Is 98513, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98513 is a seller's market

Buyer's
Market

Difference Since February 2022

Since last year, 98513 has remained a Seller's Market.

Key Takeaway

98513 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 98513, WA cost?

Median Sold Price

$495,333

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$45,333(+10.1%)

Key Takeaway

Homes in 98513 have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $250K$262.5K
+5.0%
2 $385K$410K
+6.5%
3 $434.9K$473.7K
+8.9%
4 $495K$535K
+8.1%
5+ $515K$565.9K
+9.9%

Median Sold Price Compared To Nearby Zip Codes

98327
+12.0%
98516
+10.4%
98513
+10.1%
98503
+7.3%
98501
+3.6%

How many homes are available in 98513, WA?

Number of Homes For Sale

Jan 2023Feb 2023%
111119+7.2%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 34
+33.3%
2 1310
-23.1%
3 6867
-1.5%
4 2431
+29.2%
5+ 37
+133.3%

Number of Homes Sold

Jan 2023Feb 2023%
2639+50.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98513, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
14 Days59 Days+322.0%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98513 are selling fast, if you're buying plan to act quickly.

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

About 98513, WA

98513, WA has 119 homes on the market. The number of listings in 98513, WA increased by 7.2% between January 2023 and February 2023. The median list price of listings available in February 2023 was $495,333, while the average time on the real estate market was 59 days. Real estate listing prices changed between January 2023 and February 2023: prices of 1 bedroom properties went up by 5%, prices of 2 bedrooms properties went up by 6.5%, prices of 3 bedrooms properties went up by 8.9%, prices of 4 bedrooms properties went up by 8.1%, 5 bedrooms properties became 9.9% more expensive. Volume of homes for sale changed: volume of 1 bedroom homes went up by 33.3%, 2 bedrooms homes inventory decreased by 23.1%, volume of 3 bedrooms homes went down by 1.5%, 4 bedrooms homes became 29.2% more available, 5 bedrooms homes inventory increased by 133.3%. While more than 11 listings in 98513, WA in February 2023 were sold above asking price, there were more than 10 listings sold at asking price, and more than 18 were sold below.