Is 98004, 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, 98004 has remained a Seller's Market.
Housing Prices in 98004, WA
How much do homes in 98004, WA cost?
Median Sold Price
$1,716,493
$922/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98004 was $1,716,493 in March 2024, down 14% from last year, and the median price per square foot was $922.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $715K | $911.5K | +27.5% |
2 Bedrooms | $1.2M | $1.1M | -2.1% |
3 Bedrooms | $2.3M | $1.8M | -23.8% |
4 Bedrooms | $3.2M | $3.0M | -6.4% |
5+ Bedrooms | $4.6M | $4.4M | -4.5% |
Summary: 98004 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in 98004, WA
How many homes are available in 98004, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
144 | 159 | +10.4% |
Summary: The 98004 real estate market had 159 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 33 | +57.1% |
2 Bedrooms | 53 | 48 | -9.4% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 32 | 32 | 0.0% |
Summary: The 98004 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 46 | -2.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 98004 in March 2024, down by 2.1% month-over-month. Of the 46 sold homes, 43% were sold under asking, 46% were sold at asking, and 11% were sold over asking.
Days on Market for 98004, WA
How long does it take to sell a home in 98004, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 30 Days | -49.3% |
Summary: Homes in 98004 had an average of 30 days on market in Mar 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in 98004; 74% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.