Is 98346, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98346 was a Seller's Market.
Housing Prices in 98346, WA
How much do homes in 98346, WA cost?
Median Sold Price
$580,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98346 was $580,000 in March 2024, down 6.5% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $700.8K | +509.5% |
2 Bedrooms | $529K | $445K | -15.9% |
3 Bedrooms | $618K | $577.5K | -6.6% |
4 Bedrooms | $940K | $1.1M | +17.0% |
5+ Bedrooms | - | $643K | N/A |
Summary: 98346 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 509.5%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 17%, and 5+ bedroom homes did not change.
Housing Supply in 98346, WA
How many homes are available in 98346, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 33 | +10.0% |
Summary: The 98346 real estate market had 33 homes for sale in March 2024, a 10.0% 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 | 10 | 9 | -10.0% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98346 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 10%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 98346 in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 98346, WA
How long does it take to sell a home in 98346, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 49 Days | -43.2% |
Summary: Homes in 98346 had an average of 49 days on market in Mar 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 98346; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.