Is 98403, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98403 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 98403 was a Buyer's Market.

Key Takeaway

98403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98403, WA

How much do homes in 98403, WA cost?

Median Sold Price

$701,425

$363/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$4,550(-0.6%)

Key Takeaway

Homes in 98403 have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in 98403 was $701,425 in December 2024, down 0.6% from last year, and the median price per square foot was $363.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $300.5K$267.5K
-11.0%
2 $485.8K$537K
+10.5%
3 $739.5K$762.5K
+3.1%
4 $1.0M$935K
-6.5%
5+ $1.1M$1.1M
+1.1%

Summary: 98403 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Zip Codes

98402
+8.3%
98405
+4.4%
98406
+3.3%
98407
-0.2%
98403
-0.6%

Housing Supply in 98403, WA

How many homes are available in 98403, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
16160.0%

Summary: The 98403 real estate market had 16 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 23
+50.0%
3 63
-50.0%
4 32
-33.3%
5+ 25
+150.0%

Summary: The 98403 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98403, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 98403 in December 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 98403, WA

How long does it take to sell a home in 98403, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
346 Days57 Days-83.5%

Summary: Homes in 98403 had an average of 57 days on market in Dec 2024, down by 83.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98403 has remained consistent over time.

Summary: During December 2024, 4 homes were sold in 98403; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

Newest Listings in 98403, WA

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