Is 98382, 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, 98382 has remained a Seller's Market.
Housing Prices in 98382, WA
How much do homes in 98382, WA cost?
Median Sold Price
$544,500
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98382 was $544,500 in March 2024, up 0.8% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $357K | $320K | -10.4% |
2 Bedrooms | $450K | $459K | +2.0% |
3 Bedrooms | $585K | $573.1K | -2.0% |
4 Bedrooms | $718.5K | $707.5K | -1.5% |
5+ Bedrooms | $502.5K | $1.0M | +109.5% |
Summary: 98382 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 109.5%.
Housing Supply in 98382, WA
How many homes are available in 98382, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 117 | +13.6% |
Summary: The 98382 real estate market had 117 homes for sale in March 2024, a 13.6% 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 | 28 | 36 | +28.6% |
3 Bedrooms | 63 | 65 | +3.2% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 98382 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 28.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 98382 in March 2024, up by 40.0% month-over-month. Of the 35 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for 98382, WA
How long does it take to sell a home in 98382, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 55 Days | +9.0% |
Summary: Homes in 98382 had an average of 55 days on market in Mar 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in 98382; 49% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.