Is 98112, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 98112 was a Seller's Market.
Key Takeaway
98112 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 98112, WA
How much do homes in 98112, WA cost?
Median Sold Price
$1,256,750
$676/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 98112 have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in 98112 was $1,256,750 in April 2024, up 0.5% from last year, and the median price per square foot was $676.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $515K | $506K | -1.7% |
| 2 Bedrooms | $835K | $766.7K | -8.2% |
| 3 Bedrooms | $1.2M | $1.2M | +3.6% |
| 4 Bedrooms | $1.9M | $2.1M | +7.1% |
| 5+ Bedrooms | $2.5M | $2.7M | +9.6% |
Summary: 98112 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in 98112, WA
How many homes are available in 98112, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 86 | +28.4% |
Summary: The 98112 real estate market had 86 homes for sale in April 2024, a 28.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 18 | 26 | +44.4% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 98112 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 13 | -55.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98112, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 98112 in April 2024, down by 55.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for 98112, WA
How long does it take to sell a home in 98112, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 15 Days | -8.9% |
Summary: Homes in 98112 had an average of 15 days on market in Apr 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98112 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in 98112; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.