Is 99201, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99201 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 99201 was a Seller's Market.

Key Takeaway

99201 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 99201, WA

How much do homes in 99201, WA cost?

Median Sold Price

$369,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,000(+14.2%)

Key Takeaway

Homes in 99201 have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in 99201 was $369,000 in October 2024, up 14.2% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $219K$220K
0.5%
2 $323K$369.5K
+14.4%
3 $325K$365K
+12.3%
4 $319.9K$350K
+9.4%
5+ $362.5K$660K
+82.1%

Summary: 99201 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 82.1%.

Median Sold Price Compared To Nearby Zip Codes

99201
+14.2%
99204
+9.1%
99202
+8.4%
99205
+1.8%

Housing Supply in 99201, WA

How many homes are available in 99201, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4160+46.3%

Summary: The 99201 real estate market had 60 homes for sale in October 2024, a 46.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 27
+250.0%
2 1417
+21.4%
3 1221
+75.0%
4 710
+42.9%
5+ 65
-16.7%

Summary: The 99201 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99201, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 99201 in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 99201, WA

How long does it take to sell a home in 99201, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days14 Days-38.8%

Summary: Homes in 99201 had an average of 14 days on market in Oct 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99201 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 99201; 67% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in 99201, WA

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