Is 98292, 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, 98292 has remained a Seller's Market.
Housing Prices in 98292, WA
How much do homes in 98292, WA cost?
Median Sold Price
$668,960
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98292 was $668,960 in April 2024, up 4.5% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $385K | -18.9% |
2 Bedrooms | $464K | $489.2K | +5.4% |
3 Bedrooms | $620K | $640K | +3.2% |
4 Bedrooms | $699.9K | $714.9K | +2.1% |
5+ Bedrooms | $740K | $739.9K | 0% |
Summary: 98292 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes did not change.
Housing Supply in 98292, WA
How many homes are available in 98292, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 84 | -5.6% |
Summary: The 98292 real estate market had 84 homes for sale in April 2024, a 5.6% decrease 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 | 12 | 11 | -8.3% |
3 Bedrooms | 35 | 32 | -8.6% |
4 Bedrooms | 28 | 27 | -3.6% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 98292 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 decreased by 8.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 26 | -23.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 98292 in April 2024, down by 23.5% month-over-month. Of the 26 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 98292, WA
How long does it take to sell a home in 98292, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 29 Days | -22.4% |
Summary: Homes in 98292 had an average of 29 days on market in Apr 2024, down by 22.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 98292; 81% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.