Is 98229, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98229 has remained a Seller's Market.
Housing Prices in 98229, WA
How much do homes in 98229, WA cost?
Median Sold Price
$676,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98229 was $676,000 in April 2024, up 4% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312K | $315K | +1.0% |
2 Bedrooms | $450K | $448.7K | -0.3% |
3 Bedrooms | $645.7K | $658.5K | +2.0% |
4 Bedrooms | $815K | $877K | +7.6% |
5+ Bedrooms | $926.2K | $795K | -14.2% |
Summary: 98229 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 14.2%.
Housing Supply in 98229, WA
How many homes are available in 98229, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 127 | +49.4% |
Summary: The 98229 real estate market had 127 homes for sale in April 2024, a 49.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 12 | 24 | +100.0% |
3 Bedrooms | 41 | 58 | +41.5% |
4 Bedrooms | 25 | 34 | +36.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 98229 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 41.5%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 33 | +32.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 98229 in April 2024, up by 32.0% month-over-month. Of the 33 sold homes, 30% were sold under asking, 33% were sold at asking, and 36% were sold over asking.
Days on Market for 98229, WA
How long does it take to sell a home in 98229, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 13 Days | -67.3% |
Summary: Homes in 98229 had an average of 13 days on market in Apr 2024, down by 67.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in 98229; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.