Is 98360, 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, 98360 has remained a Seller's Market.
Housing Prices in 98360, WA
How much do homes in 98360, WA cost?
Median Sold Price
$561,900
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98360 was $561,900 in March 2024, up 1.2% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $465K | +66.1% |
2 Bedrooms | $435K | $487K | +12.0% |
3 Bedrooms | $500K | $490K | -2.0% |
4 Bedrooms | $585K | $615K | +5.1% |
5+ Bedrooms | $611.9K | $620K | +1.3% |
Summary: 98360 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.1%, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in 98360, WA
How many homes are available in 98360, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 62 | +14.8% |
Summary: The 98360 real estate market had 62 homes for sale in March 2024, a 14.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 14 | 19 | +35.7% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 98360 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 98360 in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for 98360, WA
How long does it take to sell a home in 98360, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 42 Days | -5.6% |
Summary: Homes in 98360 had an average of 42 days on market in Mar 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 98360; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.