Is 98408, 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, 98408 has remained a Seller's Market.
Housing Prices in 98408, WA
How much do homes in 98408, WA cost?
Median Sold Price
$415,000
$290/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 98408 was $415,000 in March 2024, the same as last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $298.4K | $350K | +17.3% |
2 Bedrooms | $370K | $369.2K | -0.2% |
3 Bedrooms | $425K | $423.5K | -0.4% |
4 Bedrooms | $485K | $472.4K | -2.6% |
5+ Bedrooms | $521.7K | $508K | -2.6% |
Summary: 98408 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 98408, WA
How many homes are available in 98408, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 67 | -9.5% |
Summary: The 98408 real estate market had 67 homes for sale in March 2024, a 9.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 40 | 35 | -12.5% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 98408 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 98408 in March 2024, down by 12.5% month-over-month. Of the 21 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for 98408, WA
How long does it take to sell a home in 98408, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 31 Days | -8.2% |
Summary: Homes in 98408 had an average of 31 days on market in Mar 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 98408; 76% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.