Is 98023, 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, 98023 has remained a Seller's Market.
Housing Prices in 98023, WA
How much do homes in 98023, WA cost?
Median Sold Price
$590,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98023 was $590,000 in March 2024, up 0.9% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $279.9K | +9.8% |
2 Bedrooms | $333K | $326.5K | -2.0% |
3 Bedrooms | $535K | $557.7K | +4.3% |
4 Bedrooms | $652K | $669K | +2.6% |
5+ Bedrooms | $750K | $745K | -0.7% |
Summary: 98023 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 98023, WA
How many homes are available in 98023, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 108 | +3.8% |
Summary: The 98023 real estate market had 108 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 38 | 40 | +5.3% |
4 Bedrooms | 34 | 32 | -5.9% |
5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The 98023 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 98023 in March 2024, the same as the previous month. Of the 27 sold homes, 22% were sold under asking, 19% were sold at asking, and 59% were sold over asking.
Days on Market for 98023, WA
How long does it take to sell a home in 98023, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 32 Days | +32.9% |
Summary: Homes in 98023 had an average of 32 days on market in Mar 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 98023; 81% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.