Is 98221, 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, 98221 has remained a Seller's Market.
Housing Prices in 98221, WA
How much do homes in 98221, WA cost?
Median Sold Price
$730,333
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98221 was $730,333 in April 2024, down 2.6% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $525K | $371.5K | -29.2% |
2 Bedrooms | $555.5K | $501K | -9.8% |
3 Bedrooms | $740K | $668.7K | -9.6% |
4 Bedrooms | $900K | $859.5K | -4.5% |
5+ Bedrooms | $1.0M | $983K | -8.6% |
Summary: 98221 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in 98221, WA
How many homes are available in 98221, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 130 | +31.3% |
Summary: The 98221 real estate market had 130 homes for sale in April 2024, a 31.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 27 | 36 | +33.3% |
3 Bedrooms | 39 | 61 | +56.4% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 98221 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 56.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 26 | +62.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 98221 in April 2024, up by 62.5% month-over-month. Of the 26 sold homes, 54% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for 98221, WA
How long does it take to sell a home in 98221, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 61 Days | +75.4% |
Summary: Homes in 98221 had an average of 61 days on market in Apr 2024, up by 75.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 98221; 58% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.