Is 98011, 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, 98011 has remained a Seller's Market.
Housing Prices in 98011, WA
How much do homes in 98011, WA cost?
Median Sold Price
$920,000
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98011 was $920,000 in March 2024, down 1.8% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $352.5K | $340K | -3.5% |
2 Bedrooms | $492.4K | $490K | -0.5% |
3 Bedrooms | $775K | $830K | +7.1% |
4 Bedrooms | $1.2M | $1.0M | -11.5% |
5+ Bedrooms | $1.8M | $1.5M | -13.9% |
Summary: 98011 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 13.9%.
Housing Supply in 98011, WA
How many homes are available in 98011, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 96 | +1.1% |
Summary: The 98011 real estate market had 96 homes for sale in March 2024, a 1.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 6 | +500.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 36 | 29 | -19.4% |
4 Bedrooms | 26 | 36 | +38.5% |
5+ Bedrooms | 20 | 15 | -25.0% |
Summary: The 98011 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 41 | +17.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
23 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 98011 in March 2024, up by 17.1% month-over-month. Of the 41 sold homes, 2% were sold under asking, 56% were sold at asking, and 41% were sold over asking.
Days on Market for 98011, WA
How long does it take to sell a home in 98011, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 9 Days | -76.5% |
Summary: Homes in 98011 had an average of 9 days on market in Mar 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 98011; 95% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.