Is 98499, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98499 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 98499 has remained a Seller's Market.

Key Takeaway

98499 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98499, WA

How much do homes in 98499, WA cost?

Median Sold Price

$445,500

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$21,975(-4.7%)

Key Takeaway

Homes in 98499 have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in 98499 was $445,500 in February 2024, down 4.7% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $205K$219.9K
+7.3%
2 $360K$355K
-1.4%
3 $455K$435.7K
-4.2%
4 $615K$502.5K
-18.3%
5+ $701K$659.9K
-5.9%

Summary: 98499 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Zip Codes

98498
+3.6%
98444
-1.2%
98499
-4.7%

Housing Supply in 98499, WA

How many homes are available in 98499, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4748+2.1%

Summary: The 98499 real estate market had 48 homes for sale in February 2024, a 2.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1111
0.0%
3 2019
-5.0%
4 1013
+30.0%
5+ 54
-20.0%

Summary: The 98499 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98499, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 98499 in February 2024, up by 40.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 36% were sold at asking, and 43% were sold over asking.

Days on Market for 98499, WA

How long does it take to sell a home in 98499, WA?

Average Sale Time

Feb 2023Feb 2024CHANGE
49 Days54 Days+9.2%

Summary: Homes in 98499 had an average of 54 days on market in Feb 2024, up by 9.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98499 has remained consistent over time.

Summary: During February 2024, 14 homes were sold in 98499; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 98499, WA

Nearby Markets to 98499, WA