$8,134 Closing Credit*
$684,950
1,740 SqFt
3 Beds
•3 Baths
Joanne Soderlind, Listing Office: Ideal Real Estate
Is 98031, 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, 98031 has remained a Seller's Market.
Key Takeaway
98031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98031, WA
How much do homes in 98031, WA cost?
Median Sold Price
$674,800
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,800(+3.8%)
Key Takeaway
Homes in 98031 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 98031 was $674,800 in October 2024, up 3.8% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250.4K | $425K | +69.7% |
| 2 Bedrooms | $322K | $345K | +7.1% |
| 3 Bedrooms | $609.2K | $599.9K | -1.5% |
| 4 Bedrooms | $690K | $745K | +8.0% |
| 5+ Bedrooms | $847K | $840K | -0.8% |
Summary: 98031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 98031, WA
How many homes are available in 98031, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 | 126 | +1.6% |
Summary: The 98031 real estate market had 126 homes for sale in October 2024, a 1.6% increase 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 | 17 | 18 | +5.9% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 47 | 44 | -6.4% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The 98031 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 5.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98031, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 98031 in October 2024, up by 11.1% month-over-month. Of the 30 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% were sold over asking.
Days on Market for 98031, WA
How long does it take to sell a home in 98031, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +37.5% |
Summary: Homes in 98031 had an average of 28 days on market in Oct 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 98031; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.