Is 98059, 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, 98059 has remained a Seller's Market.
Housing Prices in 98059, WA
How much do homes in 98059, WA cost?
Median Sold Price
$880,590
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98059 was $880,590 in March 2024, up 0.5% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | $375K | -0.7% |
2 Bedrooms | $552.5K | $485K | -12.2% |
3 Bedrooms | $725K | $750K | +3.4% |
4 Bedrooms | $1.0M | $1.0M | 0.0% |
5+ Bedrooms | $1.3M | $1.4M | +6.0% |
Summary: 98059 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6%.
Housing Supply in 98059, WA
How many homes are available in 98059, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 74 | +45.1% |
Summary: The 98059 real estate market had 74 homes for sale in March 2024, a 45.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The 98059 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 98059 in March 2024, up by 43.8% month-over-month. Of the 23 sold homes, 13% were sold under asking, 9% were sold at asking, and 78% were sold over asking.
Days on Market for 98059, WA
How long does it take to sell a home in 98059, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 7 Days | -81.4% |
Summary: Homes in 98059 had an average of 7 days on market in Mar 2024, down by 81.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 98059; 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.