Is 98014, 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, 98014 has remained a Seller's Market.
Housing Prices in 98014, WA
How much do homes in 98014, WA cost?
Median Sold Price
$998,950
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98014 was $998,950 in March 2024, down 3.5% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $582.5K | $490K | -15.9% |
3 Bedrooms | $851.2K | $925K | +8.7% |
4 Bedrooms | $1.2M | $1.0M | -12.1% |
5+ Bedrooms | $1.2M | $1.1M | -6.1% |
Summary: 98014 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 98014, WA
How many homes are available in 98014, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Summary: The 98014 real estate market had 20 homes for sale in March 2024, a 4.8% decrease 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 | 0 | 1 | +100.0% |
3 Bedrooms | 11 | 7 | -36.4% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The 98014 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 100%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 98014 in March 2024, down by 45.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 98014, WA
How long does it take to sell a home in 98014, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 104 Days | +93.6% |
Summary: Homes in 98014 had an average of 104 days on market in Mar 2024, up by 93.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 98014; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.