Is 98331, 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, 98331 has remained a Seller's Market.
Key Takeaway
98331 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98331, WA
How much do homes in 98331, WA cost?
Median Sold Price
$333,450
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98331 have sold for 18% more than they did a year ago.
Summary: The median home sold price in 98331 was $333,450 in March 2024, up 18% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $210K | +7.7% |
| 2 Bedrooms | $245K | $287.5K | +17.3% |
| 3 Bedrooms | $296.5K | $338.5K | +14.2% |
| 4 Bedrooms | $283.7K | $299.9K | +5.7% |
| 5+ Bedrooms | $178.9K | - | N/A |
Summary: 98331 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 98331 | $282.5K | $333.4K | +18.0% |
| 98363 | $378K | $439K | +16.1% |
Housing Supply in 98331, WA
How many homes are available in 98331, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The 98331 real estate market had 20 homes for sale in March 2024, a 4.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98331 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 98331, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 98331 in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 98331, WA
How long does it take to sell a home in 98331, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 72 Days | -40.4% |
Summary: Homes in 98331 had an average of 72 days on market in Mar 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 98331 has remained consistent over time.
Summary: During March 2024, 7 homes were sold in 98331; 14% of homes were sold within 30 days, 57% 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.