Is 99021, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99021 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 99021 was a Seller's Market.

Key Takeaway

99021 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 99021, WA

How much do homes in 99021, WA cost?

Median Sold Price

$472,995

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,875(+0.4%)

Key Takeaway

The sold price of homes in 99021 has remained the same since last year.

Summary: The median home sold price in 99021 was $472,995 in October 2024, up 0.4% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $158.5K$125K
-21.1%
2 $250K$432.5K
+73.0%
3 $440.4K$405.9K
-7.8%
4 $500K$471.9K
-5.6%
5+ $626.2K$591.1K
-5.6%

Summary: 99021 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 73%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

99217
+9.4%
99005
+6.3%
99021
0.4%
99003
-12.4%

Housing Supply in 99021, WA

How many homes are available in 99021, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5158+13.7%

Summary: The 99021 real estate market had 58 homes for sale in October 2024, a 13.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 24
+100.0%
3 1319
+46.2%
4 2421
-12.5%
5+ 811
+37.5%

Summary: The 99021 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99021, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 99021 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.

Days on Market for 99021, WA

How long does it take to sell a home in 99021, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days24 Days-34.8%

Summary: Homes in 99021 had an average of 24 days on market in Oct 2024, down by 34.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99021 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 99021; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

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