The 98116 housing market is very competitive. Homes in 98116 receive 3 offers on average and sell in around 11 days. The median sale price of a home in 98116 was $925K last month, down 2.6% since last year. The median sale price per square foot in 98116 is $557, down 0.8% since last year.
In October 2024, 98116 home prices were down 2.6% compared to last year, selling for a median price of $925K. On average, homes in 98116 sell after 11 days on the market compared to 6 days last year. There were 107 homes sold in October this year, up from 101 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$925,000
-2.6% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
98116, WA
$925,000
-2.6%
United States
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How hot is the 98116 housing market?
98116 is very competitive. Homes sell in 8 days.
0
100
85
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 8 days.
Hot homes
can sell for about 2% above list price and go pending in around 5 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 98116 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 98116.
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
98116 has a minor risk of flooding. 230 properties in 98116 are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in 98116. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
98116 has a moderate risk of wildfire. There are 2 properties in 98116 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 98116.