Is 98115, 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, 98115 has remained a Seller's Market.
Housing Prices in 98115, WA
How much do homes in 98115, WA cost?
Median Sold Price
$992,250
$583/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98115 was $992,250 in March 2024, up 5.3% from last year, and the median price per square foot was $583.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $402.2K | $370K | -8.0% |
2 Bedrooms | $745K | $720K | -3.4% |
3 Bedrooms | $989.9K | $1.0M | +2.0% |
4 Bedrooms | $1.3M | $1.3M | +1.9% |
5+ Bedrooms | $1.5M | $1.9M | +22.4% |
Summary: 98115 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 22.4%.
Housing Supply in 98115, WA
How many homes are available in 98115, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 200 | +20.5% |
Summary: The 98115 real estate market had 200 homes for sale in March 2024, a 20.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 10 | -9.1% |
2 Bedrooms | 45 | 66 | +46.7% |
3 Bedrooms | 44 | 59 | +34.1% |
4 Bedrooms | 45 | 47 | +4.4% |
5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The 98115 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 63 | +21.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in 98115 in March 2024, up by 21.2% month-over-month. Of the 63 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for 98115, WA
How long does it take to sell a home in 98115, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 17 Days | -48.1% |
Summary: Homes in 98115 had an average of 17 days on market in Mar 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in 98115; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.