Is 98520, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 98520 was a Seller's Market.
Key Takeaway
98520 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 98520, WA
How much do homes in 98520, WA cost?
Median Sold Price
$289,966
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 98520 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 98520 was $289,966 in April 2024, up 5.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $184.9K | +42.3% |
| 2 Bedrooms | $230K | $219.9K | -4.3% |
| 3 Bedrooms | $285K | $300K | +5.3% |
| 4 Bedrooms | $298.4K | $335K | +12.2% |
| 5+ Bedrooms | $353K | $390K | +10.5% |
Summary: 98520 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in 98520, WA
How many homes are available in 98520, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 77 | -4.9% |
Summary: The 98520 real estate market had 77 homes for sale in April 2024, a 4.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 43 | 41 | -4.7% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 98520 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 12 | -60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98520, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 98520 in April 2024, down by 60.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for 98520, WA
How long does it take to sell a home in 98520, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 82 Days | 28 Days | -65.2% |
Summary: Homes in 98520 had an average of 28 days on market in Apr 2024, down by 65.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98520 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in 98520; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.