Is 98366, 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, 98366 has remained a Seller's Market.
Housing Prices in 98366, WA
How much do homes in 98366, WA cost?
Median Sold Price
$494,499
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98366 was $494,499 in March 2024, up 6.3% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $253.5K | $290K | +14.4% |
2 Bedrooms | $378.4K | $389.9K | +3.0% |
3 Bedrooms | $450K | $465K | +3.3% |
4 Bedrooms | $520K | $520K | 0.0% |
5+ Bedrooms | $537.7K | $564.9K | +5.0% |
Summary: 98366 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5%.
Housing Supply in 98366, WA
How many homes are available in 98366, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 120 | +9.1% |
Summary: The 98366 real estate market had 120 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 15 | +50.0% |
3 Bedrooms | 64 | 67 | +4.7% |
4 Bedrooms | 36 | 36 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 98366 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 50%, 3 bedroom homes increased by 4.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 98366 in March 2024, up by 26.7% month-over-month. Of the 38 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.
Days on Market for 98366, WA
How long does it take to sell a home in 98366, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 53 Days | +22.1% |
Summary: Homes in 98366 had an average of 53 days on market in Mar 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in 98366; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.