Here is the July 2021 Market Update! Every month we compile the data from the following counties: Pierce, Kitsap, Thurston & King. The data is pulled directly from the Northwest Multiple Listing Service. Are you interested in a specific city not listed? Let us know, we are happy to create a market update report suited for your needs!
JULY 2021 COUNTY UPDATE:
Finally, what we’ve all been waiting for: more homes on the market! The July real estate market brought just that for hopeful home buyers. This is the first market update in a very long time that we saw more than a month of available inventory in multiple cities. Kitsap County overall had one month of available homes on the market, the most of the four counties. King County had the least amount of available inventory out of the four counties, with a little over two weeks (.6 months) of homes for buyers to choose from.
JULY 2021 NEIGHBORHOOD UPDATE:
North Tacoma’s median price point jumped nearly $100K compared to last month. In the zip code 98403, there were only eight closed sales, but the average price was just over $1M. North Tacoma also had an uptick in available inventory.
Central Tacoma had very similar numbers in June as the area did for this month. However, the amount of days a home was on the market before it went under contract increased to eight days.
Much like the Central Tacoma numbers, South Tacoma did not see any major increase in median price or year to date price from June to July. There was also more inventory on the market, too!
University Place had one of the highest average days on market for this month overall at 22 days. Year to date the average amount of days on market is 14 days, slightly higher compared to surrounding cities.
You can see by the number above, but Lakewood had one whole month of available inventory in July! Will this trend continue through the end of summer? We’ll keep you posted.
Not much changed in Spanaway from the June market update to the July market update. Over the year, we have seen the numbers in Spanaway climb steadily each month. Just six months ago the median sales price was under $400K.
The median sales price in Roy has fluctuates the most month to month due to the wide variety of property styles and size in this area. Last month the median sales price was $50K more.
Puyallup’s numbers stayed consistent with the data from June. The most affordable median home price was in zip code 98375 at $475K and the most expensive was in zip code 98371 at $575K.
The median sales price is officially over the $700K marker in Gig Harbor for the month of July. This area also had the least amount of available homes for buyers in July when compared to the rest of the cities.
Are you interested in how this month compares to last month? Check out the June 2021 Market Update here!