Is 99207, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99207 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 99207 has remained a Seller's Market.

Key Takeaway

99207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 99207, WA

How much do homes in 99207, WA cost?

Median Sold Price

$279,999

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,000(-1.8%)

Key Takeaway

Homes in 99207 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 99207 was $279,999 in November 2024, down 1.8% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $199K$199K
0.0%
2 $248.5K$250K
+0.6%
3 $296.5K$289.8K
-2.2%
4 $314K$315K
0.3%
5+ $307.5K$357K
+16.1%

Summary: 99207 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 increased by 0.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Zip Codes

99202
+6.9%
99205
+1.9%
99208
+1.8%
99207
-1.8%

Housing Supply in 99207, WA

How many homes are available in 99207, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
124123-0.8%

Summary: The 99207 real estate market had 123 homes for sale in November 2024, a 0.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 3427
-20.6%
3 4652
+13.0%
4 2930
+3.4%
5+ 1010
0.0%

Summary: The 99207 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3525-28.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99207, expect to pay close to the asking price. 44% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in 99207 in November 2024, down by 28.6% month-over-month. Of the 25 sold homes, 20% were sold under asking, 44% were sold at asking, and 36% were sold over asking.

Days on Market for 99207, WA

How long does it take to sell a home in 99207, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days26 Days-9.4%

Summary: Homes in 99207 had an average of 26 days on market in Nov 2024, down by 9.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99207 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in 99207; 68% of homes were sold within 30 days, 32% 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 18 Days Ago

Newest Listings in 99207, WA

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