Is 98203, 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, 98203 has remained a Seller's Market.
Housing Prices in 98203, WA
How much do homes in 98203, WA cost?
Median Sold Price
$586,333
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98203 was $586,333 in March 2024, down 2.3% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $389K | $275K | -29.3% |
2 Bedrooms | $427K | $440K | +3.0% |
3 Bedrooms | $580K | $592.5K | +2.2% |
4 Bedrooms | $719.9K | $750K | +4.2% |
5+ Bedrooms | $862.5K | $872.5K | +1.2% |
Summary: 98203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 98203, WA
How many homes are available in 98203, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 77 | +18.5% |
Summary: The 98203 real estate market had 77 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 18 | 26 | +44.4% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The 98203 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 98203 in March 2024, up by 27.3% month-over-month. Of the 28 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.
Days on Market for 98203, WA
How long does it take to sell a home in 98203, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 31 Days | -33.6% |
Summary: Homes in 98203 had an average of 31 days on market in Mar 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 98203; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.