Is 98008, 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, 98008 has remained a Seller's Market.
Housing Prices in 98008, WA
How much do homes in 98008, WA cost?
Median Sold Price
$1,386,000
$655/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98008 was $1,386,000 in March 2024, up 2.5% from last year, and the median price per square foot was $655.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $1.3M | +318.5% |
2 Bedrooms | $567.5K | $620K | +9.3% |
3 Bedrooms | $1.2M | $1.2M | 0.3% |
4 Bedrooms | $1.4M | $1.4M | -2.7% |
5+ Bedrooms | $2.3M | $2.4M | +3.1% |
Summary: 98008 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 318.5%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 98008, WA
How many homes are available in 98008, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 75 | +82.9% |
Summary: The 98008 real estate market had 75 homes for sale in March 2024, a 82.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 11 | 23 | +109.1% |
4 Bedrooms | 14 | 32 | +128.6% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 98008 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 109.1%, 4 bedroom homes increased by 128.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 23 | +76.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 98008 in March 2024, up by 76.9% month-over-month. Of the 23 sold homes, 26% were sold under asking, 35% were sold at asking, and 39% were sold over asking.
Days on Market for 98008, WA
How long does it take to sell a home in 98008, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 19 Days | -58.0% |
Summary: Homes in 98008 had an average of 19 days on market in Mar 2024, down by 58% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 98008; 87% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.