Is 98026, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98026 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98026 has remained a Seller's Market.

Key Takeaway

98026 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98026, WA

How much do homes in 98026, WA cost?

Median Sold Price

$909,270

$438/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$169,061(+22.8%)

Key Takeaway

Homes in 98026 have sold for 22.8% more than they did a year ago.

Summary: The median home sold price in 98026 was $909,270 in October 2024, up 22.8% from last year, and the median price per square foot was $438.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $307K$335.5K
+9.3%
2 $442K$500K
+13.1%
3 $716K$790K
+10.3%
4 $920K$1.0M
+16.8%
5+ $1.1M$1.3M
+15.2%

Summary: 98026 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 15.2%.

Median Sold Price Compared To Nearby Zip Codes

98026
+22.8%
98037
+10.1%
98020
+7.6%
98036
+6.7%
98043
+3.6%

Housing Supply in 98026, WA

How many homes are available in 98026, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
161151-6.2%

Summary: The 98026 real estate market had 151 homes for sale in October 2024, a 6.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 42
-50.0%
2 2330
+30.4%
3 5145
-11.8%
4 5553
-3.6%
5+ 2821
-25.0%

Summary: The 98026 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 30.4%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5146-9.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98026, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 98026 in October 2024, down by 9.8% month-over-month. Of the 46 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% were sold over asking.

Days on Market for 98026, WA

How long does it take to sell a home in 98026, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days29 Days+96.2%

Summary: Homes in 98026 had an average of 29 days on market in Oct 2024, up by 96.2% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98026 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in 98026; 59% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 4% 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 11 Days Ago

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