Is 98362, 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, 98362 has remained a Seller's Market.
Housing Prices in 98362, WA
How much do homes in 98362, WA cost?
Median Sold Price
$423,975
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98362 was $423,975 in March 2024, up 2.4% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $233K | -18.2% |
2 Bedrooms | $328K | $315.1K | -3.9% |
3 Bedrooms | $413K | $440K | +6.5% |
4 Bedrooms | $465K | $427.2K | -8.1% |
5+ Bedrooms | $497.5K | $497.5K | 0.0% |
Summary: 98362 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes did not change.
Housing Supply in 98362, WA
How many homes are available in 98362, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 66 | +57.1% |
Summary: The 98362 real estate market had 66 homes for sale in March 2024, a 57.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 7 | 17 | +142.9% |
3 Bedrooms | 24 | 31 | +29.2% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The 98362 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 142.9%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 98362 in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for 98362, WA
How long does it take to sell a home in 98362, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 24 Days | -48.7% |
Summary: Homes in 98362 had an average of 24 days on market in Mar 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 98362; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.