Is 98034, 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, 98034 has remained a Seller's Market.
Housing Prices in 98034, WA
How much do homes in 98034, WA cost?
Median Sold Price
$998,928
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98034 was $998,928 in March 2024, up 6.6% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $389K | $362.9K | -6.7% |
2 Bedrooms | $489.9K | $467.5K | -4.6% |
3 Bedrooms | $972.5K | $980K | +0.8% |
4 Bedrooms | $1.2M | $1.2M | +1.2% |
5+ Bedrooms | $1.3M | $1.5M | +8.4% |
Summary: 98034 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in 98034, WA
How many homes are available in 98034, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
131 | 171 | +30.5% |
Summary: The 98034 real estate market had 171 homes for sale in March 2024, a 30.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 31 | 42 | +35.5% |
3 Bedrooms | 42 | 55 | +31.0% |
4 Bedrooms | 32 | 40 | +25.0% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The 98034 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 35.5%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 74 | +85.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in 98034 in March 2024, up by 85.0% month-over-month. Of the 74 sold homes, 14% were sold under asking, 30% were sold at asking, and 57% were sold over asking.
Days on Market for 98034, WA
How long does it take to sell a home in 98034, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 14 Days | -56.4% |
Summary: Homes in 98034 had an average of 14 days on market in Mar 2024, down by 56.4% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 74 homes were sold in 98034; 88% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.