Is 98020, 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, 98020 has remained a Seller's Market.
Housing Prices in 98020, WA
How much do homes in 98020, WA cost?
Median Sold Price
$960,000
$575/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98020 was $960,000 in April 2024, down 3% from last year, and the median price per square foot was $575.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $587K | $653.4K | +11.3% |
2 Bedrooms | $794.9K | $795K | 0.0% |
3 Bedrooms | $997.4K | $977K | -2.1% |
4 Bedrooms | $1.2M | $1.4M | +15.5% |
5+ Bedrooms | $1.7M | $1.3M | -20.9% |
Summary: 98020 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 20.9%.
Housing Supply in 98020, WA
How many homes are available in 98020, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 71 | +31.5% |
Summary: The 98020 real estate market had 71 homes for sale in April 2024, a 31.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 19 | 22 | +15.8% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 9 | 16 | +77.8% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The 98020 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 26 | +44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 98020 in April 2024, up by 44.4% month-over-month. Of the 26 sold homes, 19% were sold under asking, 23% were sold at asking, and 58% were sold over asking.
Days on Market for 98020, WA
How long does it take to sell a home in 98020, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 23 Days | -54.1% |
Summary: Homes in 98020 had an average of 23 days on market in Apr 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 98020; 81% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.