Is 98363, 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, 98363 has remained a Seller's Market.
Housing Prices in 98363, WA
How much do homes in 98363, WA cost?
Median Sold Price
$439,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98363 was $439,000 in March 2024, up 16.1% 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 | $252.4K | $355K | +40.6% |
2 Bedrooms | $319.5K | $337K | +5.5% |
3 Bedrooms | $399K | $439.4K | +10.1% |
4 Bedrooms | $440K | $550K | +25.0% |
5+ Bedrooms | $749.5K | $712K | -5.0% |
Summary: 98363 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 98363, WA
How many homes are available in 98363, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Summary: The 98363 real estate market had 26 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 98363 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 75%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 98363 in March 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for 98363, WA
How long does it take to sell a home in 98363, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 23 Days | -58.6% |
Summary: Homes in 98363 had an average of 23 days on market in Mar 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 98363; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.