Is 98010, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98010 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 98010 has remained a Seller's Market.

Key Takeaway

98010 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98010, WA

How much do homes in 98010, WA cost?

Median Sold Price

$808,000

$353/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,495(-1.8%)

Key Takeaway

Homes in 98010 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 98010 was $808,000 in November 2024, down 1.8% from last year, and the median price per square foot was $353.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K$412.5K
+44.7%
2 $694.9K$762.6K
+9.7%
3 $659.9K$697.4K
+5.7%
4 $882.4K$850K
-3.7%
5+ $932.5K$1.0M
+13.9%

Summary: 98010 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Zip Codes

98042
+10.0%
98038
+6.0%
98010
-1.8%
98092
-3.8%
98051
-17.4%

Housing Supply in 98010, WA

How many homes are available in 98010, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5747-17.5%

Summary: The 98010 real estate market had 47 homes for sale in November 2024, a 17.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2321
-8.7%
3 1914
-26.3%
4 95
-44.4%
5+ 67
+16.7%

Summary: The 98010 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98010, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 98010 in November 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.

Days on Market for 98010, WA

How long does it take to sell a home in 98010, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days74 Days+35.2%

Summary: Homes in 98010 had an average of 74 days on market in Nov 2024, up by 35.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98010 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in 98010; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% 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 23 Days Ago

Newest Listings in 98010, WA

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