Is 98006, 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, 98006 has remained a Seller's Market.
Housing Prices in 98006, WA
How much do homes in 98006, WA cost?
Median Sold Price
$1,575,000
$601/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98006 was $1,575,000 in March 2024, up 2.4% from last year, and the median price per square foot was $601.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $595K | $331.5K | -44.3% |
2 Bedrooms | $589.9K | $522.4K | -11.4% |
3 Bedrooms | $1.3M | $1.2M | -9.1% |
4 Bedrooms | $1.6M | $1.7M | +6.3% |
5+ Bedrooms | $2.3M | $2.3M | +1.3% |
Summary: 98006 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in 98006, WA
How many homes are available in 98006, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 98 | +36.1% |
Summary: The 98006 real estate market had 98 homes for sale in March 2024, a 36.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 33 | 42 | +27.3% |
5+ Bedrooms | 16 | 30 | +87.5% |
Summary: The 98006 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 87.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 42 | +180.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 98006 in March 2024, up by 180.0% month-over-month. Of the 42 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for 98006, WA
How long does it take to sell a home in 98006, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 9 Days | -80.1% |
Summary: Homes in 98006 had an average of 9 days on market in Mar 2024, down by 80.1% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in 98006; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.