Is 98274, 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, 98274 has remained a Seller's Market.
Housing Prices in 98274, WA
How much do homes in 98274, WA cost?
Median Sold Price
$620,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98274 was $620,000 in March 2024, up 9.7% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $591.2K | $335K | -43.3% |
2 Bedrooms | $451.5K | $470K | +4.1% |
3 Bedrooms | $549K | $605K | +10.2% |
4 Bedrooms | $630K | $692.5K | +9.9% |
5+ Bedrooms | $897.5K | $774.9K | -13.7% |
Summary: 98274 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in 98274, WA
How many homes are available in 98274, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 44 | -2.2% |
Summary: The 98274 real estate market had 44 homes for sale in March 2024, a 2.2% decrease 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 | 4 | 4 | 0.0% |
3 Bedrooms | 30 | 29 | -3.3% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 98274 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 3.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 98274 in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for 98274, WA
How long does it take to sell a home in 98274, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 40 Days | -35.5% |
Summary: Homes in 98274 had an average of 40 days on market in Mar 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 98274; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.