Is 98110, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98110 has remained a Seller's Market.
Housing Prices in 98110, WA
How much do homes in 98110, WA cost?
Median Sold Price
$1,200,000
$554/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98110 was $1,200,000 in April 2024, down 4% from last year, and the median price per square foot was $554.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $591K | $604.5K | +2.3% |
2 Bedrooms | $925K | $989.5K | +7.0% |
3 Bedrooms | $1.2M | $1.2M | -0.9% |
4 Bedrooms | $1.5M | $1.6M | +6.1% |
5+ Bedrooms | $2.2M | $1.7M | -19.2% |
Summary: 98110 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 19.2%.
Housing Supply in 98110, WA
How many homes are available in 98110, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 113 | +46.8% |
Summary: The 98110 real estate market had 113 homes for sale in April 2024, a 46.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 21 | 29 | +38.1% |
3 Bedrooms | 34 | 53 | +55.9% |
4 Bedrooms | 12 | 23 | +91.7% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 98110 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 55.9%, 4 bedroom homes increased by 91.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 30 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 98110 in April 2024, up by 66.7% month-over-month. Of the 30 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% were sold over asking.
Days on Market for 98110, WA
How long does it take to sell a home in 98110, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 28 Days | -40.6% |
Summary: Homes in 98110 had an average of 28 days on market in Apr 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in 98110; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.