Is 98133, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98133 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98133 has remained a Seller's Market.

Key Takeaway

98133 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98133, WA

How much do homes in 98133, WA cost?

Median Sold Price

$730,490

$475/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,490(+2.2%)

Key Takeaway

Homes in 98133 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 98133 was $730,490 in October 2024, up 2.2% from last year, and the median price per square foot was $475.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $317.5K$309K
-2.7%
2 $550K$619.9K
+12.7%
3 $725K$763.7K
+5.3%
4 $864.5K$899.5K
+4.0%
5+ $1.0M$1.0M
+9.0%

Summary: 98133 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Zip Codes

98177
+14.1%
98155
+10.6%
98020
+7.6%
98125
+7.5%
98133
+2.2%

Housing Supply in 98133, WA

How many homes are available in 98133, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
210227+8.1%

Summary: The 98133 real estate market had 227 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2926
-10.3%
2 6572
+10.8%
3 6772
+7.5%
4 3542
+20.0%
5+ 1415
+7.1%

Summary: The 98133 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5369+30.2%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98133, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in 98133 in October 2024, up by 30.2% month-over-month. Of the 69 sold homes, 43% were sold under asking, 28% were sold at asking, and 29% were sold over asking.

Days on Market for 98133, WA

How long does it take to sell a home in 98133, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days29 Days+17.6%

Summary: Homes in 98133 had an average of 29 days on market in Oct 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98133 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 69 homes were sold in 98133; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% 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 23 Days Ago

Newest Listings in 98133, WA

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