Is 98039, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98039 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 98039 has remained a Buyer's Market.

Key Takeaway

98039 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98039, WA

How much do homes in 98039, WA cost?

Median Sold Price

$5,925,000

$1,185/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$787,500(+15.3%)

Key Takeaway

Homes in 98039 have sold for 15.3% more than they did a month ago.

Summary: The median home sold price in 98039 was $5,925,000 in November 2024, up 15.3% from last month, and the median price per square foot was $1,185.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $5.3M-
N/A
4 $4.9M$5.9M
+20.9%
5+ --
N/A

Summary: 98039 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes did not change.

Housing Supply in 98039, WA

How many homes are available in 98039, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
18180.0%

Summary: The 98039 real estate market had 18 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 97
-22.2%
5+ 810
+25.0%

Summary: The 98039 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98039, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 98039 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 98039, WA

How long does it take to sell a home in 98039, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
51 Days122 Days+139.2%

Summary: Homes in 98039 had an average of 122 days on market in Nov 2024, up by 139.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98039 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 98039; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in 98039, WA

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