Is 99212, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99212 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 99212 has remained a Seller's Market.

Key Takeaway

99212 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 99212, WA

How much do homes in 99212, WA cost?

Median Sold Price

$375,900

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,300(+7.2%)

Key Takeaway

Homes in 99212 have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in 99212 was $375,900 in October 2024, up 7.2% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $176K$197.4K
+12.2%
2 $279K$261K
-6.5%
3 $351K$375K
+6.8%
4 $425.4K$450.5K
+5.9%
5+ $450.5K$545K
+21.0%

Summary: 99212 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 21%.

Median Sold Price Compared To Nearby Zip Codes

99217
+9.4%
99202
+8.4%
99212
+7.2%
99206
+2.4%
99223
0.4%

Housing Supply in 99212, WA

How many homes are available in 99212, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
91104+14.3%

Summary: The 99212 real estate market had 104 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 1615
-6.3%
3 3337
+12.1%
4 2532
+28.0%
5+ 1416
+14.3%

Summary: The 99212 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1324+84.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99212, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 99212 in October 2024, up by 84.6% month-over-month. Of the 24 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for 99212, WA

How long does it take to sell a home in 99212, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days24 Days-14.2%

Summary: Homes in 99212 had an average of 24 days on market in Oct 2024, down by 14.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99212 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in 99212; 75% of homes were sold within 30 days, 25% 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 99212, WA

Nearby Markets to 99212, WA