Is 98109, 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, 98109 has remained a Seller's Market.
Housing Prices in 98109, WA
How much do homes in 98109, WA cost?
Median Sold Price
$895,000
$672/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98109 was $895,000 in March 2024, up 11.6% from last year, and the median price per square foot was $672.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $442.5K | +7.9% |
2 Bedrooms | $745K | $798.9K | +7.2% |
3 Bedrooms | $1.3M | $1.2M | -3.0% |
4 Bedrooms | $1.6M | $1.6M | -2.7% |
5+ Bedrooms | $1.7M | $1.7M | -3.9% |
Summary: 98109 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 98109, WA
How many homes are available in 98109, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 110 | +8.9% |
Summary: The 98109 real estate market had 110 homes for sale in March 2024, a 8.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 46 | 44 | -4.3% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The 98109 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 31 | +10.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 98109 in March 2024, up by 10.7% month-over-month. Of the 31 sold homes, 42% were sold under asking, 55% were sold at asking, and 3% were sold over asking.
Days on Market for 98109, WA
How long does it take to sell a home in 98109, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 32 Days | -34.7% |
Summary: Homes in 98109 had an average of 32 days on market in Mar 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 98109; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.