Is 98532, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98532 was a Seller's Market.
Key Takeaway
98532 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98532, WA
How much do homes in 98532, WA cost?
Median Sold Price
$445,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98532 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 98532 was $445,500 in March 2024, up 1.7% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $404.2K | +118.5% |
| 2 Bedrooms | $296K | $325K | +9.8% |
| 3 Bedrooms | $450K | $444.7K | -1.2% |
| 4 Bedrooms | $490.5K | $475K | -3.2% |
| 5+ Bedrooms | $549.7K | $631.2K | +14.8% |
Summary: 98532 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 118.5%, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in 98532, WA
How many homes are available in 98532, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 105 | 118 | +12.4% |
Summary: The 98532 real estate market had 118 homes for sale in March 2024, a 12.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 58 | 64 | +10.3% |
| 4 Bedrooms | 23 | 32 | +39.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 98532 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98532, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 98532 in March 2024, down by 25.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% were sold over asking.
Days on Market for 98532, WA
How long does it take to sell a home in 98532, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 48 Days | -43.2% |
Summary: Homes in 98532 had an average of 48 days on market in Mar 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98532 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in 98532; 67% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 27% 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.