Is 98424, 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, 98424 has remained a Seller's Market.
Housing Prices in 98424, WA
How much do homes in 98424, WA cost?
Median Sold Price
$490,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98424 was $490,000 in April 2024, down 8.8% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $410K | $424.9K | +3.6% |
3 Bedrooms | $509.9K | $501.7K | -1.6% |
4 Bedrooms | $590K | $547.5K | -7.2% |
5+ Bedrooms | $622.5K | $637.5K | +2.4% |
Summary: 98424 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 3.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Zip Codes
98354 | $517K | $600K | +16.1% |
98371 | $603.3K | $585K | -3.0% |
98443 | $595K | $550K | -7.6% |
98424 | $537K | $490K | -8.8% |
Housing Supply in 98424, WA
How many homes are available in 98424, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The 98424 real estate market had 19 homes for sale in April 2024, a 5.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 98424 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 decreased by 40%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 98424 in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 98424, WA
How long does it take to sell a home in 98424, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 23 Days | +22.6% |
Summary: Homes in 98424 had an average of 23 days on market in Apr 2024, up by 22.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 98424; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.