Is 98338, 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, 98338 has remained a Seller's Market.
Housing Prices in 98338, WA
How much do homes in 98338, WA cost?
Median Sold Price
$527,500
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98338 was $527,500 in March 2024, down 2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $350K | +45.8% |
2 Bedrooms | $445K | $425K | -4.5% |
3 Bedrooms | $511K | $500.5K | -2.1% |
4 Bedrooms | $618K | $564.9K | -8.6% |
5+ Bedrooms | $588.5K | $564.9K | -4.0% |
Summary: 98338 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 4%.
Housing Supply in 98338, WA
How many homes are available in 98338, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 119 | -5.6% |
Summary: The 98338 real estate market had 119 homes for sale in March 2024, a 5.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 58 | 53 | -8.6% |
4 Bedrooms | 48 | 50 | +4.2% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 98338 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 36 | -2.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 98338 in March 2024, down by 2.7% month-over-month. Of the 36 sold homes, 19% were sold under asking, 28% were sold at asking, and 53% were sold over asking.
Days on Market for 98338, WA
How long does it take to sell a home in 98338, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 46 Days | -26.8% |
Summary: Homes in 98338 had an average of 46 days on market in Mar 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 98338; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.