Overview
This document provides a local market update for residential and condominium properties in the 98033 area, comparing data from November 2024 to November 2025.
Residential new listings increased by 32.3% in November 2025, while pending and closed sales decreased by 5.1% and 33.3%, respectively. The median sales price rose by 18.3% to $2,020,065, with an average sales price increase of 23.2% to $2,407,886. Homes spent more time on the market, with days on market increasing by 21.4% to 22 days.
In the condominium market, new listings decreased by 12%, but pending sales rose by 33.3%. Closed sales fell by 8%, and the median sales price dropped by 5.2% to $1,195,000, while the average sales price decreased by 14.8% to $1,356,308. Days on market increased significantly by 66.7% to 50 days.
Inventory for residential homes surged by 114.6%, indicating a shift towards a more balanced market, while the months supply of inventory rose from 1.2 to 2.9. For condominiums, inventory increased by 8.8%, with a slight decrease in months supply from 2.5 to 2.4.
