$3,195,000
4,222 SqFt
5 Beds
•1 Full Bath, 1 Partial
Adam E. Cobb, Listing Office: Windermere Real Estate GH LLC
Is 98020, 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, 98020 has remained a Seller's Market.
Key Takeaway
98020 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98020, WA
How much do homes in 98020, WA cost?
Median Sold Price
$1,070,000
$577/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$95,000(+9.7%)
Key Takeaway
Homes in 98020 have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in 98020 was $1,070,000 in November 2024, up 9.7% from last year, and the median price per square foot was $577.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $555K | $833.6K | +50.2% |
| 2 Bedrooms | $797.5K | $790K | -0.9% |
| 3 Bedrooms | $1.0M | $1.0M | 0.0% |
| 4 Bedrooms | $1.2M | $1.4M | +13.3% |
| 5+ Bedrooms | $1.6M | $1.7M | +2.4% |
Summary: 98020 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.2%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in 98020, WA
How many homes are available in 98020, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 71 | -17.4% |
Summary: The 98020 real estate market had 71 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 24 | 24 | 0.0% |
| 3 Bedrooms | 27 | 18 | -33.3% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The 98020 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 22 | -40.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98020, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 98020 in November 2024, down by 40.5% month-over-month. Of the 22 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.
Days on Market for 98020, WA
How long does it take to sell a home in 98020, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +14.3% |
Summary: Homes in 98020 had an average of 25 days on market in Nov 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98020 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 98020; 82% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 14% 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.