Is 99122, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99122 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 99122 was a Seller's Market.

Key Takeaway

99122 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 99122, WA

How much do homes in 99122, WA cost?

Median Sold Price

$365,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,000(-2.7%)

Key Takeaway

Homes in 99122 have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in 99122 was $365,000 in November 2024, down 2.7% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $270K$270.1K
0.0%
2 $453K$425K
-6.2%
3 $375K$310K
-17.3%
4 $360K$415K
+15.3%
5+ $502.5K$445K
-11.4%

Summary: 99122 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 11.4%.

Housing Supply in 99122, WA

How many homes are available in 99122, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3328-15.2%

Summary: The 99122 real estate market had 28 homes for sale in November 2024, a 15.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 64
-33.3%
3 1816
-11.1%
4 44
0.0%
5+ 32
-33.3%

Summary: The 99122 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 decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99122, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 99122 in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 99122, WA

How long does it take to sell a home in 99122, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days5 Days-91.6%

Summary: Homes in 99122 had an average of 5 days on market in Nov 2024, down by 91.6% compared to last year.

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 99122 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 99122; 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 17 Days Ago

Newest Listings in 99122, WA

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