Is 98039, 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, 98039 has remained a Seller's Market.
Housing Prices in 98039, WA
How much do homes in 98039, WA cost?
Median Sold Price
$4,290,000
$1,150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98039 was $4,290,000 in March 2024, down 19.5% from last year, and the median price per square foot was $1,150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $2.5M | $2.9M | +12.9% |
3 Bedrooms | $4.3M | $4.5M | +4.8% |
4 Bedrooms | $5.1M | $4.1M | -20.5% |
5+ Bedrooms | $5.5M | $8.2M | +47.5% |
Summary: 98039 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes increased by 47.5%.
Median Sold Price Compared To Nearby Zip Codes
98004 | $1.9M | $1.7M | -14.0% |
98039 | $5.3M | $4.2M | -19.5% |
Housing Supply in 98039, WA
How many homes are available in 98039, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 29 | +45.0% |
Summary: The 98039 real estate market had 29 homes for sale in March 2024, a 45.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The 98039 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 98039 in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 98039, WA
How long does it take to sell a home in 98039, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 46 Days | -27.6% |
Summary: Homes in 98039 had an average of 46 days on market in Mar 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 98039; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.