The median sales price of single-family homes in Pierce County last year was $420,000, up 13.5 percent from 2019, according to new figures from the Northwest Multiple Listing Service (NWMLS) summarizing full-year results for all 23 counties represented by NWMLS.
When including condominiums, the median sales price was $415,000, up 13.7 percent.
Looking at average sales prices of single-family homes in Pierce County since 1990 — because year-to-date median prices were not compiled until 2003 — the price has climbed from $135,292 to $467,057, or 245 percent over 30 years.
Other area counties, median sales prices for homes, then homes and condos combined, respectively, and percent change from 2019:
- Thurston, $380,000, up 11.6 percent; $378,850, up 12.25.
- Mason, $315,00, up 18.9 percent; $316,500, up 19 percent.
- Lewis, $300,000, up 15.4 percent (price, change same in both categories).
- Grays Harbor, $250,000, up 16.3 percent; $249,000, up 18.6 percent.
Inventory was tight throughout the NWMLS system last year, helping fuel higher prices. There were 0.79 months of supply of homes and condos combined in Pierce last year, 38.9 percent lower than in 2019. Supplies were also lower in Thurston, Lewis, Mason, and Grays Harbor counties, by 44.5 percent, 32.6 percent, 45.9 percent, and 42.1 percent, respectively.
In all 23 NWMLS counties, there were 95,760 closes sales last year valued at more than $56 billion, both up from 2019.