Is 98349, 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, 98349 has remained a Seller's Market.
Housing Prices in 98349, WA
How much do homes in 98349, WA cost?
Median Sold Price
$405,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98349 was $405,000 in April 2024, down 2.4% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $433.5K | $235K | -45.8% |
2 Bedrooms | $350K | $327.5K | -6.4% |
3 Bedrooms | $417K | $413K | -1.0% |
4 Bedrooms | $521.7K | $677.5K | +29.9% |
5+ Bedrooms | $769.9K | $625K | -18.8% |
Summary: 98349 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes decreased by 18.8%.
Housing Supply in 98349, WA
How many homes are available in 98349, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 38 | +5.6% |
Summary: The 98349 real estate market had 38 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 27 | 24 | -11.1% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 98349 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 98349 in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 98349, WA
How long does it take to sell a home in 98349, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 38 Days | -51.7% |
Summary: Homes in 98349 had an average of 38 days on market in Apr 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 98349; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.