Is 98365, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98365 has remained a Seller's Market.
Housing Prices in 98365, WA
How much do homes in 98365, WA cost?
Median Sold Price
$635,500
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98365 was $635,500 in April 2024, up 0.1% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252K | $998K | +296.0% |
2 Bedrooms | $575K | $600K | +4.3% |
3 Bedrooms | $675K | $679.5K | +0.7% |
4 Bedrooms | $690K | $635K | -8.0% |
5+ Bedrooms | - | - | N/A |
Summary: 98365 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 296%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes did not change.
Housing Supply in 98365, WA
How many homes are available in 98365, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 44 | +12.8% |
Summary: The 98365 real estate market had 44 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 20 | 19 | -5.0% |
4 Bedrooms | 3 | 9 | +200.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98365 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 98365 in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 98365, WA
How long does it take to sell a home in 98365, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 67 Days | +47.6% |
Summary: Homes in 98365 had an average of 67 days on market in Apr 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 98365; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.