Is Maple Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$750,000
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Maple Valley have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Maple Valley was $750,000 in April 2024, down 2.6% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $596.5K | +26.9% |
| 2 Bedrooms | $465K | $495K | +6.5% |
| 3 Bedrooms | $645K | $685K | +6.2% |
| 4 Bedrooms | $840K | $880K | +4.8% |
| 5+ Bedrooms | $1.0M | $979.9K | -2.0% |
Summary: Maple Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Kent | $600K | $640K | +6.7% |
| Enumclaw Plateau | $707K | $709.1K | 0.3% |
| Tahoma-Maple Valley | $715K | $713.4K | -0.2% |
| Maple Valley | $770K | $750K | -2.6% |
| Covington | $665K | $645K | -3.0% |
Housing Supply in Maple Valley, WA
How many homes are available in Maple Valley, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 119 | +16.7% |
Summary: The Maple Valley real estate market had 119 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 38 | 47 | +23.7% |
| 4 Bedrooms | 37 | 46 | +24.3% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Maple Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 51 | +45.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Valley, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 51 homes were sold or pending in Maple Valley in April 2024, up by 45.7% month-over-month. Of the 51 sold homes, 31% were sold under asking, 27% were sold at asking, and 41% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 11 Days | -38.1% |
Summary: Homes in Maple Valley had an average of 11 days on market in Apr 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Valley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 51 homes were sold in Maple Valley; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% 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.