Is 98055, 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, 98055 has remained a Seller's Market.
Housing Prices in 98055, WA
How much do homes in 98055, WA cost?
Median Sold Price
$600,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98055 was $600,000 in April 2024, up 8.9% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249.5K | $316.5K | +26.9% |
2 Bedrooms | $367.5K | $400K | +8.8% |
3 Bedrooms | $623.7K | $615K | -1.4% |
4 Bedrooms | $700K | $749K | +7.0% |
5+ Bedrooms | $790K | $930K | +17.7% |
Summary: 98055 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 17.7%.
Housing Supply in 98055, WA
How many homes are available in 98055, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 43 | +4.9% |
Summary: The 98055 real estate market had 43 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 98055 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 98055 in April 2024, up by 6.7% month-over-month. Of the 16 sold homes, 13% were sold under asking, 31% were sold at asking, and 56% were sold over asking.
Days on Market for 98055, WA
How long does it take to sell a home in 98055, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 36 Days | +39.4% |
Summary: Homes in 98055 had an average of 36 days on market in Apr 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 98055; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.