Is 98043, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98043 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 98043 has remained a Seller's Market.

Key Takeaway

98043 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98043, WA

How much do homes in 98043, WA cost?

Median Sold Price

$650,000

$468/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+2.4%)

Key Takeaway

Homes in 98043 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 98043 was $650,000 in November 2024, up 2.4% from last year, and the median price per square foot was $468.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $323.5K$332.2K
+2.7%
2 $460K$456.2K
-0.8%
3 $645K$675K
+4.7%
4 $767.5K$800K
+4.2%
5+ $790K$850K
+7.6%

Summary: 98043 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Zip Codes

98026
+20.8%
98155
+9.2%
98036
+4.4%
98043
+2.4%

Housing Supply in 98043, WA

How many homes are available in 98043, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43430.0%

Summary: The 98043 real estate market had 43 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 1314
+7.7%
3 1922
+15.8%
4 85
-37.5%
5+ 32
-33.3%

Summary: The 98043 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 increased by 7.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14140.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98043, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 98043 in November 2024, the same as the previous month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.

Days on Market for 98043, WA

How long does it take to sell a home in 98043, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days37 Days+132.5%

Summary: Homes in 98043 had an average of 37 days on market in Nov 2024, up by 132.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98043 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 98043; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 98043, WA

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