Is 98239, 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, 98239 has remained a Seller's Market.
Housing Prices in 98239, WA
How much do homes in 98239, WA cost?
Median Sold Price
$600,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98239 was $600,000 in March 2024, up 2.3% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $590K | $614.9K | +4.2% |
2 Bedrooms | $500K | $489.5K | -2.1% |
3 Bedrooms | $625K | $645K | +3.2% |
4 Bedrooms | $797.5K | $657.5K | -17.6% |
5+ Bedrooms | $775K | $1.0M | +33.9% |
Summary: 98239 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 33.9%.
Median Sold Price Compared To Nearby Zip Codes
98277 | $465K | $485.8K | +4.5% |
98239 | $586.2K | $600K | +2.3% |
98253 | $745K | $712K | -4.4% |
Housing Supply in 98239, WA
How many homes are available in 98239, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 38 | +11.8% |
Summary: The 98239 real estate market had 38 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 15 | +50.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98239 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 98239 in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for 98239, WA
How long does it take to sell a home in 98239, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 42 Days | -47.0% |
Summary: Homes in 98239 had an average of 42 days on market in Mar 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 98239; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.