Is 99118, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99118 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 99118 was a Neutral Market.

Key Takeaway

99118 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 99118, WA

How much do homes in 99118, WA cost?

Median Sold Price

$680,000

$401/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$470,000(-40.9%)

Key Takeaway

Homes in 99118 have sold for 40.9% less than they did a month ago.

Summary: The median home sold price in 99118 was $680,000 in March 2024, down 40.9% from last month, and the median price per square foot was $401.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.1M$680K
-40.9%
4 --
N/A
5+ --
N/A

Summary: 99118 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 40.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 99118, WA

How many homes are available in 99118, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
79+28.6%

Summary: The 99118 real estate market had 9 homes for sale in March 2024, a 28.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 02
+100.0%
2 33
0.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 99118 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99118, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 99118 in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 99118, WA

How long does it take to sell a home in 99118, WA?

Average Sale Time

Feb 2024Mar 2024CHANGE
95 Days11 Days-88.4%

Summary: Homes in 99118 had an average of 11 days on market in Mar 2024, down by 88.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99118 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in 99118; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in 99118, WA

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