Is 98012, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98012 has remained a Seller's Market.
Housing Prices in 98012, WA
How much do homes in 98012, WA cost?
Median Sold Price
$972,277
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98012 was $972,277 in April 2024, up 4.5% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $321.5K | $325K | +1.1% |
2 Bedrooms | $506.2K | $573.5K | +13.3% |
3 Bedrooms | $835.4K | $846.2K | +1.3% |
4 Bedrooms | $1.0M | $1.1M | +5.8% |
5+ Bedrooms | $1.2M | $1.2M | +2.0% |
Summary: 98012 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2%.
Housing Supply in 98012, WA
How many homes are available in 98012, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
174 | 181 | +4.0% |
Summary: The 98012 real estate market had 181 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 71 | 64 | -9.9% |
4 Bedrooms | 54 | 71 | +31.5% |
5+ Bedrooms | 28 | 23 | -17.9% |
Summary: The 98012 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 74 | +1.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in 98012 in April 2024, up by 1.4% month-over-month. Of the 74 sold homes, 14% were sold under asking, 14% were sold at asking, and 73% were sold over asking.
Days on Market for 98012, WA
How long does it take to sell a home in 98012, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 7 Days | -75.7% |
Summary: Homes in 98012 had an average of 7 days on market in Apr 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in 98012; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.