Is 98258, 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, 98258 has remained a Seller's Market.
Housing Prices in 98258, WA
How much do homes in 98258, WA cost?
Median Sold Price
$751,703
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98258 was $751,703 in April 2024, up 7.4% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $424.5K | -2.4% |
2 Bedrooms | $453.5K | $511.5K | +12.8% |
3 Bedrooms | $610K | $619K | +1.5% |
4 Bedrooms | $765K | $814.9K | +6.5% |
5+ Bedrooms | $875K | $891.7K | +1.9% |
Summary: 98258 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 98258, WA
How many homes are available in 98258, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
167 | 177 | +6.0% |
Summary: The 98258 real estate market had 177 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 57 | 75 | +31.6% |
4 Bedrooms | 66 | 56 | -15.2% |
5+ Bedrooms | 35 | 36 | +2.9% |
Summary: The 98258 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 57 | +7.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in 98258 in April 2024, up by 7.5% month-over-month. Of the 57 sold homes, 9% were sold under asking, 37% were sold at asking, and 54% were sold over asking.
Days on Market for 98258, WA
How long does it take to sell a home in 98258, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 13 Days | -61.8% |
Summary: Homes in 98258 had an average of 13 days on market in Apr 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in 98258; 93% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.