Is 99217, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99217 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 99217 has remained a Seller's Market.

Key Takeaway

99217 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 99217, WA cost?

Median Sold Price

$369,950

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$4,950(+1.4%)

Key Takeaway

Homes in 99217 have sold for 1.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $170K$226.6K
+33.3%
2 $232.5K$280K
+20.4%
3 $360K$365K
+1.4%
4 $405K$390K
-3.7%
5+ $542.5K$627K
+15.6%

Median Sold Price Compared To Nearby Zip Codes

99207
+12.7%
99216
+6.8%
99212
+5.6%
99218
+4.5%
99217
+1.4%

How many homes are available in 99217, WA?

Number of Homes For Sale

Jan 2023Feb 2023%
54540.0%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 21
-50.0%
2 88
0.0%
3 1713
-23.5%
4 2023
+15.0%
5+ 79
+28.6%

Number of Homes Sold

Jan 2023Feb 2023%
14140.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99217, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
8 Days52 Days+483.7%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99217 are selling fast, if you're buying plan to act quickly.

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

About 99217, WA

Homes for sale in 99217, WA have reached 54. While the average time on the market in February 2023 was 52 days, the median list price was $369,950. Listing prices have changed in this real estate market between January 2023 and February 2023: 1 bedroom properties prices increased by 33.3%, the cost of 2 bedrooms properties went up by 20.4%, 3 bedrooms properties became 1.4% more expensive, 4 bedrooms properties became 3.7% more cheaper, prices of 5 bedrooms properties went up by 15.6%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 50%, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 23.5% less available, volume of 4 bedrooms homes went up by 15%, volume of 5 bedrooms homes went up by 28.6%. In February 2023 more than 3 listings in 99217, WA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 6 were sold below.