Is 99205, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99205 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 99205 has remained a Seller's Market.

Key Takeaway

99205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 99205, WA

How much do homes in 99205, WA cost?

Median Sold Price

$333,999

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$3,999(+1.2%)

Key Takeaway

Homes in 99205 have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in 99205 was $333,999 in December 2024, up 1.2% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $227.5K$224.5K
-1.3%
2 $277K$269K
-2.9%
3 $329.6K$335K
+1.6%
4 $355K$363.5K
+2.4%
5+ $405.5K$394.1K
-2.8%

Summary: 99205 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

99201
+12.8%
99202
+9.4%
99208
+3.3%
99205
+1.2%
99207
-0.1%

Housing Supply in 99205, WA

How many homes are available in 99205, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
201186-7.5%

Summary: The 99205 real estate market had 186 homes for sale in December 2024, a 7.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 74
-42.9%
2 3735
-5.4%
3 7876
-2.6%
4 6251
-17.7%
5+ 1720
+17.6%

Summary: The 99205 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
47470.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99205, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 99205 in December 2024, the same as the previous month. Of the 47 sold homes, 49% were sold under asking, 30% were sold at asking, and 21% were sold over asking.

Days on Market for 99205, WA

How long does it take to sell a home in 99205, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
20 Days29 Days+45.5%

Summary: Homes in 99205 had an average of 29 days on market in Dec 2024, up by 45.5% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99205 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 47 homes were sold in 99205; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% 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 2 Days Ago

Newest Listings in 99205, WA

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