Is 98092, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 98092 has remained a Seller's Market.
Key Takeaway
98092 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98092, WA
How much do homes in 98092, WA cost?
Median Sold Price
$647,416
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98092 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 98092 was $647,416 in March 2024, down 4.1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.4K | $315K | +7.7% |
| 2 Bedrooms | $375K | $385K | +2.7% |
| 3 Bedrooms | $614K | $584.9K | -4.7% |
| 4 Bedrooms | $740K | $699K | -5.5% |
| 5+ Bedrooms | $825K | $791.4K | -4.1% |
Summary: 98092 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 98092, WA
How many homes are available in 98092, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 121 | 128 | +5.8% |
Summary: The 98092 real estate market had 128 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 45 | 40 | -11.1% |
| 4 Bedrooms | 46 | 52 | +13.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 98092 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98092, you could pay more than the asking price. 47.2% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 98092 in March 2024, down by 10.0% month-over-month. Of the 36 sold homes, 25% were sold under asking, 28% were sold at asking, and 47% were sold over asking.
Days on Market for 98092, WA
How long does it take to sell a home in 98092, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 43 Days | -29.0% |
Summary: Homes in 98092 had an average of 43 days on market in Mar 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98092 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 36 homes were sold in 98092; 78% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.