Is 98370, 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, 98370 has remained a Seller's Market.
Housing Prices in 98370, WA
How much do homes in 98370, WA cost?
Median Sold Price
$645,045
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98370 was $645,045 in March 2024, up 4.2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318.9K | $265K | -16.9% |
2 Bedrooms | $435.5K | $490K | +12.5% |
3 Bedrooms | $606K | $623.1K | +2.8% |
4 Bedrooms | $686.6K | $675K | -1.7% |
5+ Bedrooms | $850K | $655.1K | -22.9% |
Summary: 98370 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 22.9%.
Median Sold Price Compared To Nearby Zip Codes
98370 | $619.2K | $645K | +4.2% |
98392 | $426.7K | $425K | -0.4% |
Housing Supply in 98370, WA
How many homes are available in 98370, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 102 | +4.1% |
Summary: The 98370 real estate market had 102 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 41 | 51 | +24.4% |
4 Bedrooms | 34 | 31 | -8.8% |
5+ Bedrooms | 12 | 7 | -41.7% |
Summary: The 98370 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 24.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 41.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 98370 in March 2024, up by 19.2% month-over-month. Of the 31 sold homes, 19% were sold under asking, 55% were sold at asking, and 26% were sold over asking.
Days on Market for 98370, WA
How long does it take to sell a home in 98370, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 55 Days | +66.5% |
Summary: Homes in 98370 had an average of 55 days on market in Mar 2024, up by 66.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 98370; 58% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.