Is 98402, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98402 was a Seller's Market.
Housing Prices in 98402, WA
How much do homes in 98402, WA cost?
Median Sold Price
$449,250
$444/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98402 was $449,250 in March 2024, up 0.4% from last year, and the median price per square foot was $444.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | $360K | -11.1% |
2 Bedrooms | $490K | $497K | +1.4% |
3 Bedrooms | $442.5K | $635K | +43.5% |
4 Bedrooms | - | $467.5K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 98402 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 43.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 98402, WA
How many homes are available in 98402, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 39 | +18.2% |
Summary: The 98402 real estate market had 39 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 16 | -11.1% |
2 Bedrooms | 15 | 20 | +33.3% |
3 Bedrooms | 0 | 3 | +100.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98402 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 98402 in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 98402, WA
How long does it take to sell a home in 98402, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 29 Days | -8.8% |
Summary: Homes in 98402 had an average of 29 days on market in Mar 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 98402; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.