Is 98030, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98030 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 98030 has remained a Seller's Market.

Key Takeaway

98030 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98030, WA

How much do homes in 98030, WA cost?

Median Sold Price

$641,500

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$41,500(+6.9%)

Key Takeaway

Homes in 98030 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 98030 was $641,500 in November 2024, up 6.9% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $249.9K$244.8K
-2.0%
2 $300K$334K
+11.3%
3 $582.5K$620K
+6.4%
4 $717K$749.9K
+4.6%
5+ $819.9K$774.5K
-5.5%

Summary: 98030 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

98042
+10.0%
98002
+7.1%
98030
+6.9%
98031
+3.8%
98032
-1.0%

Housing Supply in 98030, WA

How many homes are available in 98030, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11189-19.8%

Summary: The 98030 real estate market had 89 homes for sale in November 2024, a 19.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1815
-16.7%
3 4434
-22.7%
4 3730
-18.9%
5+ 108
-20.0%

Summary: The 98030 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2927-6.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98030, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 98030 in November 2024, down by 6.9% month-over-month. Of the 27 sold homes, 44% were sold under asking, 19% were sold at asking, and 37% were sold over asking.

Days on Market for 98030, WA

How long does it take to sell a home in 98030, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days41 Days+51.7%

Summary: Homes in 98030 had an average of 41 days on market in Nov 2024, up by 51.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98030 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in 98030; 52% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% 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 24 Days Ago

Newest Listings in 98030, WA

Nearby Markets to 98030, WA