Is 98056, 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, 98056 has remained a Seller's Market.
Housing Prices in 98056, WA
How much do homes in 98056, WA cost?
Median Sold Price
$860,266
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98056 was $860,266 in March 2024, up 6.2% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.5K | $350K | +28.4% |
2 Bedrooms | $414.8K | $441.5K | +6.4% |
3 Bedrooms | $753K | $730K | -3.1% |
4 Bedrooms | $1.1M | $1.0M | -8.7% |
5+ Bedrooms | $1.5M | $1.5M | -3.2% |
Summary: 98056 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 98056, WA
How many homes are available in 98056, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 105 | +16.7% |
Summary: The 98056 real estate market had 105 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 21 | 32 | +52.4% |
4 Bedrooms | 36 | 34 | -5.6% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The 98056 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 8.3%, 3 bedroom homes increased by 52.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 37 | +32.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 98056 in March 2024, up by 32.1% month-over-month. Of the 37 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% were sold over asking.
Days on Market for 98056, WA
How long does it take to sell a home in 98056, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 30 Days | -20.1% |
Summary: Homes in 98056 had an average of 30 days on market in Mar 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 98056; 76% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.