Is 98002, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98002 has remained a Seller's Market.
Housing Prices in 98002, WA
How much do homes in 98002, WA cost?
Median Sold Price
$458,495
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98002 was $458,495 in April 2024, up 4.3% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $208.3K | $215K | +3.2% |
2 Bedrooms | $370.5K | $360K | -2.8% |
3 Bedrooms | $461.5K | $490K | +6.2% |
4 Bedrooms | $569.9K | $550K | -3.5% |
5+ Bedrooms | $621.5K | $590K | -5.1% |
Summary: 98002 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in 98002, WA
How many homes are available in 98002, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 61 | +13.0% |
Summary: The 98002 real estate market had 61 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 22 | 19 | -13.6% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The 98002 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 38.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 98002 in April 2024, the same as the previous month. Of the 20 sold homes, 15% were sold under asking, 15% were sold at asking, and 70% were sold over asking.
Days on Market for 98002, WA
How long does it take to sell a home in 98002, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 24 Days | +31.0% |
Summary: Homes in 98002 had an average of 24 days on market in Apr 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in 98002; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.