Is 98102, 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, 98102 has remained a Seller's Market.
Housing Prices in 98102, WA
How much do homes in 98102, WA cost?
Median Sold Price
$777,000
$646/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98102 was $777,000 in April 2024, up 17.4% from last year, and the median price per square foot was $646.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $424.7K | -1.2% |
2 Bedrooms | $705K | $710K | +0.7% |
3 Bedrooms | $1.4M | $1.2M | -16.4% |
4 Bedrooms | $1.7M | $1.7M | -0.4% |
5+ Bedrooms | $3.2M | $1.9M | -42.0% |
Summary: 98102 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 42%.
Housing Supply in 98102, WA
How many homes are available in 98102, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 141 | +38.2% |
Summary: The 98102 real estate market had 141 homes for sale in April 2024, a 38.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 34 | +41.7% |
2 Bedrooms | 31 | 48 | +54.8% |
3 Bedrooms | 34 | 43 | +26.5% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 98102 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 54.8%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 98102 in April 2024, up by 40.0% month-over-month. Of the 35 sold homes, 46% were sold under asking, 29% were sold at asking, and 26% were sold over asking.
Days on Market for 98102, WA
How long does it take to sell a home in 98102, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 18 Days | -42.0% |
Summary: Homes in 98102 had an average of 18 days on market in Apr 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 98102; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.