Is 98019, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98019 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 98019 was a Buyer's Market.

Key Takeaway

98019 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98019, WA

How much do homes in 98019, WA cost?

Median Sold Price

$951,554

$438/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$56,554(+6.3%)

Key Takeaway

Homes in 98019 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 98019 was $951,554 in November 2024, up 6.3% from last year, and the median price per square foot was $438.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$185K
-43.1%
2 $690K$515K
-25.4%
3 $869K$875K
+0.7%
4 $950K$990.5K
+4.3%
5+ $1.2M$1.2M
+1.5%

Summary: 98019 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.1%, 2 bedroom homes decreased by 25.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Zip Codes

98065
+12.5%
98014
+11.8%
98019
+6.3%
98272
+4.6%
98053
+3.1%

Housing Supply in 98019, WA

How many homes are available in 98019, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9370-24.7%

Summary: The 98019 real estate market had 70 homes for sale in November 2024, a 24.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 54
-20.0%
3 4234
-19.0%
4 3221
-34.4%
5+ 1311
-15.4%

Summary: The 98019 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 34.4%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3024-20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98019, expect to pay close to the asking price. 45.8% of homes here sold near the asking price last month.

Summary: A total of 24 homes were sold or pending in 98019 in November 2024, down by 20.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 46% were sold at asking, and 21% were sold over asking.

Days on Market for 98019, WA

How long does it take to sell a home in 98019, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days51 Days-5.3%

Summary: Homes in 98019 had an average of 51 days on market in Nov 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98019 has remained consistent over time.

Summary: During November 2024, 24 homes were sold in 98019; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% 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 24 Days Ago

Newest Listings in 98019, WA

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