Is 98052, 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, 98052 has remained a Seller's Market.
Housing Prices in 98052, WA
How much do homes in 98052, WA cost?
Median Sold Price
$1,173,301
$613/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98052 was $1,173,301 in March 2024, down 6.1% from last year, and the median price per square foot was $613.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $380K | -8.4% |
2 Bedrooms | $615K | $640K | +4.1% |
3 Bedrooms | $1.1M | $1.1M | -6.2% |
4 Bedrooms | $1.7M | $1.5M | -10.8% |
5+ Bedrooms | $1.9M | $1.9M | -1.6% |
Summary: 98052 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 98052, WA
How many homes are available in 98052, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 157 | +42.7% |
Summary: The 98052 real estate market had 157 homes for sale in March 2024, a 42.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 29 | 46 | +58.6% |
3 Bedrooms | 29 | 44 | +51.7% |
4 Bedrooms | 26 | 35 | +34.6% |
5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 98052 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 58.6%, 3 bedroom homes increased by 51.7%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 45 | +32.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in 98052 in March 2024, up by 32.4% month-over-month. Of the 45 sold homes, 16% were sold under asking, 20% were sold at asking, and 64% were sold over asking.
Days on Market for 98052, WA
How long does it take to sell a home in 98052, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 6 Days | -80.0% |
Summary: Homes in 98052 had an average of 6 days on market in Mar 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in 98052; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.