Is 98026, 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, 98026 has remained a Seller's Market.
Housing Prices in 98026, WA
How much do homes in 98026, WA cost?
Median Sold Price
$783,666
$437/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98026 was $783,666 in March 2024, down 2% from last year, and the median price per square foot was $437.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $310.7K | +3.6% |
2 Bedrooms | $485K | $450K | -7.2% |
3 Bedrooms | $777.5K | $725K | -6.8% |
4 Bedrooms | $962.4K | $941.2K | -2.2% |
5+ Bedrooms | $1.2M | $1.1M | -4.7% |
Summary: 98026 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 98026, WA
How many homes are available in 98026, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 112 | +6.7% |
Summary: The 98026 real estate market had 112 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 27 | 25 | -7.4% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 29 | 40 | +37.9% |
5+ Bedrooms | 26 | 19 | -26.9% |
Summary: The 98026 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes decreased by 26.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 46 | +39.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 98026 in March 2024, up by 39.4% month-over-month. Of the 46 sold homes, 28% were sold under asking, 20% were sold at asking, and 52% were sold over asking.
Days on Market for 98026, WA
How long does it take to sell a home in 98026, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 19 Days | -57.0% |
Summary: Homes in 98026 had an average of 19 days on market in Mar 2024, down by 57% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in 98026; 85% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.