Is 98077, 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, 98077 has remained a Seller's Market.
Housing Prices in 98077, WA
How much do homes in 98077, WA cost?
Median Sold Price
$1,375,000
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98077 was $1,375,000 in March 2024, down 2.5% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $335K | N/A |
2 Bedrooms | $730K | $575K | -21.2% |
3 Bedrooms | $1.0M | $1.1M | +5.7% |
4 Bedrooms | $1.6M | $1.6M | +0.9% |
5+ Bedrooms | $2.7M | $1.3M | -50.0% |
Summary: 98077 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 21.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 50%.
Housing Supply in 98077, WA
How many homes are available in 98077, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 46 | +17.9% |
Summary: The 98077 real estate market had 46 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 98077 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 increased by 100%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 98077 in March 2024, down by 6.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 98077, WA
How long does it take to sell a home in 98077, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 20 Days | -68.8% |
Summary: Homes in 98077 had an average of 20 days on market in Mar 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 98077; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.