Is 98208, 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, 98208 has remained a Seller's Market.
Housing Prices in 98208, WA
How much do homes in 98208, WA cost?
Median Sold Price
$674,375
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98208 was $674,375 in March 2024, down 8% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.5K | $305K | +25.8% |
2 Bedrooms | $465K | $514.9K | +10.8% |
3 Bedrooms | $699K | $644.9K | -7.7% |
4 Bedrooms | $800K | $843K | +5.4% |
5+ Bedrooms | $987.4K | $922.5K | -6.6% |
Summary: 98208 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in 98208, WA
How many homes are available in 98208, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 117 | +13.6% |
Summary: The 98208 real estate market had 117 homes for sale in March 2024, a 13.6% 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 | 18 | +38.5% |
3 Bedrooms | 52 | 62 | +19.2% |
4 Bedrooms | 31 | 26 | -16.1% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 98208 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 38.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 36 | -7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 98208 in March 2024, down by 7.7% month-over-month. Of the 36 sold homes, 14% were sold under asking, 19% were sold at asking, and 67% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 12 Days | -63.6% |
Summary: Homes in 98208 had an average of 12 days on market in Mar 2024, down by 63.6% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 98208; 92% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.