Is 98065, 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, 98065 has remained a Seller's Market.
Housing Prices in 98065, WA
How much do homes in 98065, WA cost?
Median Sold Price
$1,065,000
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98065 was $1,065,000 in March 2024, down 5.1% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $399.9K | N/A |
2 Bedrooms | $649.9K | $666K | +2.5% |
3 Bedrooms | $892.5K | $850K | -4.8% |
4 Bedrooms | $1.3M | $1.3M | -2.1% |
5+ Bedrooms | $1.6M | $1.5M | -7.4% |
Summary: 98065 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 98065, WA
How many homes are available in 98065, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 29 | +20.8% |
Summary: The 98065 real estate market had 29 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 98065 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 98065 in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for 98065, WA
How long does it take to sell a home in 98065, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 15 Days | -56.7% |
Summary: Homes in 98065 had an average of 15 days on market in Mar 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 98065; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.