Is 98290, 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, 98290 has remained a Seller's Market.
Housing Prices in 98290, WA
How much do homes in 98290, WA cost?
Median Sold Price
$799,999
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98290 was $799,999 in April 2024, down 3% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $590K | $545K | -7.6% |
2 Bedrooms | $549.9K | $573.5K | +4.3% |
3 Bedrooms | $751.8K | $725K | -3.6% |
4 Bedrooms | $950K | $970K | +2.1% |
5+ Bedrooms | $1.0M | $1.1M | +11.3% |
Summary: 98290 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 11.3%.
Housing Supply in 98290, WA
How many homes are available in 98290, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 133 | +30.4% |
Summary: The 98290 real estate market had 133 homes for sale in April 2024, a 30.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 8 | +100.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 43 | 56 | +30.2% |
4 Bedrooms | 29 | 36 | +24.1% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 98290 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 25%, 3 bedroom homes increased by 30.2%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 36 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 98290 in April 2024, up by 33.3% month-over-month. Of the 36 sold homes, 17% were sold under asking, 53% were sold at asking, and 31% were sold over asking.
Days on Market for 98290, WA
How long does it take to sell a home in 98290, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 12 Days | -45.3% |
Summary: Homes in 98290 had an average of 12 days on market in Apr 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in 98290; 97% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.