Is 98260, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 98260 has remained a Seller's Market.
Housing Prices in 98260, WA
How much do homes in 98260, WA cost?
Median Sold Price
$796,500
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98260 was $796,500 in March 2024, up 8.7% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $652.5K | $708.5K | +8.6% |
2 Bedrooms | $647.5K | $844.4K | +30.4% |
3 Bedrooms | $868.2K | $766K | -11.8% |
4 Bedrooms | $957.5K | $800K | -16.4% |
5+ Bedrooms | $525K | $875K | +66.7% |
Summary: 98260 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 30.4%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 66.7%.
Housing Supply in 98260, WA
How many homes are available in 98260, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Summary: The 98260 real estate market had 27 homes for sale in March 2024, a 58.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 98260 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 71.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 98260 in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 98260, WA
How long does it take to sell a home in 98260, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 87 Days | +61.9% |
Summary: Homes in 98260 had an average of 87 days on market in Mar 2024, up by 61.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 98260; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.