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 October 2023

Since last year, 98019 has remained a Seller'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

$971,475

$441/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$84,000(+9.5%)

Key Takeaway

Homes in 98019 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 98019 was $971,475 in October 2024, up 9.5% from last year, and the median price per square foot was $441.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $317.5K$185K
-41.7%
2 $690K$515K
-25.4%
3 $829K$886.4K
+6.9%
4 $969K$997.4K
+2.9%
5+ $1.2M$1.2M
+2.6%

Summary: 98019 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.7%, 2 bedroom homes decreased by 25.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Zip Codes

98014
+14.5%
98065
+10.5%
98019
+9.5%
98272
+6.9%
98053
+2.7%

Housing Supply in 98019, WA

How many homes are available in 98019, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9388-5.4%

Summary: The 98019 real estate market had 88 homes for sale in October 2024, a 5.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 4539
-13.3%
4 3331
-6.1%
5+ 1214
+16.7%

Summary: The 98019 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2426+8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98019, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 98019 in October 2024, up by 8.3% month-over-month. Of the 26 sold homes, 19% were sold under asking, 27% were sold at asking, and 54% 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

Oct 2023Oct 2024CHANGE
26 Days32 Days+24.8%

Summary: Homes in 98019 had an average of 32 days on market in Oct 2024, up by 24.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98019 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 98019; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% 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 13 Days Ago

Newest Listings in 98019, WA

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