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Puyallup, WA is tied with Seattle as the second most active city for new construction in Western Washington, and the most active city for new construction in Pierce County in terms of total homes for sale. In Puyallup there are currently 114 new homes for sale across 18 communities. This information is current as of March 28, 2014. For the most up to date information, visit the Puyallup new construction page, which is updated on a daily basis.
New home prices in Puyallup range from the low $200s at Emerald Pointe, a community with 12 available single family homes, to well over $800k at Morningview Estates, which has two available single family homes. Newly built single family homes have an average listing price of $291,668 for 2,324 square feet, or $126 per square foot. Over the last 6 months, the actual sales prices has averaged $300,083 for a 2,471 square foot home, or $121 per square foot.
There are many home builders currently building communities and homes in Puyallup, including DR Horton, one of Western Washington's most active home builders. DR Horton is building the Brookefield Farms and Crossroads communities in Puyallup.
There are currently 3.5 months of residential housing supply in Puyallup, which indicates a fairly balanced market compared to other cities, particularly in King County, which currently have housing supply multiples closer to 2. New homes comprise 25% of the current residential market in Puyallup.
There are a variety of methods for calculating months of housing supply. We calculate it by taking the average number of homes and condos sold per month over the trailing 6 months (130.5) and dividing that into the number of houses & condos currently for sale (451).
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Average prices and sizes for new construction for sale and recently closed are computed from the middle 50% of the items in the set.
Listing data is provided courtesy of NWMLS, not compiled or published by NWMLS.