Is 98188, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 98188 was a Seller's Market.
Key Takeaway
98188 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in 98188, WA cost?
Median Sold Price
$510,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
-$13,750(-2.6%)
Key Takeaway
Homes in 98188 have sold for 2.6% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $195K | $202.5K | +3.8% |
| 2 Bedrooms | $300K | $341.2K | +13.8% |
| 3 Bedrooms | $539K | $550K | +2.0% |
| 4 Bedrooms | $660K | $730K | +10.6% |
| 5+ Bedrooms | $760K | $899.9K | +18.4% |
How many homes are available in 98188, WA?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 29 | 24 | -17.2% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 14 | 4 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 98188, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 12 Days | 63 Days | +431.3% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 98188 are selling fast, if you're buying plan to act quickly.
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 © 2023 Northwest MLS. All rights reserved.