Spring Is Here: Pierce County’s Housing Market Update – Are You Ready to Move?
As the cold grip of winter finally loosens, Pierce County is springing into action—and I’m not just talking about the pollen! The housing market is coming out of hibernation, and we’ve got some exciting updates for you. So, buckle up, grab your favorite coffee (or a glass of wine—hey, no judgment here), and let’s take a fun, detailed dive into what’s really going on in the world of real estate around here. Spoiler alert: it’s good news for sellers, buyers, and anyone who loves a little market drama.
The Market is Heating Up—And It’s Not Just the Weather!
It’s official: spring has sprung, and so has Pierce County’s housing market. As we roll into March 2025, we’re seeing all kinds of activity in the market, and it’s about to get real interesting. The later part of February saw an increase in resale listings over last year, coupled with a steady decline in interest rates. If you’ve been sitting on the fence about making a move, now might just be the perfect time.
But let’s break it down a little more because the numbers tell a story—and it’s a good one.
What’s Happening in the Market Right Now?
If you’ve been keeping an eye on the market, you’ve probably noticed that listings are starting to move faster than a teenager on TikTok when their favorite song comes on. From starter homes to luxury properties, Pierce County is seeing a flurry of activity that we haven’t experienced in a while.
Here’s a quick snapshot of how things are looking right now (and no, we’re not talking about the latest fashion trends):
1. 0 to $350K: Surge!
Yes, you read that right—this price range is on fire. A whopping 60% of listings in this range are under contract within the first 30 days. Buyers are out there, ready to pounce, and homes are going fast. If you’re a seller in this category, it’s your time to shine—time to get your home ready for the market and watch the offers roll in!
2. $350K to $500K: Frenzy!
You thought 60% was impressive? Well, this range is seeing 67% of listings go under contract within the first 30 days. Buyers are hungry, and this price range is what we call “frenzied.” It’s like Black Friday, but with fewer stampedes and more negotiations. If you’re thinking about listing in this range, you’re in for a wild ride—and possibly a bidding war!
3. $500K to $750K: Surge Again!
It’s a trend, and it’s continuing here. With 62% of listings under contract in the first 30 days, homes in this price range are getting snapped up like the last pair of limited-edition sneakers on sale. Whether you’re buying or selling in this bracket, the action is definitely heating up.
4. $750K to $1M: Very Strong
Things are still pretty good in this range—50% of listings are getting picked up within the first 30 days. This is where the market gets a little more selective, but it’s still a seller’s market for those who have a well-maintained property in this price range. Buyers are looking for quality, and sellers are still in a strong position.
5. $1M to $1.5M: Healthy
Don’t let the term “healthy” fool you—this range is doing just fine. With 33% of homes under contract in the first 30 days, sellers here aren’t in a mad rush, but they’re certainly seeing strong activity. Buyers are ready for quality, so if you’ve got a home that’s top-notch, it’s time to shine.
6. $1.5M+: Selective
Ah, the luxury market. It’s always a bit more selective, but it’s also where the real magic happens. Only 22% of listings are going under contract within the first 30 days, but don’t let that make you think it’s slow—this market is just… choosy. Sellers here are still holding the cards, and buyers are carefully considering every move. If you’re in this price range, be prepared for a longer (but equally rewarding) journey.
Interest Rates: A Steady Decline
Now, let’s talk about something that’s been on everyone’s mind lately: interest rates. As of March 3, 2025, the current interest rate stands at 6.74%. Not exactly rock-bottom, but it’s a marked improvement from where we’ve been over the past year.
This slight dip is having a big impact on buyer confidence. The decline in interest rates means more buyers are feeling comfortable entering the market, and if you’ve been considering listing, now is the time to capitalize on the surge in buyer activity.
Start Your Home Search!
What Does This All Mean for You?
Whether you’re buying, selling, or just sitting back with your popcorn watching the market unfold, there are a few key takeaways you don’t want to miss:
If You’re a Seller, Now’s the Time to Move
The market is competitive, and if you’ve been on the fence about listing your home, it’s time to act. With more buyers looking to take advantage of the low interest rates, there’s no better time to get your home on the market and watch the offers pour in.Buyers Are Out There—But Be Ready to Move Fast
Buyers are still out in full force, so if you’re looking to purchase, be prepared for some competition. Homes are going fast, so make sure you’re ready to make an offer when you find the one that checks all your boxes.The Market is Still Developing in Higher Price Ranges
If you’re in the $1M+ price range, you’ll still need to be selective. The luxury market is doing well but moving at a slower pace. Buyers are looking for top-tier properties that offer a unique blend of style, comfort, and luxury.Interest Rates Are Still Favorable for Buyers
Though rates aren’t at rock-bottom levels, the slight decline we’ve seen in interest rates makes now a good time to buy before things shift again.
Local Events to Look Forward to in April 2025
Okay, now that we’ve covered the housing market, let’s talk about something equally important: fun things to do in Pierce County in April 2025. We’ve got a calendar packed with local events, and trust me—you don’t want to miss out. Check out a few highlights:
April 10th-12th: The Pierce County Spring Festival – Enjoy local food, arts, and crafts at this family-friendly event!
April 17th-19th: Local Art Show – Discover some of the best local artists and their works. From sculptures to paintings, there’s something for every art lover.
April 22nd: Earth Day Festival – Join the community in celebrating our beautiful environment with local vendors, nature walks, and more.
April 25th-26th: Pierce County Wine & Dine – A delicious celebration of local wines and food. Perfect for a date night or a fun weekend outing.
April 30th: Spring Concert Series Kickoff – Celebrate the start of the concert season with local bands and outdoor fun!
You can get the full scoop on these events and more by heading over to my website. Trust me—you won’t want to miss out!
Why Now is the Time to Make Your Move
Spring is in the air, and so is opportunity! Whether you're thinking of buying or selling, the market is primed for action. Buyers are out there in droves, interest rates are ticking down, and the Pierce County housing market is bubbling with energy.
Are you ready to jump in? Get in touch with me, and let’s talk about your next move—whether it’s finding your dream home or selling your current one. I’ll guide you every step of the way with a little humor, a lot of knowledge, and, of course, top-tier service.
