Is 98230, 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, 98230 has remained a Seller's Market.
Housing Prices in 98230, WA
How much do homes in 98230, WA cost?
Median Sold Price
$515,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98230 was $515,000 in March 2024, down 3.2% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $222.5K | +1.1% |
2 Bedrooms | $395K | $389.5K | -1.4% |
3 Bedrooms | $535K | $534K | -0.2% |
4 Bedrooms | $660.6K | $645K | -2.4% |
5+ Bedrooms | $822.2K | $770K | -6.4% |
Summary: 98230 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in 98230, WA
How many homes are available in 98230, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 120 | +17.6% |
Summary: The 98230 real estate market had 120 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 50 | 61 | +22.0% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 98230 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 98230 in March 2024, up by 55.0% month-over-month. Of the 31 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% were sold over asking.
Days on Market for 98230, WA
How long does it take to sell a home in 98230, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 53 Days | -25.2% |
Summary: Homes in 98230 had an average of 53 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 98230; 55% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.