Is 98033, 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, 98033 has remained a Seller's Market.
Housing Prices in 98033, WA
How much do homes in 98033, WA cost?
Median Sold Price
$1,600,000
$752/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98033 was $1,600,000 in March 2024, up 0.3% from last year, and the median price per square foot was $752.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $561.2K | $605K | +7.8% |
2 Bedrooms | $865K | $900K | +4.0% |
3 Bedrooms | $1.5M | $1.4M | -4.7% |
4 Bedrooms | $2.0M | $2.0M | -0.5% |
5+ Bedrooms | $3.2M | $2.7M | -15.6% |
Summary: 98033 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in 98033, WA
How many homes are available in 98033, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
171 | 184 | +7.6% |
Summary: The 98033 real estate market had 184 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 9 | -18.2% |
2 Bedrooms | 36 | 35 | -2.8% |
3 Bedrooms | 59 | 60 | +1.7% |
4 Bedrooms | 43 | 55 | +27.9% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The 98033 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 63 | +18.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in 98033 in March 2024, up by 18.9% month-over-month. Of the 63 sold homes, 35% were sold under asking, 48% were sold at asking, and 17% were sold over asking.
Days on Market for 98033, WA
How long does it take to sell a home in 98033, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 30 Days | -17.9% |
Summary: Homes in 98033 had an average of 30 days on market in Mar 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in 98033; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.