Is 98312, 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, 98312 has remained a Seller's Market.
Housing Prices in 98312, WA
How much do homes in 98312, WA cost?
Median Sold Price
$474,158
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98312 was $474,158 in April 2024, up 6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $294.9K | -1.7% |
2 Bedrooms | $345K | $340K | -1.4% |
3 Bedrooms | $451.9K | $474.9K | +5.1% |
4 Bedrooms | $565K | $589.9K | +4.4% |
5+ Bedrooms | $644.9K | $599.9K | -7.0% |
Summary: 98312 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 7%.
Housing Supply in 98312, WA
How many homes are available in 98312, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 128 | -10.5% |
Summary: The 98312 real estate market had 128 homes for sale in April 2024, a 10.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 34 | 37 | +8.8% |
3 Bedrooms | 63 | 51 | -19.0% |
4 Bedrooms | 36 | 33 | -8.3% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 98312 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 37 | -22.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 98312 in April 2024, down by 22.9% month-over-month. Of the 37 sold homes, 30% were sold under asking, 30% were sold at asking, and 41% were sold over asking.
Days on Market for 98312, WA
How long does it take to sell a home in 98312, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 33 Days | -19.9% |
Summary: Homes in 98312 had an average of 33 days on market in Apr 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in 98312; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.