Is 98204, 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, 98204 has remained a Seller's Market.
Housing Prices in 98204, WA
How much do homes in 98204, WA cost?
Median Sold Price
$515,000
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98204 was $515,000 in April 2024, up 5.1% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.4K | $260K | -0.9% |
2 Bedrooms | $350K | $350K | 0.0% |
3 Bedrooms | $531.2K | $614.9K | +15.8% |
4 Bedrooms | $689.9K | $689.9K | 0% |
5+ Bedrooms | $709.9K | $697.5K | -1.8% |
Summary: 98204 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 15.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 98204, WA
How many homes are available in 98204, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 122 | +43.5% |
Summary: The 98204 real estate market had 122 homes for sale in April 2024, a 43.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 26 | 38 | +46.2% |
3 Bedrooms | 31 | 52 | +67.7% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 98204 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 67.7%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 43 | +230.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 98204 in April 2024, up by 230.8% month-over-month. Of the 43 sold homes, 16% were sold under asking, 37% were sold at asking, and 47% were sold over asking.
Days on Market for 98204, WA
How long does it take to sell a home in 98204, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 18 Days | -18.5% |
Summary: Homes in 98204 had an average of 18 days on market in Apr 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
40 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, 43 homes were sold in 98204; 93% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.