Is 98072, 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, 98072 has remained a Seller's Market.
Housing Prices in 98072, WA
How much do homes in 98072, WA cost?
Median Sold Price
$1,200,000
$511/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98072 was $1,200,000 in March 2024, up 2.1% from last year, and the median price per square foot was $511.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $289K | $305K | +5.5% |
2 Bedrooms | $411K | $450K | +9.5% |
3 Bedrooms | $976.5K | $1.0M | +7.5% |
4 Bedrooms | $1.5M | $1.4M | -3.5% |
5+ Bedrooms | $1.8M | $1.7M | -0.3% |
Summary: 98072 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in 98072, WA
How many homes are available in 98072, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 67 | +55.8% |
Summary: The 98072 real estate market had 67 homes for sale in March 2024, a 55.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 11 | 20 | +81.8% |
4 Bedrooms | 22 | 32 | +45.5% |
5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 98072 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 81.8%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 24 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 98072 in March 2024, up by 60.0% month-over-month. Of the 24 sold homes, 17% were sold under asking, 21% were sold at asking, and 63% were sold over asking.
Days on Market for 98072, WA
How long does it take to sell a home in 98072, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 18 Days | -45.8% |
Summary: Homes in 98072 had an average of 18 days on market in Mar 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 98072; 83% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.