Is 98513, 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, 98513 has remained a Seller's Market.
Housing Prices in 98513, WA
How much do homes in 98513, WA cost?
Median Sold Price
$493,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98513 was $493,000 in March 2024, down 0.8% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $299.9K | +57.9% |
2 Bedrooms | $413K | $430K | +4.1% |
3 Bedrooms | $475K | $467.9K | -1.5% |
4 Bedrooms | $540K | $540K | 0.0% |
5+ Bedrooms | $562.5K | $559.9K | -0.5% |
Summary: 98513 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.9%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in 98513, WA
How many homes are available in 98513, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 105 | +11.7% |
Summary: The 98513 real estate market had 105 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 10 | 15 | +50.0% |
3 Bedrooms | 60 | 66 | +10.0% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 98513 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 50%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 98513 in March 2024, up by 18.5% month-over-month. Of the 32 sold homes, 22% were sold under asking, 47% were sold at asking, and 31% were sold over asking.
Days on Market for 98513, WA
How long does it take to sell a home in 98513, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 55 Days | +43.3% |
Summary: Homes in 98513 had an average of 55 days on market in Mar 2024, up by 43.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 98513; 53% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.