Is 98403, 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, 98403 has remained a Seller's Market.
Housing Prices in 98403, WA
How much do homes in 98403, WA cost?
Median Sold Price
$695,000
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98403 was $695,000 in March 2024, up 4.5% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395.5K | $279K | -29.5% |
2 Bedrooms | $505K | $525K | +4.0% |
3 Bedrooms | $675K | $731K | +8.3% |
4 Bedrooms | $900K | $999.9K | +11.1% |
5+ Bedrooms | $910K | $1.4M | +55.8% |
Summary: 98403 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 55.8%.
Housing Supply in 98403, WA
How many homes are available in 98403, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Summary: The 98403 real estate market had 23 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 11 | 8 | -27.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 98403 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 25%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 98403 in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 98403, WA
How long does it take to sell a home in 98403, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 175 Days | +1087.8% |
Summary: Homes in 98403 had an average of 175 days on market in Mar 2024, up by 1087.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 98403; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.