Fall City 98024

King County, WA · 1,909 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

17affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
50.3%
severe
Days on market
17
daily
Price cuts
0.0%
of active
Valuation
-48.8%
vs assessor
Look up an address
29
/100
Weak
stable · seller slight · prices easing year-over-year.
Price trend
50
Affordability
10
Valuation
35
Economic health
17

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

77/ 100SellerBalancedBuyer
Negotiate Hard
Needs 40.4% correction for affordability
DOM: 62d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)80
Supply & Demand (20%)40
Buy vs Rent (15%)100
Cancellation Rate (10%)50
Days on Market (5%)75

Moderate buyer leverage in 98024. Room to negotiate 5-10% below list. Payment burden: 50.3% of median income. A 30% price correction needed to reach 30% affordability threshold. Median days on market: 62. Renting is approximately 380% cheaper than buying (price-to-rent ratio: 57.6). Market appears 24% overpriced vs. assessed values.

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLESELLER SLIGHT

Market is holding steady with balanced conditions. Sellers hold a slight edge. Prices down 1.1% YoY.

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Market snapshoteach number, once

Median price
$1,266,148
▾ 1.1% YoY
Days on market
17
daily · zip_data
Median rent
$1,833
ZORI
Investor score
22/100
cash-flow lens
Active listings
17
90-day

Valuation3 lenses, different anchors

vs assessor
-48.8%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$648,000
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+69.0%
County-wide market — the widest, slowest signal.
King+69.0%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft
Price-to-income8.3×

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How 98024 ranks in WA
percentile vs all Washington ZIPs · n=581
Market velocity67%
Supply tightness83%
Affordability12%
Investment yield4%
Appreciation24%

Affordability, supply & momentum

54SUPPLY
Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply5.6 mo
Days on Market17d
Inv vs History+77.1%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$6,396
Payment burden50.3%
Median income · ZIP$152,726
Mortgage rate6.49% · 30yr
Total monthly own$7,662
Monthly rent$1,833
Market dynamics
Price cut %0.0%
Momentumstable
LeverageSELLER SLIGHT
Months of supply5.6
Sales (90d)0
Investment analysis
Median rent$1,833
Price-to-rent57.6
Est. cap rate1.1%
Buy vs rentfavors renting

Livability

Walk score9
Transit score3
Bike score

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King County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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