Is 98377, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98377 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 98377 was a Buyer's Market.

Key Takeaway

98377 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98377, WA

How much do homes in 98377, WA cost?

Median Sold Price

$475,000

$308/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$200,000(+72.7%)

Key Takeaway

Homes in 98377 have sold for 72.7% more than they did a month ago.

Summary: The median home sold price in 98377 was $475,000 in April 2024, up 72.7% from last month, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $275K$472.5K
+71.8%
3 -$475K
N/A
4 --
N/A
5+ --
N/A

Summary: 98377 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98377
+72.7%
98304
-22.6%

Housing Supply in 98377, WA

How many homes are available in 98377, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1518+20.0%

Summary: The 98377 real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 45
+25.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 98377 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 22.2%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98377, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 98377 in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for 98377, WA

How long does it take to sell a home in 98377, WA?

Average Sale Time

Mar 2024Apr 2024CHANGE
28 Days94 Days+236.4%

Summary: Homes in 98377 had an average of 94 days on market in Apr 2024, up by 236.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98377 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 5 homes were sold in 98377; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in 98377, WA

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