Is 98003, 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, 98003 has remained a Seller's Market.
Key Takeaway
98003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98003, WA
How much do homes in 98003, WA cost?
Median Sold Price
$500,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98003 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 98003 was $500,000 in March 2024, down 2% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.9K | $226K | +5.1% |
| 2 Bedrooms | $305.1K | $305K | 0% |
| 3 Bedrooms | $525K | $520K | -1.0% |
| 4 Bedrooms | $681.7K | $689K | +1.1% |
| 5+ Bedrooms | $725K | $746.5K | +3.0% |
Summary: 98003 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3%.
Housing Supply in 98003, WA
How many homes are available in 98003, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 61 | +15.1% |
Summary: The 98003 real estate market had 61 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 98003 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98003, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 98003 in March 2024, down by 17.6% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for 98003, WA
How long does it take to sell a home in 98003, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 18 Days | -8.7% |
Summary: Homes in 98003 had an average of 18 days on market in Mar 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98003 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in 98003; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.