Is 98001, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 98001 has remained a Seller's Market.
Housing Prices in 98001, WA
How much do homes in 98001, WA cost?
Median Sold Price
$605,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98001 was $605,000 in March 2024, down 2.3% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $800K | +83.9% |
2 Bedrooms | $415K | $430K | +3.6% |
3 Bedrooms | $550K | $550K | 0.0% |
4 Bedrooms | $680K | $656.2K | -3.5% |
5+ Bedrooms | $744.5K | $749.9K | +0.7% |
Summary: 98001 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 98001, WA
How many homes are available in 98001, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 83 | +2.5% |
Summary: The 98001 real estate market had 83 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 34 | 43 | +26.5% |
4 Bedrooms | 30 | 27 | -10.0% |
5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The 98001 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 26 | +18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 98001 in March 2024, up by 18.2% month-over-month. Of the 26 sold homes, 12% were sold under asking, 15% were sold at asking, and 73% were sold over asking.
Days on Market for 98001, WA
How long does it take to sell a home in 98001, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 14 Days | -62.0% |
Summary: Homes in 98001 had an average of 14 days on market in Mar 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 98001; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.