Is 98168, 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, 98168 has remained a Seller's Market.
Housing Prices in 98168, WA
How much do homes in 98168, WA cost?
Median Sold Price
$555,600
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98168 was $555,600 in March 2024, down 6% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $374K | +29.0% |
2 Bedrooms | $510K | $445K | -12.7% |
3 Bedrooms | $577.5K | $550K | -4.8% |
4 Bedrooms | $657.5K | $644.7K | -1.9% |
5+ Bedrooms | $749.9K | $750K | 0.0% |
Summary: 98168 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.
Housing Supply in 98168, WA
How many homes are available in 98168, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 84 | +31.3% |
Summary: The 98168 real estate market had 84 homes for sale in March 2024, a 31.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 19 | 30 | +57.9% |
3 Bedrooms | 21 | 28 | +33.3% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 98168 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 57.9%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 98168 in March 2024, the same as the previous month. Of the 20 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for 98168, WA
How long does it take to sell a home in 98168, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 28 Days | -42.4% |
Summary: Homes in 98168 had an average of 28 days on market in Mar 2024, down by 42.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 98168; 80% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.