Is 98264, 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, 98264 has remained a Seller's Market.
Housing Prices in 98264, WA
How much do homes in 98264, WA cost?
Median Sold Price
$612,500
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98264 was $612,500 in March 2024, up 6.7% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $227.5K | -3.2% |
2 Bedrooms | $395K | $425K | +7.6% |
3 Bedrooms | $542.5K | $560K | +3.2% |
4 Bedrooms | $725K | $707.5K | -2.4% |
5+ Bedrooms | $825K | $839K | +1.7% |
Summary: 98264 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 98264, WA
How many homes are available in 98264, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 90 | -9.1% |
Summary: The 98264 real estate market had 90 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 45 | 42 | -6.7% |
4 Bedrooms | 29 | 23 | -20.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 98264 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 5.9%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 27 | -15.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 98264 in March 2024, down by 15.6% month-over-month. Of the 27 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 98264, WA
How long does it take to sell a home in 98264, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 57 Days | -28.6% |
Summary: Homes in 98264 had an average of 57 days on market in Mar 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 98264; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.