Is 98506, 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, 98506 has remained a Seller's Market.
Housing Prices in 98506, WA
How much do homes in 98506, WA cost?
Median Sold Price
$515,500
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98506 was $515,500 in March 2024, up 2.7% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $347.5K | $312.5K | -10.1% |
2 Bedrooms | $420K | $430K | +2.4% |
3 Bedrooms | $510K | $516K | +1.2% |
4 Bedrooms | $650K | $645K | -0.8% |
5+ Bedrooms | $700K | $822.5K | +17.5% |
Summary: 98506 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 17.5%.
Housing Supply in 98506, WA
How many homes are available in 98506, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 46 | +31.4% |
Summary: The 98506 real estate market had 46 homes for sale in March 2024, a 31.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 98506 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 60%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 98506 in March 2024, up by 350.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for 98506, WA
How long does it take to sell a home in 98506, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 27 Days | -11.1% |
Summary: Homes in 98506 had an average of 27 days on market in Mar 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 98506; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.