Is 98053, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98053 has remained a Seller's Market.
Housing Prices in 98053, WA
How much do homes in 98053, WA cost?
Median Sold Price
$1,340,000
$590/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98053 was $1,340,000 in April 2024, up 1.5% from last year, and the median price per square foot was $590.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $950K | $1.0M | +6.6% |
3 Bedrooms | $1.1M | $1.2M | +7.9% |
4 Bedrooms | $1.8M | $1.8M | -1.6% |
5+ Bedrooms | $2.3M | $2.4M | +6.5% |
Summary: 98053 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 98053, WA
How many homes are available in 98053, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 73 | +9.0% |
Summary: The 98053 real estate market had 73 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 98053 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 27 | +28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 98053 in April 2024, up by 28.6% month-over-month. Of the 27 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% were sold over asking.
Days on Market for 98053, WA
How long does it take to sell a home in 98053, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 8 Days | -18.9% |
Summary: Homes in 98053 had an average of 8 days on market in Apr 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in 98053; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.