Is 98294, 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, 98294 has remained a Seller's Market.
Housing Prices in 98294, WA
How much do homes in 98294, WA cost?
Median Sold Price
$529,990
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98294 was $529,990 in April 2024, up 1.9% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $356.4K | -6.2% |
2 Bedrooms | $325K | $406K | +24.9% |
3 Bedrooms | $509.9K | $509.4K | -0.1% |
4 Bedrooms | $595.4K | $568.9K | -4.4% |
5+ Bedrooms | $599.9K | $589.9K | -1.7% |
Summary: 98294 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 24.9%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 98294, WA
How many homes are available in 98294, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 49 | -2.0% |
Summary: The 98294 real estate market had 49 homes for sale in April 2024, a 2.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 98294 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 24 | +71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 98294 in April 2024, up by 71.4% month-over-month. Of the 24 sold homes, 4% were sold under asking, 71% were sold at asking, and 25% were sold over asking.
Days on Market for 98294, WA
How long does it take to sell a home in 98294, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 15 Days | -52.6% |
Summary: Homes in 98294 had an average of 15 days on market in Apr 2024, down by 52.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in 98294; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.