$5,938 Closing Credit*
$500,000
1,368 SqFt
3 Beds
•2 Full Baths
Suzanne Fortune, Listing Office: Windermere Real Estate/HLC
Is 98251, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 98251 has remained a Seller's Market.
Key Takeaway
98251 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98251, WA
How much do homes in 98251, WA cost?
Median Sold Price
$479,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,500(+1.8%)
Key Takeaway
Homes in 98251 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 98251 was $479,000 in October 2024, up 1.8% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $350K | -18.6% |
| 2 Bedrooms | $455K | $455K | 0.0% |
| 3 Bedrooms | $480K | $490K | +2.1% |
| 4 Bedrooms | $567K | $565K | -0.4% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: 98251 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.
Housing Supply in 98251, WA
How many homes are available in 98251, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 41 | -6.8% |
Summary: The 98251 real estate market had 41 homes for sale in October 2024, a 6.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 98251 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98251, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 98251 in October 2024, up by 18.2% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for 98251, WA
How long does it take to sell a home in 98251, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 26 Days | +105.1% |
Summary: Homes in 98251 had an average of 26 days on market in Oct 2024, up by 105.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98251 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 98251; 62% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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.