Is 98232, WA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 98232 is a neutral's market


Difference Since February 2022

At the same time last year, 98232 was a Seller's Market.

Key Takeaway

98232 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 98232, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in 98232 have sold for 9.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $732.5K$250K
2 $550K$702.5K
3 $865.5K$690K
4 $1.0M$972.5K
5+ $1.1M-

Median Sold Price Compared To Nearby Zip Codes


How many homes are available in 98232, WA?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 34
3 43
4 00
5+ 00

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98232, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Feb 2022Feb 2023%
69 Days4 Days-94.2%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98232 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 98232, WA

There are 7 homes are for sale in 98232, WA real estate market. While the average time on the market in February 2023 was 4 days, the median list price was $750,000. Real estate listing prices changed between January 2023 and February 2023: 1 bedroom properties prices decreased by 65.9%, the cost of 2 bedrooms properties went up by 27.7%, 3 bedrooms properties became 20.3% more cheaper, 4 bedrooms properties prices decreased by 3.9%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes became 33.3% more available, 3 bedrooms homes inventory decreased by 25%, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. Over 1 listings were sold over their listed price in February 2023 in 98232, WA. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.