Is 98356, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98356 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 98356 has remained a Seller's Market.

Key Takeaway

98356 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98356, WA

How much do homes in 98356, WA cost?

Median Sold Price

$352,500

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$45,000(+14.6%)

Key Takeaway

Homes in 98356 have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in 98356 was $352,500 in April 2024, up 14.6% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $268K$344.9K
+28.7%
2 $279K$294K
+5.4%
3 $310K$405K
+30.6%
4 $380K$379K
-0.3%
5+ -$737K
N/A

Summary: 98356 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98356
+14.6%
98564
-17.0%

Housing Supply in 98356, WA

How many homes are available in 98356, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
911+22.2%

Summary: The 98356 real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 56
+20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 98356 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 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98356, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 98356 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 98356, WA

How long does it take to sell a home in 98356, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
72 Days91 Days+25.7%

Summary: Homes in 98356 had an average of 91 days on market in Apr 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98356 has remained consistent over time.

Summary: During April 2024, 2 homes were sold in 98356; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in 98356, WA

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