,000 in May 2024, down 7.6% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $405K | $406K | 0.2% |
3 Bedrooms | $510K | $499.9K | -2.0% |
4 Bedrooms | $558K | $566K | +1.4% |
5+ Bedrooms | $608.5K | $665K | +9.3% |
Summary: Fife housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in Fife, WA
How many homes are available in Fife, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Summary: The Fife real estate market had 25 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 9 | 15 | +66.7% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Fife 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 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fife in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for Fife, WA
How long does it take to sell a home in Fife, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 10 Days | +7.1% |
Summary: Homes in Fife had an average of 10 days on market in May 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Fife; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.