Is 98201, 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, 98201 has remained a Seller's Market.
Housing Prices in 98201, WA
How much do homes in 98201, WA cost?
Median Sold Price
$540,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98201 was $540,000 in April 2024, up 4.9% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $334K | $317K | -5.1% |
2 Bedrooms | $459K | $450K | -2.0% |
3 Bedrooms | $530K | $562.5K | +6.1% |
4 Bedrooms | $630K | $639.9K | +1.6% |
5+ Bedrooms | $731.2K | $925K | +26.5% |
Summary: 98201 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 26.5%.
Housing Supply in 98201, WA
How many homes are available in 98201, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 73 | +30.4% |
Summary: The 98201 real estate market had 73 homes for sale in April 2024, a 30.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 17 | 30 | +76.5% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 98201 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 76.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 98201 in April 2024, down by 9.1% month-over-month. Of the 20 sold homes, 25% were sold under asking, 30% were sold at asking, and 45% were sold over asking.
Days on Market for 98201, WA
How long does it take to sell a home in 98201, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 15 Days | +20.8% |
Summary: Homes in 98201 had an average of 15 days on market in Apr 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in 98201; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.