Is 98105, 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, 98105 has remained a Seller's Market.
Housing Prices in 98105, WA
How much do homes in 98105, WA cost?
Median Sold Price
$1,015,000
$592/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98105 was $1,015,000 in March 2024, down 13.2% from last year, and the median price per square foot was $592.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $402.5K | -6.4% |
2 Bedrooms | $780K | $710K | -9.0% |
3 Bedrooms | $1.1M | $985K | -11.1% |
4 Bedrooms | $1.5M | $1.4M | -7.4% |
5+ Bedrooms | $1.8M | $1.9M | 0.3% |
Summary: 98105 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 98105, WA
How many homes are available in 98105, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 100 | +47.1% |
Summary: The 98105 real estate market had 100 homes for sale in March 2024, a 47.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 19 | 29 | +52.6% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 13 | 26 | +100.0% |
5+ Bedrooms | 12 | 20 | +66.7% |
Summary: The 98105 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 52.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 98105 in March 2024, up by 21.1% month-over-month. Of the 23 sold homes, 43% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for 98105, WA
How long does it take to sell a home in 98105, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 29 Days | -18.4% |
Summary: Homes in 98105 had an average of 29 days on market in Mar 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 98105; 83% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.