Is 98146, 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, 98146 has remained a Seller's Market.
Housing Prices in 98146, WA
How much do homes in 98146, WA cost?
Median Sold Price
$725,000
$437/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98146 was $725,000 in March 2024, up 6.9% from last year, and the median price per square foot was $437.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $244.9K | $405K | +65.3% |
2 Bedrooms | $485K | $560K | +15.5% |
3 Bedrooms | $679K | $690K | +1.6% |
4 Bedrooms | $777.5K | $855.4K | +10.0% |
5+ Bedrooms | $875K | $941.9K | +7.7% |
Summary: 98146 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.3%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 98146, WA
How many homes are available in 98146, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 90 | +3.4% |
Summary: The 98146 real estate market had 90 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 13 | 21 | +61.5% |
3 Bedrooms | 34 | 31 | -8.8% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The 98146 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 61.5%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 29 | -3.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 98146 in March 2024, down by 3.3% month-over-month. Of the 29 sold homes, 28% were sold under asking, 59% were sold at asking, and 14% were sold over asking.
Days on Market for 98146, WA
How long does it take to sell a home in 98146, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 37 Days | -2.5% |
Summary: Homes in 98146 had an average of 37 days on market in Mar 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 98146; 48% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.