Is 98108, 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, 98108 has remained a Seller's Market.
Housing Prices in 98108, WA
How much do homes in 98108, WA cost?
Median Sold Price
$661,500
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98108 was $661,500 in March 2024, down 5.5% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $412.5K | $225K | -45.5% |
2 Bedrooms | $654.6K | $580K | -11.4% |
3 Bedrooms | $700K | $680K | -2.9% |
4 Bedrooms | $825K | $720K | -12.7% |
5+ Bedrooms | $937.4K | $905K | -3.5% |
Summary: 98108 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.5%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in 98108, WA
How many homes are available in 98108, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 57 | -17.4% |
Summary: The 98108 real estate market had 57 homes for sale in March 2024, a 17.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 25 | 17 | -32.0% |
3 Bedrooms | 25 | 23 | -8.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 98108 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 32%, 3 bedroom homes decreased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 18 | -25.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 98108 in March 2024, down by 25.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for 98108, WA
How long does it take to sell a home in 98108, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 40 Days | +3.4% |
Summary: Homes in 98108 had an average of 40 days on market in Mar 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 98108; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.