Is 98208, 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, 98208 has remained a Seller's Market.
Housing Prices in 98208, WA
How much do homes in 98208, WA cost?
Median Sold Price
$685,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98208 was $685,000 in April 2024, down 4.7% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.5K | $305K | +25.8% |
2 Bedrooms | $437.5K | $519.9K | +18.9% |
3 Bedrooms | $675.6K | $654.5K | -3.1% |
4 Bedrooms | $798K | $845K | +5.9% |
5+ Bedrooms | $889.9K | $935K | +5.1% |
Summary: 98208 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 18.9%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 98208, WA
How many homes are available in 98208, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 135 | +14.4% |
Summary: The 98208 real estate market had 135 homes for sale in April 2024, a 14.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 65 | 78 | +20.0% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The 98208 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 decreased by 5.6%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 54 | +42.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in 98208 in April 2024, up by 42.1% month-over-month. Of the 54 sold homes, 20% were sold under asking, 20% were sold at asking, and 59% were sold over asking.
Days on Market for 98208, WA
How long does it take to sell a home in 98208, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 26 Days | -29.8% |
Summary: Homes in 98208 had an average of 26 days on market in Apr 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in 98208; 85% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.