Is 98270, 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, 98270 has remained a Seller's Market.
Housing Prices in 98270, WA
How much do homes in 98270, WA cost?
Median Sold Price
$626,557
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98270 was $626,557 in March 2024, up 0.3% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $399.9K | $385K | -3.7% |
2 Bedrooms | $425K | $450K | +5.9% |
3 Bedrooms | $550K | $580K | +5.5% |
4 Bedrooms | $654.9K | $649.9K | -0.8% |
5+ Bedrooms | $709.9K | $744.9K | +4.9% |
Summary: 98270 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 98270, WA
How many homes are available in 98270, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
188 | 193 | +2.7% |
Summary: The 98270 real estate market had 193 homes for sale in March 2024, a 2.7% 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 | 10 | 10 | 0.0% |
3 Bedrooms | 96 | 87 | -9.4% |
4 Bedrooms | 53 | 62 | +17.0% |
5+ Bedrooms | 29 | 34 | +17.2% |
Summary: The 98270 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 remained the same, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 17.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 49 | -36.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in 98270 in March 2024, down by 36.4% month-over-month. Of the 49 sold homes, 29% were sold under asking, 35% were sold at asking, and 37% were sold over asking.
Days on Market for 98270, WA
How long does it take to sell a home in 98270, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 23 Days | -25.4% |
Summary: Homes in 98270 had an average of 23 days on market in Mar 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in 98270; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.