Is 98177, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98177 has remained a Seller's Market.
Housing Prices in 98177, WA
How much do homes in 98177, WA cost?
Median Sold Price
$1,009,583
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98177 was $1,009,583 in April 2024, up 1% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $316K | $315K | -0.3% |
2 Bedrooms | $748K | $709.5K | -5.1% |
3 Bedrooms | $885K | $897.4K | +1.4% |
4 Bedrooms | $1.4M | $1.3M | -5.7% |
5+ Bedrooms | $1.6M | $1.5M | -7.6% |
Summary: 98177 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 98177, WA
How many homes are available in 98177, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 55 | +41.0% |
Summary: The 98177 real estate market had 55 homes for sale in April 2024, a 41.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 8 | +300.0% |
3 Bedrooms | 19 | 26 | +36.8% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 98177 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 98177 in April 2024, up by 7.7% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 98177, WA
How long does it take to sell a home in 98177, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 52 Days | +248.6% |
Summary: Homes in 98177 had an average of 52 days on market in Apr 2024, up by 248.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in 98177; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.