Is 98036, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98036 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98036 has remained a Seller's Market.

Key Takeaway

98036 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98036, WA

How much do homes in 98036, WA cost?

Median Sold Price

$832,400

$465/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,400(+6.7%)

Key Takeaway

Homes in 98036 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 98036 was $832,400 in October 2024, up 6.7% from last year, and the median price per square foot was $465.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $266.5K$206.7K
-22.4%
2 $352K$425K
+20.7%
3 $730K$770K
+5.5%
4 $900K$1.0M
+15.3%
5+ $1.1M$1.2M
+16.8%

Summary: 98036 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 16.8%.

Median Sold Price Compared To Nearby Zip Codes

98026
+22.8%
98037
+10.1%
98036
+6.7%
98043
+3.6%
98021
-3.2%

Housing Supply in 98036, WA

How many homes are available in 98036, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
113108-4.4%

Summary: The 98036 real estate market had 108 homes for sale in October 2024, a 4.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 53
-40.0%
2 1921
+10.5%
3 3541
+17.1%
4 3425
-26.5%
5+ 2018
-10.0%

Summary: The 98036 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3928-28.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98036, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in 98036 in October 2024, down by 28.2% month-over-month. Of the 28 sold homes, 29% were sold under asking, 32% were sold at asking, and 39% were sold over asking.

Days on Market for 98036, WA

How long does it take to sell a home in 98036, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days31 Days+34.7%

Summary: Homes in 98036 had an average of 31 days on market in Oct 2024, up by 34.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98036 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 98036; 61% of homes were sold within 30 days, 29% 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 22 Days Ago

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