$10,000 Closing Credit*
$995,000
3,851 SqFt
3 Beds
•3 Full Baths
Sarah Roth, Listing Office: Kelly Right RE of Seattle LLC
Is 98625, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 98625 was a Neutral Market.
Key Takeaway
98625 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98625, WA
How much do homes in 98625, WA cost?
Median Sold Price
$495,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,450(-5.3%)
Key Takeaway
Homes in 98625 have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in 98625 was $495,000 in October 2024, down 5.3% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $560K | $345K | -38.4% |
| 2 Bedrooms | $309K | $400K | +29.4% |
| 3 Bedrooms | $510K | $492.5K | -3.4% |
| 4 Bedrooms | $559K | $550K | -1.6% |
| 5+ Bedrooms | $639K | $900K | +40.8% |
Summary: 98625 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.4%, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 40.8%.
Housing Supply in 98625, WA
How many homes are available in 98625, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 65 | -1.5% |
Summary: The 98625 real estate market had 65 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 98625 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98625, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 98625 in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 98625, WA
How long does it take to sell a home in 98625, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 40 Days | +132.1% |
Summary: Homes in 98625 had an average of 40 days on market in Oct 2024, up by 132.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 98625 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 98625; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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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.