Is 98104, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 98104 was a Buyer's Market.
Key Takeaway
98104 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 98104, WA
How much do homes in 98104, WA cost?
Median Sold Price
$512,500
$690/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 98104 has remained the same since last year.
Summary: The median home sold price in 98104 was $512,500 in April 2024, down 0.5% from last year, and the median price per square foot was $690.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | $399.9K | 0.2% |
| 2 Bedrooms | $695K | $696.4K | 0.2% |
| 3 Bedrooms | $980K | $1.4M | +42.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 98104 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 42.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 98104, WA
How many homes are available in 98104, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 79 | +14.5% |
Summary: The 98104 real estate market had 79 homes for sale in April 2024, a 14.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 43 | +7.5% |
| 2 Bedrooms | 26 | 31 | +19.2% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98104 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98104, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 98104 in April 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for 98104, WA
How long does it take to sell a home in 98104, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 30 Days | -15.9% |
Summary: Homes in 98104 had an average of 30 days on market in Apr 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 98104 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in 98104; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.