Is 98512, 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, 98512 has remained a Seller's Market.
Housing Prices in 98512, WA
How much do homes in 98512, WA cost?
Median Sold Price
$540,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98512 was $540,000 in April 2024, up 5.5% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $360K | +20.0% |
2 Bedrooms | $397K | $415K | +4.5% |
3 Bedrooms | $500K | $515K | +3.0% |
4 Bedrooms | $586K | $590K | +0.7% |
5+ Bedrooms | $585K | $644.9K | +10.2% |
Summary: 98512 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in 98512, WA
How many homes are available in 98512, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 88 | +14.3% |
Summary: The 98512 real estate market had 88 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 41 | 47 | +14.6% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 98512 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 increased by 9.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 98512 in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 19% were sold under asking, 37% were sold at asking, and 44% were sold over asking.
Days on Market for 98512, WA
How long does it take to sell a home in 98512, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 46 Days | +96.3% |
Summary: Homes in 98512 had an average of 46 days on market in Apr 2024, up by 96.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in 98512; 59% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.