Is 98032, 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, 98032 has remained a Seller's Market.
Housing Prices in 98032, WA
How much do homes in 98032, WA cost?
Median Sold Price
$500,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98032 was $500,000 in March 2024, down 2% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299.9K | $321.2K | +7.1% |
2 Bedrooms | $415K | $400K | -3.6% |
3 Bedrooms | $528K | $524K | -0.8% |
4 Bedrooms | $632.5K | $639.9K | +1.2% |
5+ Bedrooms | $740K | $680K | -8.1% |
Summary: 98032 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 98032, WA
How many homes are available in 98032, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 63 | -8.7% |
Summary: The 98032 real estate market had 63 homes for sale in March 2024, a 8.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 23 | 21 | -8.7% |
3 Bedrooms | 21 | 19 | -9.5% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 98032 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 decreased by 8.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 20 | -41.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 98032 in March 2024, down by 41.2% month-over-month. Of the 20 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 98032, WA
How long does it take to sell a home in 98032, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 17 Days | -44.1% |
Summary: Homes in 98032 had an average of 17 days on market in Mar 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 98032; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.