Is 98144, 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, 98144 has remained a Seller's Market.
Housing Prices in 98144, WA
How much do homes in 98144, WA cost?
Median Sold Price
$714,660
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98144 was $714,660 in March 2024, down 10.2% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395K | $365K | -7.6% |
2 Bedrooms | $660K | $639.9K | -3.0% |
3 Bedrooms | $841.5K | $797.4K | -5.2% |
4 Bedrooms | $1.2M | $975K | -23.5% |
5+ Bedrooms | $1.5M | $1.4M | -8.1% |
Summary: 98144 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 98144, WA
How many homes are available in 98144, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 136 | +18.3% |
Summary: The 98144 real estate market had 136 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 51 | 46 | -9.8% |
3 Bedrooms | 33 | 46 | +39.4% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The 98144 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 39.4%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 39 | +25.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 98144 in March 2024, up by 25.8% month-over-month. Of the 39 sold homes, 28% were sold under asking, 49% were sold at asking, and 23% were sold over asking.
Days on Market for 98144, WA
How long does it take to sell a home in 98144, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 21 Days | -4.2% |
Summary: Homes in 98144 had an average of 21 days on market in Mar 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in 98144; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.