Is 98058, 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, 98058 has remained a Seller's Market.
Housing Prices in 98058, WA
How much do homes in 98058, WA cost?
Median Sold Price
$725,034
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98058 was $725,034 in April 2024, up 3.6% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $265K | -8.6% |
2 Bedrooms | $400K | $429.9K | +7.5% |
3 Bedrooms | $665K | $669.9K | +0.7% |
4 Bedrooms | $780K | $776K | -0.5% |
5+ Bedrooms | $850K | $952.4K | +12.1% |
Summary: 98058 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in 98058, WA
How many homes are available in 98058, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 112 | +24.4% |
Summary: The 98058 real estate market had 112 homes for sale in April 2024, a 24.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 18 | +80.0% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 33 | 43 | +30.3% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 98058 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 46 | +64.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 98058 in April 2024, up by 64.3% month-over-month. Of the 46 sold homes, 17% were sold under asking, 17% were sold at asking, and 65% were sold over asking.
Days on Market for 98058, WA
How long does it take to sell a home in 98058, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 21 Days | -4.7% |
Summary: Homes in 98058 had an average of 21 days on market in Apr 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in 98058; 83% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.