Is 98282, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98282 was a Seller's Market.
Housing Prices in 98282, WA
How much do homes in 98282, WA cost?
Median Sold Price
$675,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98282 was $675,000 in March 2024, up 3.4% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $544.5K | $515K | -5.4% |
2 Bedrooms | $610K | $649K | +6.4% |
3 Bedrooms | $663.5K | $680K | +2.5% |
4 Bedrooms | $875K | $864.9K | -1.1% |
5+ Bedrooms | $887.5K | $767K | -13.6% |
Summary: 98282 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Zip Codes
98282 | $652.5K | $675K | +3.4% |
98292 | $647K | $659.9K | +2.0% |
Housing Supply in 98282, WA
How many homes are available in 98282, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 102 | +36.0% |
Summary: The 98282 real estate market had 102 homes for sale in March 2024, a 36.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 33 | 42 | +27.3% |
3 Bedrooms | 36 | 50 | +38.9% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 98282 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 38.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 98282 in March 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.
Days on Market for 98282, WA
How long does it take to sell a home in 98282, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 76 Days | +32.4% |
Summary: Homes in 98282 had an average of 76 days on market in Mar 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 98282; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.