Is 98022, 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, 98022 has remained a Seller's Market.
Housing Prices in 98022, WA
How much do homes in 98022, WA cost?
Median Sold Price
$660,550
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98022 was $660,550 in March 2024, up 2.8% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $455K | $440K | -3.3% |
2 Bedrooms | $450K | $462.5K | +2.8% |
3 Bedrooms | $595K | $615K | +3.4% |
4 Bedrooms | $734.9K | $749.9K | +2.0% |
5+ Bedrooms | $855K | $749.9K | -12.3% |
Summary: 98022 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Zip Codes
98010 | $799.4K | $832.6K | +4.1% |
98022 | $642.2K | $660.5K | +2.8% |
98051 | $949K | $875K | -7.8% |
Housing Supply in 98022, WA
How many homes are available in 98022, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 57 | +14.0% |
Summary: The 98022 real estate market had 57 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 98022 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 66.7%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 98022 in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 36% were sold at asking, and 43% were sold over asking.
Days on Market for 98022, WA
How long does it take to sell a home in 98022, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 51 Days | +19.0% |
Summary: Homes in 98022 had an average of 51 days on market in Mar 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 98022; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.