Is 98329, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 98329 has remained a Seller's Market.
Housing Prices in 98329, WA
How much do homes in 98329, WA cost?
Median Sold Price
$490,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98329 was $490,000 in March 2024, down 10.7% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $412.5K | -17.5% |
2 Bedrooms | $481K | $433K | -10.0% |
3 Bedrooms | $511K | $490K | -4.1% |
4 Bedrooms | $716.2K | $1.0M | +45.6% |
5+ Bedrooms | $977.5K | $987.4K | +1.0% |
Summary: 98329 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.5%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 45.6%, and 5+ bedroom homes increased by 1%.
Housing Supply in 98329, WA
How many homes are available in 98329, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 43 | +4.9% |
Summary: The 98329 real estate market had 43 homes for sale in March 2024, a 4.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 28 | 33 | +17.9% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 98329 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 98329 in March 2024, up by 60.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% were sold over asking.
Days on Market for 98329, WA
How long does it take to sell a home in 98329, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 68 Days | +15.0% |
Summary: Homes in 98329 had an average of 68 days on market in Mar 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 98329; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.