Is 98247, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98247 is a buyer's market

Buyer's
Market

Difference Since February 2022

At the same time last year, 98247 was a Neutral Market.

Key Takeaway

98247 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 98247, WA cost?

Median Sold Price

$555,000

$345/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$5,000(+0.9%)

Key Takeaway

Homes in 98247 have sold for 0.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 --
N/A
2 $390K$484.5K
+24.2%
3 $523.2K$515K
-1.6%
4 $621K$655K
+5.5%
5+ $750K$736.2K
-1.8%

Median Sold Price Compared To Nearby Zip Codes

98264
+9.0%
98226
+7.5%
98247
+0.9%
98295
-14.5%

How many homes are available in 98247, WA?

Number of Homes For Sale

Jan 2023Feb 2023%
1112+9.1%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 32
-33.3%
3 79
+28.6%
4 00
0.0%
5+ 11
0.0%

Number of Homes Sold

Jan 2023Feb 2023%
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98247, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Feb 2022Feb 2023%
12 Days3 Days-75.0%

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 98247 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 98247, WA

98247, WA has 12 homes on the market. The number of homes for sale in 98247, WA increased by 9.1% between January 2023 and February 2023. In February 2023, listings were on the market for 3 days. During the same period, the median list price in this real estate market was $555,000. Real estate listing prices changed between January 2023 and February 2023: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 24.2%, 3 bedrooms properties became 1.6% more cheaper, prices of 4 bedrooms properties increased by 5.5%, prices of 5 bedrooms properties went down by 1.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes became 28.6% more available, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes have not changed. 98247, WA housing market in February 2023 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 0 sold below.