Is 98371, 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, 98371 has remained a Seller's Market.
Housing Prices in 98371, WA
How much do homes in 98371, WA cost?
Median Sold Price
$585,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98371 was $585,000 in April 2024, down 3% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $357.2K | $330K | -7.6% |
2 Bedrooms | $426K | $403.5K | -5.3% |
3 Bedrooms | $575K | $573K | -0.3% |
4 Bedrooms | $650K | $672.5K | +3.5% |
5+ Bedrooms | $799.9K | $750K | -6.2% |
Summary: 98371 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 6.2%.
Housing Supply in 98371, WA
How many homes are available in 98371, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 78 | +23.8% |
Summary: The 98371 real estate market had 78 homes for sale in April 2024, a 23.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 98371 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 98371 in April 2024, up by 23.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for 98371, WA
How long does it take to sell a home in 98371, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 27 Days | -47.9% |
Summary: Homes in 98371 had an average of 27 days on market in Apr 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in 98371; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.