Is 98107, 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, 98107 has remained a Seller's Market.
Housing Prices in 98107, WA
How much do homes in 98107, WA cost?
Median Sold Price
$823,000
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98107 was $823,000 in March 2024, down 3.9% from last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $484K | $455K | -6.0% |
2 Bedrooms | $726.1K | $715K | -1.5% |
3 Bedrooms | $965K | $907K | -6.0% |
4 Bedrooms | $1.2M | $1.2M | -3.4% |
5+ Bedrooms | $1.5M | $1.5M | 0% |
Summary: 98107 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes did not change.
Housing Supply in 98107, WA
How many homes are available in 98107, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 81 | +9.5% |
Summary: The 98107 real estate market had 81 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 15 | +25.0% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 28 | 33 | +17.9% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The 98107 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 98107 in March 2024, up by 8.3% month-over-month. Of the 26 sold homes, 23% were sold under asking, 54% were sold at asking, and 23% were sold over asking.
Days on Market for 98107, WA
How long does it take to sell a home in 98107, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 22 Days | -59.3% |
Summary: Homes in 98107 had an average of 22 days on market in Mar 2024, down by 59.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 98107; 81% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.