Is 98281, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 98281 was a Buyer's Market.
Housing Prices in 98281, WA
How much do homes in 98281, WA cost?
Median Sold Price
$490,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98281 was $490,000 in April 2024, up 16.3% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392.4K | $98K | -75.0% |
2 Bedrooms | $415.2K | $379K | -8.7% |
3 Bedrooms | $479.5K | $546K | +13.9% |
4 Bedrooms | - | $818.2K | N/A |
5+ Bedrooms | $430K | $1.3M | +202.3% |
Summary: 98281 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 13.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 202.3%.
Housing Supply in 98281, WA
How many homes are available in 98281, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Summary: The 98281 real estate market had 15 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98281 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 98281 in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 98281, WA
How long does it take to sell a home in 98281, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 5 Days | -47.7% |
Summary: Homes in 98281 had an average of 5 days on market in Apr 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
4 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, 4 homes were sold in 98281; 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.