Is 98122, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, 98122 has remained a Seller's Market.
Key Takeaway
98122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in 98122, WA cost?
Median Sold Price
$876,237
$645/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$50,000(+6.1%)
Key Takeaway
Homes in 98122 have sold for 6.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $402K | $446K | +10.9% |
| 2 Bedrooms | $739.9K | $734.9K | -0.7% |
| 3 Bedrooms | $956.2K | $1.0M | +9.3% |
| 4 Bedrooms | $1.3M | $1.4M | +5.9% |
| 5+ Bedrooms | $1.6M | $1.6M | 0.0% |
How many homes are available in 98122, WA?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 87 | 106 | +21.8% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 15 | 17 | +13.3% |
| 2 Bedrooms | 27 | 34 | +25.9% |
| 3 Bedrooms | 28 | 42 | +50.0% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 16 | 25 | +56.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98122, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 24 Days | 42 Days | +72.2% |
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98122 are selling fast, if you're buying plan to act quickly.
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 © 2023 Northwest MLS. All rights reserved.