Is 98550, 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, 98550 was a Seller's Market.
Housing Prices in 98550, WA
How much do homes in 98550, WA cost?
Median Sold Price
$250,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98550 was $250,000 in April 2024, up 0.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $167K | +21.9% |
2 Bedrooms | $205K | $226.2K | +10.4% |
3 Bedrooms | $251.5K | $258K | +2.6% |
4 Bedrooms | $275.3K | $225K | -18.3% |
5+ Bedrooms | $300K | $300K | 0.0% |
Summary: 98550 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes did not change.
Housing Supply in 98550, WA
How many homes are available in 98550, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 51 | +18.6% |
Summary: The 98550 real estate market had 51 homes for sale in April 2024, a 18.6% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 98550 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 remained the same, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 98550 in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 98550, WA
How long does it take to sell a home in 98550, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 32 Days | -60.5% |
Summary: Homes in 98550 had an average of 32 days on market in Apr 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 98550; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.