Is 98059, 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, 98059 has remained a Seller's Market.
Housing Prices in 98059, WA
How much do homes in 98059, WA cost?
Median Sold Price
$901,948
$420/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98059 was $901,948 in April 2024, up 3.4% from last year, and the median price per square foot was $420.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | $362K | -4.1% |
2 Bedrooms | $555K | $485K | -12.6% |
3 Bedrooms | $710K | $785K | +10.6% |
4 Bedrooms | $1.0M | $1.0M | +4.9% |
5+ Bedrooms | $1.3M | $1.4M | +1.8% |
Summary: 98059 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 12.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in 98059, WA
How many homes are available in 98059, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 102 | +39.7% |
Summary: The 98059 real estate market had 102 homes for sale in April 2024, a 39.7% 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 | 7 | 10 | +42.9% |
3 Bedrooms | 24 | 35 | +45.8% |
4 Bedrooms | 25 | 34 | +36.0% |
5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The 98059 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 increased by 42.9%, 3 bedroom homes increased by 45.8%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 29 | +20.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 98059 in April 2024, up by 20.8% month-over-month. Of the 29 sold homes, 17% were sold under asking, 24% were sold at asking, and 59% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 5 Days | -81.8% |
Summary: Homes in 98059 had an average of 5 days on market in Apr 2024, down by 81.8% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in 98059; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.