Is 98119, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98119 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 98119 has remained a Seller's Market.

Key Takeaway

98119 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 98119, WA cost?

Median Sold Price

$920,000

$693/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

-$17,737(-1.9%)

Key Takeaway

Homes in 98119 have sold for 1.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $403K$425K
+5.5%
2 $607.5K$641.2K
+5.6%
3 $1.1M$1.2M
+5.1%
4 $1.5M$1.6M
+7.4%
5+ $2.0M$2.0M
-1.4%

Median Sold Price Compared To Nearby Zip Codes

98107
+11.3%
98199
+10.5%
98109
+7.5%
98103
+4.6%
98119
-1.9%

How many homes are available in 98119, WA?

Number of Homes For Sale

Jan 2023Feb 2023%
5464+18.5%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 58
+60.0%
2 1819
+5.6%
3 1924
+26.3%
4 911
+22.2%
5+ 32
-33.3%

Number of Homes Sold

Jan 2023Feb 2023%
911+22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98119, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
34 Days48 Days+40.9%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98119 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 98119, WA

98119, WA has 64 homes for sale to choose from. The inventory of homes for sale in 98119, WA between January 2023 and February 2023 increased by 18.5%. The median list price of listings available in February 2023 was $920,000, while the average time on the real estate market was 48 days. Real estate listing prices changed between January 2023 and February 2023: 1 bedroom properties became 5.5% more expensive, 2 bedrooms properties became 5.6% more expensive, 3 bedrooms properties prices increased by 5.1%, 4 bedrooms properties became 7.4% more expensive, prices of 5 bedrooms properties went down by 1.4%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 60%, volume of 2 bedrooms homes went up by 5.6%, the quantity of 3 bedrooms homes went up by 26.3%, volume of 4 bedrooms homes went up by 22.2%, number of 5 bedrooms homes decreased by 33.3%. In February 2023, from all listings sold in 98119, WA there were more than 5 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price.