Is 98065, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98065 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98065 has remained a Seller's Market.

Key Takeaway

98065 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98065, WA

How much do homes in 98065, WA cost?

Median Sold Price

$1,150,000

$485/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$109,625(+10.5%)

Key Takeaway

Homes in 98065 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 98065 was $1,150,000 in October 2024, up 10.5% from last year, and the median price per square foot was $485.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $399.9K-
N/A
2 $637.5K$674.7K
+5.8%
3 $849K$960K
+13.1%
4 $1.2M$1.3M
+9.0%
5+ $1.5M$1.6M
+8.2%

Summary: 98065 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Zip Codes

98014
+14.5%
98065
+10.5%
98019
+9.5%
98024
-3.7%
98045
-12.8%

Housing Supply in 98065, WA

How many homes are available in 98065, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4945-8.2%

Summary: The 98065 real estate market had 45 homes for sale in October 2024, a 8.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 1314
+7.7%
4 2419
-20.8%
5+ 65
-16.7%

Summary: The 98065 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98065, you could pay more than the asking price. 36.8% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 98065 in October 2024, up by 18.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 32% were sold at asking, and 37% were sold over asking.

Days on Market for 98065, WA

How long does it take to sell a home in 98065, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days23 Days-40.6%

Summary: Homes in 98065 had an average of 23 days on market in Oct 2024, down by 40.6% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98065 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 98065; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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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