Is 98226, 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, 98226 has remained a Seller's Market.
Housing Prices in 98226, WA
How much do homes in 98226, WA cost?
Median Sold Price
$582,125
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98226 was $582,125 in March 2024, down 4.3% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318.5K | $315.5K | -0.9% |
2 Bedrooms | $420K | $426.1K | +1.5% |
3 Bedrooms | $638.5K | $607.5K | -4.9% |
4 Bedrooms | $818K | $810K | -1.0% |
5+ Bedrooms | $875K | $908K | +3.8% |
Summary: 98226 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 98226, WA
How many homes are available in 98226, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 122 | +18.4% |
Summary: The 98226 real estate market had 122 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 28 | 37 | +32.1% |
3 Bedrooms | 41 | 48 | +17.1% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 98226 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 39 | +30.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 98226 in March 2024, up by 30.0% month-over-month. Of the 39 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% were sold over asking.
Days on Market for 98226, WA
How long does it take to sell a home in 98226, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 30 Days | -54.2% |
Summary: Homes in 98226 had an average of 30 days on market in Mar 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in 98226; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.