Is 98051, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98051 was a Seller's Market.
Housing Prices in 98051, WA
How much do homes in 98051, WA cost?
Median Sold Price
$875,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98051 was $875,000 in March 2024, down 7.8% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $320K | N/A |
2 Bedrooms | - | $575K | N/A |
3 Bedrooms | $702.9K | $704.5K | 0.2% |
4 Bedrooms | $1.5M | $1.3M | -13.3% |
5+ Bedrooms | $849.9K | $1.8M | +111.8% |
Summary: 98051 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 did not change, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 111.8%.
Housing Supply in 98051, WA
How many homes are available in 98051, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Summary: The 98051 real estate market had 8 homes for sale in March 2024, a 100.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 98051 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 98051 in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 98051, WA
How long does it take to sell a home in 98051, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 68 Days | -8.4% |
Summary: Homes in 98051 had an average of 68 days on market in Mar 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in 98051; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.