Is 98328, 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, 98328 has remained a Seller's Market.
Key Takeaway
98328 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98328, WA
How much do homes in 98328, WA cost?
Median Sold Price
$522,500
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 98328 has remained the same since last year.
Summary: The median home sold price in 98328 was $522,500 in April 2024, down 0.5% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.7K | $440K | +61.3% |
| 2 Bedrooms | $505K | $425K | -15.8% |
| 3 Bedrooms | $504.9K | $501.8K | -0.6% |
| 4 Bedrooms | $665K | $553K | -16.8% |
| 5+ Bedrooms | $597.5K | $540.9K | -9.5% |
Summary: 98328 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in 98328, WA
How many homes are available in 98328, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The 98328 real estate market had 40 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 98328 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 16.7%, 3 bedroom homes increased by 31.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98328, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 98328 in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 98328, WA
How long does it take to sell a home in 98328, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 54 Days | +8.5% |
Summary: Homes in 98328 had an average of 54 days on market in Apr 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98328 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 98328; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.