Is 98236, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98236 is a buyer's market

Buyer's
Market

Difference Since February 2022

At the same time last year, 98236 was a Neutral Market.

Key Takeaway

98236 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 98236, WA cost?

Median Sold Price

$689,950

$397/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$49,950(+7.8%)

Key Takeaway

Homes in 98236 have sold for 7.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $535K$650K
+21.5%
2 $575K$708K
+23.1%
3 $744.5K$680.5K
-8.6%
4 $1.2M$1.0M
-16.7%
5+ $807.4K-
N/A

Median Sold Price Compared To Nearby Zip Codes

98236
+7.8%
98260
+4.7%

How many homes are available in 98236, WA?

Number of Homes For Sale

Jan 2023Feb 2023%
2221-4.5%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 107
-30.0%
3 1214
+16.7%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Jan 2023Feb 2023%
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98236, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
28 Days97 Days+240.1%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98236 has remained consistent over time.

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

About 98236, WA

98236, WA has 21 homes on the market. The number of listings in 98236, WA decreased by 4.5% between January 2023 and February 2023. The median list price of listings available in February 2023 was $689,950, while the average time on the real estate market was 97 days. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 21.5%, prices of 2 bedrooms properties increased by 23.1%, prices of 3 bedrooms properties decreased by 8.6%, 4 bedrooms properties became 16.7% more cheaper, prices of 5 bedrooms properties went up by 0%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes became 30% less available, 3 bedrooms homes became 16.7% more available, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes have not changed. Over 0 listings were sold over their listed price in February 2023 in 98236, WA. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.