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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99122 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 99122 has remained a Seller's Market.

Key Takeaway

99122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 99122, WA

How much do homes in 99122, WA cost?

Median Sold Price

$365,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 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 October 2024, down 2.7% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $270K$270.1K
0.0%
2 $499K$425K
-14.8%
3 $375K$310K
-17.3%
4 $360K$415K
+15.3%
5+ $502.5K$445K
-11.4%

Summary: 99122 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 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

Sep 2024Oct 2024CHANGE
3035+16.7%

Summary: The 99122 real estate market had 35 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 66
0.0%
3 1419
+35.7%
4 65
-16.7%
5+ 13
+200.0%

Summary: The 99122 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

5 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 99122, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 99122 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
26 Days104 Days+296.5%

Summary: Homes in 99122 had an average of 104 days on market in Oct 2024, up by 296.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 99122 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 99122; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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

Newest Listings in 99122, WA

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