Is 98277, 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, 98277 has remained a Seller's Market.
Housing Prices in 98277, WA
How much do homes in 98277, WA cost?
Median Sold Price
$485,833
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98277 was $485,833 in March 2024, up 4.5% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $360K | +63.6% |
2 Bedrooms | $385K | $394K | +2.3% |
3 Bedrooms | $465K | $476.3K | +2.4% |
4 Bedrooms | $560K | $575K | +2.7% |
5+ Bedrooms | $590K | $530K | -10.2% |
Summary: 98277 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 10.2%.
Housing Supply in 98277, WA
How many homes are available in 98277, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 126 | -0.8% |
Summary: The 98277 real estate market had 126 homes for sale in March 2024, a 0.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 25 | 22 | -12.0% |
3 Bedrooms | 79 | 76 | -3.8% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98277 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 30 | -30.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 98277 in March 2024, down by 30.2% month-over-month. Of the 30 sold homes, 10% were sold under asking, 43% were sold at asking, and 47% were sold over asking.
Days on Market for 98277, WA
How long does it take to sell a home in 98277, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 34 Days | -35.9% |
Summary: Homes in 98277 had an average of 34 days on market in Mar 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 98277; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.