Is 98106, 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, 98106 has remained a Seller's Market.
Housing Prices in 98106, WA
How much do homes in 98106, WA cost?
Median Sold Price
$661,666
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98106 was $661,666 in March 2024, down 2.7% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $460K | $462.5K | 0.5% |
2 Bedrooms | $570K | $561K | -1.6% |
3 Bedrooms | $675K | $685K | +1.5% |
4 Bedrooms | $810K | $825K | +1.9% |
5+ Bedrooms | $947K | $950K | 0.3% |
Summary: 98106 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 98106, WA
How many homes are available in 98106, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 81 | +1.3% |
Summary: The 98106 real estate market had 81 homes for sale in March 2024, a 1.3% 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 | 32 | 28 | -12.5% |
3 Bedrooms | 30 | 34 | +13.3% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 98106 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 decreased by 12.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 98106 in March 2024, up by 3.8% month-over-month. Of the 27 sold homes, 11% were sold under asking, 37% were sold at asking, and 52% were sold over asking.
Days on Market for 98106, WA
How long does it take to sell a home in 98106, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 12 Days | -62.6% |
Summary: Homes in 98106 had an average of 12 days on market in Mar 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 98106; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.