$10,000 Closing Credit*
$1,055,000
2,350 SqFt
3 Beds
•2 Full Baths, 1 Partial
Siobhan Bottem, Listing Office: John L. Scott, Inc.
Is 98038, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 98038 has remained a Seller's Market.
Key Takeaway
98038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98038, WA
How much do homes in 98038, WA cost?
Median Sold Price
$789,583
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,750(+6.0%)
Key Takeaway
Homes in 98038 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 98038 was $789,583 in November 2024, up 6% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $553K | +17.7% |
| 2 Bedrooms | $484.6K | $490K | +1.1% |
| 3 Bedrooms | $674.5K | $720K | +6.7% |
| 4 Bedrooms | $825K | $895K | +8.5% |
| 5+ Bedrooms | $850K | $1.1M | +32.1% |
Summary: 98038 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 32.1%.
Housing Supply in 98038, WA
How many homes are available in 98038, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 93 | -22.5% |
Summary: The 98038 real estate market had 93 homes for sale in November 2024, a 22.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 46 | 33 | -28.3% |
| 4 Bedrooms | 44 | 36 | -18.2% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The 98038 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 28.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98038, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 98038 in November 2024, down by 2.9% month-over-month. Of the 33 sold homes, 42% were sold under asking, 33% were sold at asking, and 24% were sold over asking.
Days on Market for 98038, WA
How long does it take to sell a home in 98038, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 37 Days | +41.5% |
Summary: Homes in 98038 had an average of 37 days on market in Nov 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98038 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in 98038; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% 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.