Is 98361, 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, 98361 has remained a Seller's Market.
Key Takeaway
98361 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98361, WA
How much do homes in 98361, WA cost?
Median Sold Price
$425,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98361 have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in 98361 was $425,000 in March 2024, down 6.6% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $456.5K | +30.4% |
| 2 Bedrooms | $455K | $397K | -12.7% |
| 3 Bedrooms | $557.5K | $497K | -10.9% |
| 4 Bedrooms | $580K | $487.5K | -15.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 98361 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 98377 | $335K | $407K | +21.5% |
| 98361 | $455K | $425K | -6.6% |
Housing Supply in 98361, WA
How many homes are available in 98361, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The 98361 real estate market had 23 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98361 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 increased by 10%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98361, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 98361 in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 98361, WA
How long does it take to sell a home in 98361, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 150 Days | +168.8% |
Summary: Homes in 98361 had an average of 150 days on market in Mar 2024, up by 168.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 98361 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in 98361; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.