Is 98126, 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, 98126 has remained a Seller's Market.
Housing Prices in 98126, WA
How much do homes in 98126, WA cost?
Median Sold Price
$735,000
$493/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98126 was $735,000 in April 2024, up 0.7% from last year, and the median price per square foot was $493.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $325K | -1.5% |
2 Bedrooms | $605K | $625K | +3.3% |
3 Bedrooms | $775K | $794.7K | +2.5% |
4 Bedrooms | $930K | $1.2M | +36.8% |
5+ Bedrooms | $1.2M | $1.3M | +4.4% |
Summary: 98126 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in 98126, WA
How many homes are available in 98126, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 86 | +21.1% |
Summary: The 98126 real estate market had 86 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 30 | 36 | +20.0% |
3 Bedrooms | 20 | 28 | +40.0% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 98126 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 98126 in April 2024, up by 11.1% month-over-month. Of the 30 sold homes, 20% were sold under asking, 33% were sold at asking, and 47% were sold over asking.
Days on Market for 98126, WA
How long does it take to sell a home in 98126, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 8 Days | -50.3% |
Summary: Homes in 98126 had an average of 8 days on market in Apr 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in 98126; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.