Is 98029, 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, 98029 has remained a Seller's Market.
Key Takeaway
98029 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98029, WA
How much do homes in 98029, WA cost?
Median Sold Price
$1,025,000
$564/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98029 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 98029 was $1,025,000 in March 2024, up 7.9% from last year, and the median price per square foot was $564.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405K | $400K | -1.2% |
| 2 Bedrooms | $569K | $614.5K | +8.0% |
| 3 Bedrooms | $1.0M | $1.0M | 0.0% |
| 4 Bedrooms | $1.4M | $1.4M | 0.1% |
| 5+ Bedrooms | $1.8M | $2.0M | +13.7% |
Summary: 98029 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 8%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 13.7%.
Housing Supply in 98029, WA
How many homes are available in 98029, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 96 | +24.7% |
Summary: The 98029 real estate market had 96 homes for sale in March 2024, a 24.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 20 | 32 | +60.0% |
| 3 Bedrooms | 19 | 25 | +31.6% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 98029 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98029, expect to pay close to the asking price. 40.5% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in 98029 in March 2024, up by 37.0% month-over-month. Of the 37 sold homes, 24% were sold under asking, 41% were sold at asking, and 35% were sold over asking.
Days on Market for 98029, WA
How long does it take to sell a home in 98029, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +8.0% |
Summary: Homes in 98029 had an average of 21 days on market in Mar 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98029 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in 98029; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.