Is 98375, 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, 98375 has remained a Seller's Market.
Housing Prices in 98375, WA
How much do homes in 98375, WA cost?
Median Sold Price
$516,625
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98375 was $516,625 in April 2024, down 0.6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $275K | N/A |
2 Bedrooms | $310K | $360K | +16.1% |
3 Bedrooms | $488.3K | $475K | -2.7% |
4 Bedrooms | $579K | $555K | -4.1% |
5+ Bedrooms | $599.9K | $629.9K | +5.0% |
Summary: 98375 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 5%.
Housing Supply in 98375, WA
How many homes are available in 98375, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 131 | +37.9% |
Summary: The 98375 real estate market had 131 homes for sale in April 2024, a 37.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 35 | 49 | +40.0% |
4 Bedrooms | 46 | 62 | +34.8% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 98375 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 increased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 37 | +68.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 98375 in April 2024, up by 68.2% month-over-month. Of the 37 sold homes, 11% were sold under asking, 27% were sold at asking, and 62% were sold over asking.
Days on Market for 98375, WA
How long does it take to sell a home in 98375, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 28 Days | +59.0% |
Summary: Homes in 98375 had an average of 28 days on market in Apr 2024, up by 59% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in 98375; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.