Is 98368, 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, 98368 has remained a Seller's Market.
Key Takeaway
98368 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98368, WA
How much do homes in 98368, WA cost?
Median Sold Price
$683,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98368 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 98368 was $683,000 in March 2024, up 4% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $490K | $449.9K | -8.2% |
| 2 Bedrooms | $582.5K | $642.5K | +10.3% |
| 3 Bedrooms | $696.7K | $722.4K | +3.7% |
| 4 Bedrooms | $799.5K | $795K | -0.6% |
| 5+ Bedrooms | $895K | $1.3M | +53.6% |
Summary: 98368 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 53.6%.
Median Sold Price Compared To Nearby Zip Codes
| 98368 | $657K | $683K | +4.0% |
| 98382 | $540.1K | $544.5K | +0.8% |
Housing Supply in 98368, WA
How many homes are available in 98368, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 54 | -3.6% |
Summary: The 98368 real estate market had 54 homes for sale in March 2024, a 3.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 98368 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98368, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in 98368 in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for 98368, WA
How long does it take to sell a home in 98368, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 21 Days | -40.9% |
Summary: Homes in 98368 had an average of 21 days on market in Mar 2024, down by 40.9% compared to last year.
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
Key Takeaway
Many homes in 98368 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in 98368; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.