$7,832 Closing Credit*
$659,500
5,820 SqFt
3 Beds
•2 Full Baths
David R Knight, Listing Office: KW Mountains to Sound Realty
Is 98022, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 98022 has remained a Seller's Market.
Key Takeaway
98022 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98022, WA
How much do homes in 98022, WA cost?
Median Sold Price
$649,987
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,487(+0.2%)
Key Takeaway
The sold price of homes in 98022 has remained the same since last year.
Summary: The median home sold price in 98022 was $649,987 in October 2024, up 0.2% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $538.7K | $424.2K | -21.3% |
| 2 Bedrooms | $449.9K | $507.5K | +12.8% |
| 3 Bedrooms | $640K | $615K | -3.9% |
| 4 Bedrooms | $710K | $749.9K | +5.6% |
| 5+ Bedrooms | $770K | $774.9K | +0.6% |
Summary: 98022 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Zip Codes
| 98010 | $798.5K | $835K | +4.6% |
| 98022 | $648.5K | $649.9K | 0.2% |
Housing Supply in 98022, WA
How many homes are available in 98022, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 90 | -12.6% |
Summary: The 98022 real estate market had 90 homes for sale in October 2024, a 12.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 49 | 39 | -20.4% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 98022 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 decreased by 5%, 3 bedroom homes decreased by 20.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98022, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 98022 in October 2024, down by 13.8% month-over-month. Of the 25 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% were sold over asking.
Days on Market for 98022, WA
How long does it take to sell a home in 98022, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 27 Days | -62.7% |
Summary: Homes in 98022 had an average of 27 days on market in Oct 2024, down by 62.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 98022 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 98022; 60% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 4% 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.