Is 98188, 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, 98188 has remained a Seller's Market.
Housing Prices in 98188, WA
How much do homes in 98188, WA cost?
Median Sold Price
$525,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98188 was $525,000 in March 2024, up 3.7% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $240K | +17.1% |
2 Bedrooms | $341.2K | $353K | +3.4% |
3 Bedrooms | $550K | $540K | -1.8% |
4 Bedrooms | $730K | $620K | -15.1% |
5+ Bedrooms | $895K | $805K | -10.1% |
Summary: 98188 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 10.1%.
Housing Supply in 98188, WA
How many homes are available in 98188, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 42 | +5.0% |
Summary: The 98188 real estate market had 42 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 98188 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 98188 in March 2024, the same as the previous month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 98188, WA
How long does it take to sell a home in 98188, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 11 Days | -72.8% |
Summary: Homes in 98188 had an average of 11 days on market in Mar 2024, down by 72.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 98188; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.