Is 99116, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99116 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 99116 has remained a Seller's Market.

Key Takeaway

99116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 99116, WA

How much do homes in 99116, WA cost?

Median Sold Price

$225,000

$99/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$15,000(-6.3%)

Key Takeaway

Homes in 99116 have sold for 6.2% less than they did a month ago.

Summary: The median home sold price in 99116 was $225,000 in November 2024, down 6.3% from last month, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $240K-
N/A
4 --
N/A
5+ -$225K
N/A

Summary: 99116 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 99116, WA

How many homes are available in 99116, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
45+25.0%

Summary: The 99116 real estate market had 5 homes for sale in November 2024, a 25.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 00
0.0%
5+ 11
0.0%

Summary: The 99116 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99116, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 99116 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 99116, WA

How long does it take to sell a home in 99116, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
248 Days8 Days-96.8%

Summary: Homes in 99116 had an average of 8 days on market in Nov 2024, down by 96.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99116 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 99116; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in 99116, WA

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