Pierce County Quarterly Housing Market Update: Sep - Nov 2025
Welcome back to the Quarterly Pierce County Housing Market Update covering September through November 2025. Instead of tracking the week-to-week noise, we’re now zooming out to give you a clearer, more meaningful look at how the market is actually performing across the quarter. No boring reports, no data overload, just the truth about what’s happening in our local real estate landscape.
And let’s kick things off with a little good news: interest rates finally dipped a bit this quarter. Not a dramatic plunge, but enough to matter. In real estate, even a tiny shift can unlock new opportunities for buyers and boost confidence for sellers.
Now for the numbers:
Previous Quarter (May 31–Aug 31):
Active Listings: 970
Pending/Pending Inspection: 87
Sold: 4,156
Expired/Canceled: 1,102
This Quarter (Sept–Nov 2025):
Active Listings: 1,131
Pending/Pending Inspection: 924
Sold: 1,761
Expired/Canceled: 817
What the Data Says
Pierce County saw a notable increase in active listings, giving buyers more to choose from while still keeping the market competitive. Pending sales skyrocketed compared to last quarter, a clear sign that buyer demand hasn’t gone anywhere, it’s alive, active, and writing offers.
Sold homes naturally dipped from the summer frenzy, but that’s normal as we shift into fall. Meanwhile, the drop in expired and canceled listings tells us sellers are aligning better with market expectations, more realistic pricing, better preparation, and smarter strategy.
What It Means for You
Yes, some homes stayed on the market longer, but that wasn’t due to a lack of buyers. Most of those lingering listings were overpriced or under-prepped. Today’s buyers are sharp, educated, and not afraid to wait for a home that checks the boxes and is priced right.
Sellers: A dialed-in pricing strategy and strong presentation still make all the difference.
Buyers: With rates slightly softer and inventory higher, this quarter may offer the breathing room you’ve been waiting for.
Pierce County remains strong, competitive, and full of opportunity, just with a little more balance and a lot more clarity now that we’re looking at it quarter by quarter.
How to Read the Data (Quarterly Edition)
Think of my quarterly market stats as your dashboard for understanding the bigger trends, not just week-to-week noise.
Active listings show how much inventory buyers actually had to choose from this quarter. If actives rise, sellers may need sharper pricing; if they fall, competition tightens.
Pending Inspection and Pending represent real-time demand. These are the homes that went under contract this quarter. Pending’s climbing quarter over quarter? That’s a market with serious buyer energy.
Sold data shows which deals actually closed. It’s the rearview mirror, great for confirming pricing trends and understanding true market value, but less about predicting what’s coming next.
Canceled and Expired listings reveal where the market said “no thanks.” High numbers mean pricing or presentation missed the mark.
The magic is in comparing actives to pendings (market heat), the shift from last quarter (momentum), and how quickly homes move from active to pending (buyer speed). In short:
Actives = menu
Pending’s = what buyers actually ordered
Sold’s = what they paid
Canceled/Expired = what didn’t work
Use it all together to price smarter, prep better, and make confident decisions each quarter.
Pierce County Stats: September - November 2025
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Pending Sales Data
Pending sales data is one of the juiciest pieces of intel we now have access to inside the NWMLS and it’s something you simply can’t find anywhere else. Unlike closed sales, which are already in the rearview mirror, pending sales show you what’s happening right now. They’re a sneak peek into the market’s next moves, giving us a window into buyer demand, price trends, and how quickly homes are being scooped up. Think of it as reading tomorrow’s headlines today.
This matters because the real estate market doesn’t wait. By the time a sale closes and shows up in public stats, the market could have shifted. Pending sales data bridges that gap. It lets us see which price points are hot, how long it’s taking for homes to go under contract, and whether buyers are starting to pull back or charge full speed ahead. For sellers, that means smarter pricing and timing. For buyers, it means knowing exactly what kind of competition they’re up against.
And here’s the kicker, this level of insight is exclusive to NWMLS and.… ME! Zillow, Redfin, and all the big national sites? They don’t have it. That means when I’m pulling stats for you, we’re not playing with the same watered-down data everyone else is using. We’re tapping into information that actually reflects the pulse of the Pierce County market as it’s happening. In other words, when we talk strategy, we’re not guessing, we’re armed with facts that only licensed pros can see.
Median Pending Price
Average Pending Price to List Ratio (%)
Pendings with Multiple Offers (%)
When you look at the monthly stats, you’re really seeing the “big picture” story of our market and it’s not just Pierce County in a bubble. I’ll be showing you a side-by-side comparison of Pierce County versus the rest of the NWMLS, so you can see how our little corner stacks up against the broader region.
Here’s what those numbers mean: Active listings tell us how many homes are available right now, while new listings show how many fresh options just hit the market. Pending sales (the homes that went under contract) give us a clue about buyer activity in real time, and sold listings show how many deals officially crossed the finish line. Months of inventory measures how long it would take to sell every available home if no new ones popped up, aka, the “speedometer” of the market. And of course, the median sales price is the crowd favorite, showing the middle price point where half the homes sold for more and half sold for less.
The October stats are Here!
