Is 98075, 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, 98075 has remained a Seller's Market.
Housing Prices in 98075, WA
How much do homes in 98075, WA cost?
Median Sold Price
$1,800,000
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98075 was $1,800,000 in March 2024, up 1.4% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.3M | N/A |
2 Bedrooms | $595K | $590.7K | -0.7% |
3 Bedrooms | $1.2M | $1.2M | +5.3% |
4 Bedrooms | $1.7M | $1.8M | +1.5% |
5+ Bedrooms | $2.1M | $2.1M | -2.4% |
Summary: 98075 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 decreased by 0.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in 98075, WA
How many homes are available in 98075, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 73 | +28.1% |
Summary: The 98075 real estate market had 73 homes for sale in March 2024, a 28.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 19 | 30 | +57.9% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 98075 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 57.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 27 | +68.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 98075 in March 2024, up by 68.8% month-over-month. Of the 27 sold homes, 22% were sold under asking, 26% were sold at asking, and 52% were sold over asking.
Days on Market for 98075, WA
How long does it take to sell a home in 98075, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 30 Days | -29.7% |
Summary: Homes in 98075 had an average of 30 days on market in Mar 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 98075; 78% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.