Is 98104, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98104 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 98104 has remained a Buyer's Market.

Key Takeaway

98104 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98104, WA

How much do homes in 98104, WA cost?

Median Sold Price

$532,000

$769/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$4,250(+0.8%)

Key Takeaway

Homes in 98104 have sold for 0.8% more than they did a month ago.

Summary: The median home sold price in 98104 was $532,000 in November 2024, up 0.8% from last month, and the median price per square foot was $769.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $450K$450K
0.0%
2 $1.0M$852.5K
-15.6%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: 98104 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 decreased by 15.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 98104, WA

How many homes are available in 98104, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6676+15.2%

Summary: The 98104 real estate market had 76 homes for sale in November 2024, a 15.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3944
+12.8%
2 2427
+12.5%
3 13
+200.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 98104 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98104, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 98104 in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for 98104, WA

How long does it take to sell a home in 98104, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
37 Days48 Days+29.3%

Summary: Homes in 98104 had an average of 48 days on market in Nov 2024, up by 29.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98104 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 98104; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 3 Days Ago

Newest Listings in 98104, WA

Nearby Markets to 98104, WA