$10,000 Closing Credit*
$1,175,000
2,610 SqFt
4 Beds
•2 Full Baths, 1 Partial
Ben Lieurance, Listing Office: Better Properties NW
Is 98051, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 98051 was a Seller's Market.
Key Takeaway
98051 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 98051, WA
How much do homes in 98051, WA cost?
Median Sold Price
$805,000
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$170,000(-17.4%)
Key Takeaway
Homes in 98051 have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in 98051 was $805,000 in November 2024, down 17.4% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $560K | +75.0% |
| 2 Bedrooms | $575K | $488.5K | -15.0% |
| 3 Bedrooms | $735K | $805K | +9.5% |
| 4 Bedrooms | $1.3M | $1.4M | +6.7% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: 98051 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Housing Supply in 98051, WA
How many homes are available in 98051, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The 98051 real estate market had 14 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 3 | -57.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 98051 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 100%, 3 bedroom homes decreased by 57.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 98051, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 98051 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 98051, WA
How long does it take to sell a home in 98051, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 15 Days | -79.6% |
Summary: Homes in 98051 had an average of 15 days on market in Nov 2024, down by 79.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98051 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 98051; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.