Is 98250, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98250 has remained a Seller's Market.
Housing Prices in 98250, WA
How much do homes in 98250, WA cost?
Median Sold Price
$880,000
$497/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98250 was $880,000 in April 2024, up 3.5% from last year, and the median price per square foot was $497.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $775K | $838K | +8.1% |
2 Bedrooms | $824K | $752K | -8.7% |
3 Bedrooms | $854.5K | $880K | +3.0% |
4 Bedrooms | $1.0M | $1.4M | +37.2% |
5+ Bedrooms | $2.0M | $1.1M | -44.0% |
Summary: 98250 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 37.2%, and 5+ bedroom homes decreased by 44%.
Housing Supply in 98250, WA
How many homes are available in 98250, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 66 | +17.9% |
Summary: The 98250 real estate market had 66 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 27 | 24 | -11.1% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 98250 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 98250 in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.
Days on Market for 98250, WA
How long does it take to sell a home in 98250, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
136 Days | 106 Days | -21.8% |
Summary: Homes in 98250 had an average of 106 days on market in Apr 2024, down by 21.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 98250; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.