Is 98445, 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, 98445 has remained a Seller's Market.
Housing Prices in 98445, WA
How much do homes in 98445, WA cost?
Median Sold Price
$465,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98445 was $465,000 in March 2024, down 0.7% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $340K | N/A |
2 Bedrooms | $360.7K | $332K | -8.0% |
3 Bedrooms | $450K | $454K | +0.9% |
4 Bedrooms | $525K | $522K | -0.6% |
5+ Bedrooms | $560K | $560K | 0.0% |
Summary: 98445 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes did not change.
Housing Supply in 98445, WA
How many homes are available in 98445, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 120 | +23.7% |
Summary: The 98445 real estate market had 120 homes for sale in March 2024, a 23.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 69 | 80 | +15.9% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The 98445 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 37 | +105.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 98445 in March 2024, up by 105.6% month-over-month. Of the 37 sold homes, 27% were sold under asking, 16% were sold at asking, and 57% were sold over asking.
Days on Market for 98445, WA
How long does it take to sell a home in 98445, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 31 Days | -43.5% |
Summary: Homes in 98445 had an average of 31 days on market in Mar 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 98445; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.