Is 98422, 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, 98422 has remained a Seller's Market.
Housing Prices in 98422, WA
How much do homes in 98422, WA cost?
Median Sold Price
$680,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98422 was $680,000 in April 2024, up 5.9% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $514K | N/A |
2 Bedrooms | $430K | $460K | +7.0% |
3 Bedrooms | $570K | $629K | +10.4% |
4 Bedrooms | $818.4K | $744.9K | -9.0% |
5+ Bedrooms | $837K | $827.5K | -1.1% |
Summary: 98422 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 7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 98422, WA
How many homes are available in 98422, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 92 | +12.2% |
Summary: The 98422 real estate market had 92 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 27 | 31 | +14.8% |
4 Bedrooms | 36 | 34 | -5.6% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 98422 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 16 | -36.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 98422 in April 2024, down by 36.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% were sold over asking.
Days on Market for 98422, WA
How long does it take to sell a home in 98422, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 40 Days | +91.7% |
Summary: Homes in 98422 had an average of 40 days on market in Apr 2024, up by 91.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 98422; 75% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.