Is 98354, 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, 98354 has remained a Seller's Market.
Housing Prices in 98354, WA
How much do homes in 98354, WA cost?
Median Sold Price
$600,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98354 was $600,000 in April 2024, up 16.1% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $344.9K | - | N/A |
2 Bedrooms | $390K | $369.9K | -5.1% |
3 Bedrooms | $510K | $585K | +14.7% |
4 Bedrooms | $554K | $640K | +15.5% |
5+ Bedrooms | $820K | $739.9K | -9.8% |
Summary: 98354 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 9.8%.
Housing Supply in 98354, WA
How many homes are available in 98354, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Summary: The 98354 real estate market had 29 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 98354 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 98354 in April 2024, up by 400.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 98354, WA
How long does it take to sell a home in 98354, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 48 Days | +78.9% |
Summary: Homes in 98354 had an average of 48 days on market in Apr 2024, up by 78.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 98354; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.