Is 98362, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98362 is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, 98362 has remained a Seller's Market.

Key Takeaway

98362 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 98362, WA cost?

Median Sold Price

$415,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$16,500(+4.1%)

Key Takeaway

Homes in 98362 have sold for 4.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $197.5K$285K
+44.3%
2 $305K$332.5K
+9.0%
3 $411.2K$416K
+1.2%
4 $420K$429.9K
+2.4%
5+ $470K$505K
+7.4%

Median Sold Price Compared To Nearby Zip Codes

98362
+4.1%
98382
+3.8%
98363
-2.3%

How many homes are available in 98362, WA?

Number of Homes For Sale

Nov 2022Dec 2022%
4437-15.9%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 1110
-9.1%
3 1818
0.0%
4 117
-36.4%
5+ 31
-66.7%

Number of Homes Sold

Nov 2022Dec 2022%
1314+7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98362, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
27 Days41 Days+51.8%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98362 are selling fast, if you're buying plan to act quickly.

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

About 98362, WA

Number of homes for sale in 98362, WA real estate market have reached 37. The number of listings in 98362, WA decreased by 15.9% between November 2022 and December 2022. The median list price of listings available in December 2022 was $415,000, while the average time on the real estate market was 41 days. Listing prices have changed in this real estate market between November 2022 and December 2022: 1 bedroom properties prices increased by 44.3%, 2 bedrooms properties became 9% more expensive, 3 bedrooms properties prices increased by 1.2%, 4 bedrooms properties prices increased by 2.4%, prices of 5 bedrooms properties went up by 7.4%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 9.1%, 3 bedrooms homes did not move, 4 bedrooms homes became 36.4% less available, 5 bedrooms homes became 66.7% less available. In December 2022 more than 4 listings in 98362, WA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 5 were sold below.