Is 98021, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98021 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98021 has remained a Seller's Market.

Key Takeaway

98021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98021, WA

How much do homes in 98021, WA cost?

Median Sold Price

$1,155,333

$511/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$38,027(-3.2%)

Key Takeaway

Homes in 98021 have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in 98021 was $1,155,333 in October 2024, down 3.2% from last year, and the median price per square foot was $511.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $375K$345K
-8.0%
2 $540K$460K
-14.8%
3 $795.5K$890K
+11.9%
4 $1.2M$1.2M
+3.2%
5+ $1.4M$1.4M
+2.8%

Summary: 98021 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

98012
+10.9%
98072
+9.3%
98036
+6.7%
98021
-3.2%

Housing Supply in 98021, WA

How many homes are available in 98021, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103121+17.5%

Summary: The 98021 real estate market had 121 homes for sale in October 2024, a 17.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1519
+26.7%
3 2934
+17.2%
4 3943
+10.3%
5+ 1722
+29.4%

Summary: The 98021 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3332-3.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98021, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 98021 in October 2024, down by 3.0% month-over-month. Of the 32 sold homes, 34% were sold under asking, 19% were sold at asking, and 47% were sold over asking.

Days on Market for 98021, WA

How long does it take to sell a home in 98021, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days24 Days+83.7%

Summary: Homes in 98021 had an average of 24 days on market in Oct 2024, up by 83.7% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98021 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 98021; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% 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

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