Is 98005, 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, 98005 has remained a Seller's Market.
Housing Prices in 98005, WA
How much do homes in 98005, WA cost?
Median Sold Price
$1,400,000
$650/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98005 was $1,400,000 in March 2024, up 4.1% from last year, and the median price per square foot was $650.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $369.7K | $475K | +28.5% |
2 Bedrooms | $613.7K | $611.5K | -0.4% |
3 Bedrooms | $1.2M | $1.3M | +8.8% |
4 Bedrooms | $1.8M | $1.9M | +7.7% |
5+ Bedrooms | $2.4M | $2.3M | -2.7% |
Summary: 98005 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.5%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 98005, WA
How many homes are available in 98005, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 47 | +14.6% |
Summary: The 98005 real estate market had 47 homes for sale in March 2024, a 14.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 98005 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 increased by 30.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 98005 in March 2024, the same as the previous month. Of the 15 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% were sold over asking.
Days on Market for 98005, WA
How long does it take to sell a home in 98005, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 32 Days | -41.7% |
Summary: Homes in 98005 had an average of 32 days on market in Mar 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 98005; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.