$10,000 Closing Credit*
$849,995
1,551 SqFt
3 Beds
•1 Full Bath
Kara Visser, Listing Office: Pacific Ridge - DRH, LLC
Is 98012, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 98012 has remained a Seller's Market.
Key Takeaway
98012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98012, WA
How much do homes in 98012, WA cost?
Median Sold Price
$1,001,399
$475/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,999(+9.0%)
Key Takeaway
Homes in 98012 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 98012 was $1,001,399 in November 2024, up 9% from last year, and the median price per square foot was $475.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $330K | +1.5% |
| 2 Bedrooms | $557K | $602.5K | +8.2% |
| 3 Bedrooms | $825K | $854.9K | +3.6% |
| 4 Bedrooms | $999.9K | $1.1M | +18.2% |
| 5+ Bedrooms | $1.2M | $1.3M | +9.5% |
Summary: 98012 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 98012, WA
How many homes are available in 98012, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 234 | 198 | -15.4% |
Summary: The 98012 real estate market had 198 homes for sale in November 2024, a 15.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 34 | 30 | -11.8% |
| 3 Bedrooms | 93 | 88 | -5.4% |
| 4 Bedrooms | 72 | 55 | -23.6% |
| 5+ Bedrooms | 35 | 24 | -31.4% |
Summary: The 98012 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 23.6%, and 5+ bedroom homes decreased by 31.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 50 | -40.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98012, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 98012 in November 2024, down by 40.5% month-over-month. Of the 50 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for 98012, WA
How long does it take to sell a home in 98012, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 34 Days | +54.7% |
Summary: Homes in 98012 had an average of 34 days on market in Nov 2024, up by 54.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98012 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 50 homes were sold in 98012; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.