Is 98296, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 98296 has remained a Seller's Market.
Housing Prices in 98296, WA
How much do homes in 98296, WA cost?
Median Sold Price
$997,725
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 98296 was $997,725 in February 2024, down 13% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $442.5K | +18.0% |
2 Bedrooms | $465K | $450K | -3.2% |
3 Bedrooms | $945K | $847K | -10.4% |
4 Bedrooms | $1.1M | $1.0M | -10.6% |
5+ Bedrooms | $1.3M | $1.1M | -13.8% |
Summary: 98296 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 13.8%.
Housing Supply in 98296, WA
How many homes are available in 98296, WA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 48 | +2.1% |
Summary: The 98296 real estate market had 48 homes for sale in February 2024, a 2.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 13 | 10 | -23.1% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 98296 housing inventory by bedroom type for February 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 23.1%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 98296 in February 2024, down by 11.1% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for 98296, WA
How long does it take to sell a home in 98296, WA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
57 Days | 64 Days | +13.4% |
Summary: Homes in 98296 had an average of 64 days on market in Feb 2024, up by 13.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 16 homes were sold in 98296; 56% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.