Is 98271, 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, 98271 has remained a Seller's Market.
Housing Prices in 98271, WA
How much do homes in 98271, WA cost?
Median Sold Price
$591,666
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98271 was $591,666 in April 2024, up 2.9% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $515K | +3.0% |
2 Bedrooms | $425K | $444.2K | +4.5% |
3 Bedrooms | $547.4K | $560K | +2.3% |
4 Bedrooms | $665K | $674.9K | +1.5% |
5+ Bedrooms | $820K | $720K | -12.2% |
Summary: 98271 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 12.2%.
Housing Supply in 98271, WA
How many homes are available in 98271, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 75 | +15.4% |
Summary: The 98271 real estate market had 75 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 33 | 40 | +21.2% |
4 Bedrooms | 26 | 25 | -3.8% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 98271 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 16 | -23.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 98271 in April 2024, down by 23.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 13% were sold at asking, and 69% were sold over asking.
Days on Market for 98271, WA
How long does it take to sell a home in 98271, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 4 Days | -84.7% |
Summary: Homes in 98271 had an average of 4 days on market in Apr 2024, down by 84.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 98271; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.