Is 98257, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98257 was a Buyer's Market.
Housing Prices in 98257, WA
How much do homes in 98257, WA cost?
Median Sold Price
$530,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98257 was $530,000 in March 2024, up 9.8% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $355K | +61.4% |
2 Bedrooms | $475K | $430K | -9.5% |
3 Bedrooms | $495K | $555K | +12.1% |
4 Bedrooms | $548.7K | $514.2K | -6.3% |
5+ Bedrooms | $375K | - | N/A |
Summary: 98257 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.4%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes did not change.
Housing Supply in 98257, WA
How many homes are available in 98257, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 27 | +50.0% |
Summary: The 98257 real estate market had 27 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 12 | +71.4% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98257 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 71.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 98257 in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 98257, WA
How long does it take to sell a home in 98257, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 102 Days | +33.6% |
Summary: Homes in 98257 had an average of 102 days on market in Mar 2024, up by 33.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 98257; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.