Is 98045, 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, 98045 has remained a Seller's Market.
Housing Prices in 98045, WA
How much do homes in 98045, WA cost?
Median Sold Price
$872,500
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98045 was $872,500 in March 2024, down 18.7% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $390K | $600.5K | +54.0% |
2 Bedrooms | $625K | $615K | -1.6% |
3 Bedrooms | $880K | $809.9K | -8.0% |
4 Bedrooms | $1.2M | $1.2M | +2.9% |
5+ Bedrooms | $1.3M | $1.3M | 0.0% |
Summary: 98045 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
98065 | $1.1M | $1.0M | -5.1% |
98051 | $949K | $875K | -7.8% |
98045 | $1.0M | $872.5K | -18.7% |
Housing Supply in 98045, WA
How many homes are available in 98045, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 53 | +51.4% |
Summary: The 98045 real estate market had 53 homes for sale in March 2024, a 51.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 7 | +100.0% |
2 Bedrooms | 4 | 11 | +175.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 10 | 7 | -30.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 98045 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 175%, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 98045 in March 2024, up by 45.5% month-over-month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for 98045, WA
How long does it take to sell a home in 98045, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 52 Days | -13.0% |
Summary: Homes in 98045 had an average of 52 days on market in Mar 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 98045; 75% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.