Is 98229, 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, 98229 has remained a Seller's Market.
Housing Prices in 98229, WA
How much do homes in 98229, WA cost?
Median Sold Price
$679,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98229 was $679,000 in March 2024, up 4.5% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $314K | $307.4K | -2.1% |
2 Bedrooms | $476K | $425K | -10.7% |
3 Bedrooms | $645K | $660K | +2.3% |
4 Bedrooms | $795K | $873.7K | +9.9% |
5+ Bedrooms | $926.2K | $795K | -14.2% |
Summary: 98229 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 14.2%.
Housing Supply in 98229, WA
How many homes are available in 98229, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 86 | +17.8% |
Summary: The 98229 real estate market had 86 homes for sale in March 2024, a 17.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 98229 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 98229 in March 2024, up by 50.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for 98229, WA
How long does it take to sell a home in 98229, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 30 Days | +4.6% |
Summary: Homes in 98229 had an average of 30 days on market in Mar 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 98229; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.