$3,978 Closing Credit*
$335,000
1,019 SqFt
2 Beds
•2 Full Baths
Seth Soumphonphakdy, Listing Office: Redfin
Is 98204, 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, 98204 has remained a Seller's Market.
Key Takeaway
98204 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98204, WA
How much do homes in 98204, WA cost?
Median Sold Price
$532,250
$378/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,250(+6.5%)
Key Takeaway
Homes in 98204 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 98204 was $532,250 in November 2024, up 6.5% from last year, and the median price per square foot was $378.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $260K | -1.9% |
| 2 Bedrooms | $349.9K | $352K | +0.6% |
| 3 Bedrooms | $549.8K | $599.9K | +9.1% |
| 4 Bedrooms | $689.9K | $774.9K | +12.3% |
| 5+ Bedrooms | $685K | $1.1M | +65.4% |
Summary: 98204 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 65.4%.
Housing Supply in 98204, WA
How many homes are available in 98204, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 121 | +0.8% |
Summary: The 98204 real estate market had 121 homes for sale in November 2024, a 0.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 49 | 47 | -4.1% |
| 3 Bedrooms | 53 | 55 | +3.8% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 98204 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98204, expect to pay close to the asking price. 45.2% of homes here sold near the asking price last month.
Summary: A total of 31 homes were sold or pending in 98204 in November 2024, up by 29.2% month-over-month. Of the 31 sold homes, 39% were sold under asking, 45% were sold at asking, and 16% were sold over asking.
Days on Market for 98204, WA
How long does it take to sell a home in 98204, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +57.5% |
Summary: Homes in 98204 had an average of 25 days on market in Nov 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98204 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 98204; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% 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.