Is 98103, 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, 98103 has remained a Seller's Market.
Housing Prices in 98103, WA
How much do homes in 98103, WA cost?
Median Sold Price
$884,150
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98103 was $884,150 in March 2024, up 1% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $407.5K | $415K | +1.8% |
2 Bedrooms | $732.4K | $729K | -0.5% |
3 Bedrooms | $999.6K | $954.7K | -4.5% |
4 Bedrooms | $1.3M | $1.2M | -8.7% |
5+ Bedrooms | $1.5M | $1.5M | +2.6% |
Summary: 98103 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 98103, WA
How many homes are available in 98103, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 176 | +15.8% |
Summary: The 98103 real estate market had 176 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 24 | 0.0% |
2 Bedrooms | 45 | 58 | +28.9% |
3 Bedrooms | 46 | 52 | +13.0% |
4 Bedrooms | 29 | 28 | -3.4% |
5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The 98103 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 28.9%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 66 | +13.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in 98103 in March 2024, up by 13.8% month-over-month. Of the 66 sold homes, 23% were sold under asking, 36% were sold at asking, and 41% were sold over asking.
Days on Market for 98103, WA
How long does it take to sell a home in 98103, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 21 Days | -30.3% |
Summary: Homes in 98103 had an average of 21 days on market in Mar 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in 98103; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.