Is 98125, 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, 98125 has remained a Seller's Market.
Housing Prices in 98125, WA
How much do homes in 98125, WA cost?
Median Sold Price
$760,000
$485/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98125 was $760,000 in April 2024, down 1.6% from last year, and the median price per square foot was $485.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $307K | +13.7% |
2 Bedrooms | $595K | $610K | +2.5% |
3 Bedrooms | $779K | $750K | -3.7% |
4 Bedrooms | $997.5K | $1.0M | +2.8% |
5+ Bedrooms | $1.0M | $1.0M | -2.9% |
Summary: 98125 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 98125, WA
How many homes are available in 98125, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 144 | +46.9% |
Summary: The 98125 real estate market had 144 homes for sale in April 2024, a 46.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 11 | +175.0% |
2 Bedrooms | 38 | 47 | +23.7% |
3 Bedrooms | 29 | 41 | +41.4% |
4 Bedrooms | 20 | 31 | +55.0% |
5+ Bedrooms | 7 | 14 | +100.0% |
Summary: The 98125 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 175%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 41.4%, 4 bedroom homes increased by 55%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 48 | +118.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in 98125 in April 2024, up by 118.2% month-over-month. Of the 48 sold homes, 25% were sold under asking, 27% were sold at asking, and 48% were sold over asking.
Days on Market for 98125, WA
How long does it take to sell a home in 98125, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 20 Days | +9.7% |
Summary: Homes in 98125 had an average of 20 days on market in Apr 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in 98125; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.