Is 98136, 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, 98136 has remained a Seller's Market.
Housing Prices in 98136, WA
How much do homes in 98136, WA cost?
Median Sold Price
$897,333
$542/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98136 was $897,333 in March 2024, down 0.3% from last year, and the median price per square foot was $542.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $444.5K | $326.7K | -26.5% |
2 Bedrooms | $674.9K | $699.5K | +3.6% |
3 Bedrooms | $887.5K | $925K | +4.2% |
4 Bedrooms | $1.2M | $1.2M | +4.6% |
5+ Bedrooms | $1.3M | $1.8M | +41.6% |
Summary: 98136 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 41.6%.
Housing Supply in 98136, WA
How many homes are available in 98136, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 64 | +36.2% |
Summary: The 98136 real estate market had 64 homes for sale in March 2024, a 36.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 12 | 21 | +75.0% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 98136 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 98136 in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 98136, WA
How long does it take to sell a home in 98136, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 15 Days | -59.2% |
Summary: Homes in 98136 had an average of 15 days on market in Mar 2024, down by 59.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 98136; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.