Is 98502, 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, 98502 has remained a Seller's Market.
Housing Prices in 98502, WA
How much do homes in 98502, WA cost?
Median Sold Price
$550,000
$291/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in 98502 was $550,000 in April 2024, the same as last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $360K | +18.0% |
2 Bedrooms | $429.9K | $411K | -4.4% |
3 Bedrooms | $540K | $548K | +1.5% |
4 Bedrooms | $590K | $599K | +1.5% |
5+ Bedrooms | $642.5K | $630K | -1.9% |
Summary: 98502 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in 98502, WA
How many homes are available in 98502, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 101 | +31.2% |
Summary: The 98502 real estate market had 101 homes for sale in April 2024, a 31.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 37 | 45 | +21.6% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 98502 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 26.7%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 98502 in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 43% were sold under asking, 35% were sold at asking, and 22% were sold over asking.
Days on Market for 98502, WA
How long does it take to sell a home in 98502, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 51 Days | +41.1% |
Summary: Homes in 98502 had an average of 51 days on market in Apr 2024, up by 41.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 98502; 65% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.