$10,000 Closing Credit*
$1,649,000
3,117 SqFt
6 Beds
•2 Full Baths, 1 Partial
Ryan Gillis, Listing Office: Gillis Real Estate LLC
Is 98125, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 98125 has remained a Seller's Market.
Key Takeaway
98125 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98125, WA
How much do homes in 98125, WA cost?
Median Sold Price
$815,000
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,631(+9.9%)
Key Takeaway
Homes in 98125 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 98125 was $815,000 in November 2024, up 9.9% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $330K | +6.5% |
| 2 Bedrooms | $599.9K | $610K | +1.7% |
| 3 Bedrooms | $748.9K | $835.5K | +11.6% |
| 4 Bedrooms | $947.2K | $962K | +1.6% |
| 5+ Bedrooms | $972.5K | $1.1M | +18.3% |
Summary: 98125 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 18.3%.
Housing Supply in 98125, WA
How many homes are available in 98125, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 145 | 121 | -16.6% |
Summary: The 98125 real estate market had 121 homes for sale in November 2024, a 16.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 5 | -37.5% |
| 2 Bedrooms | 32 | 28 | -12.5% |
| 3 Bedrooms | 49 | 43 | -12.2% |
| 4 Bedrooms | 40 | 32 | -20.0% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 98125 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 32 | -28.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98125, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 98125 in November 2024, down by 28.9% month-over-month. Of the 32 sold homes, 34% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for 98125, WA
How long does it take to sell a home in 98125, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 18 Days | -36.0% |
Summary: Homes in 98125 had an average of 18 days on market in Nov 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 98125 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in 98125; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% 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.