Is 98266, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98266 is a buyer's market

Buyer's
Market

Difference Since February 2022

At the same time last year, 98266 was a Seller's Market.

Key Takeaway

98266 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 98266, WA cost?

Median Sold Price

$340,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

-$17,000(-4.8%)

Key Takeaway

Homes in 98266 have sold for 4.8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $202.4K$243.5K
+20.3%
2 $285K$197.5K
-30.7%
3 $375K$380.1K
+1.4%
4 $425K$442K
+4.0%
5+ $895K$407.5K
-54.5%

Median Sold Price Compared To Nearby Zip Codes

98244
+1.4%
98266
-4.8%
98295
-14.5%

How many homes are available in 98266, WA?

Number of Homes For Sale

Jan 2023Feb 2023%
2324+4.3%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 22
0.0%
2 44
0.0%
3 1516
+6.7%
4 10
-100.0%
5+ 12
+100.0%

Number of Homes Sold

Jan 2023Feb 2023%
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98266, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
54 Days72 Days+33.3%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98266 has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 98266, WA

98266, WA has 24 homes on the market. The number of homes for sale in 98266, WA increased by 4.3% between January 2023 and February 2023. Listings spent 72 days on the market in February 2023, and had a median list price of $340,000 during the same period. Listing prices have changed in this real estate market between January 2023 and February 2023: prices of 1 bedroom properties went up by 20.3%, the cost of 2 bedrooms properties went down by 30.7%, prices of 3 bedrooms properties increased by 1.4%, the cost of 4 bedrooms properties went up by 4%, 5 bedrooms properties prices decreased by 54.5%. Volume of homes for sale changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went up by 6.7%, number of 4 bedrooms homes decreased by 100%, 5 bedrooms homes inventory increased by 100%. Over 1 listings were sold over their listed price in February 2023 in 98266, WA. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.