Is 98564, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98564 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 98564 was a Seller's Market.

Key Takeaway

98564 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 98564, WA

How much do homes in 98564, WA cost?

Median Sold Price

$394,950

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$37,550(-8.7%)

Key Takeaway

Homes in 98564 have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in 98564 was $394,950 in March 2024, down 8.7% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $245K$250K
+2.0%
2 $315K$280K
-11.1%
3 $490K$430.5K
-12.1%
4 $780K$499.9K
-35.9%
5+ -$359.9K
N/A

Summary: 98564 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 35.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98356
+15.7%
98649
-1.0%
98564
-8.7%

Housing Supply in 98564, WA

How many homes are available in 98564, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1113+18.2%

Summary: The 98564 real estate market had 13 homes for sale in March 2024, a 18.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 12
+100.0%
3 67
+16.7%
4 22
0.0%
5+ 10
-100.0%

Summary: The 98564 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 increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98564, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 98564 in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 98564, WA

How long does it take to sell a home in 98564, WA?

Average Sale Time

Mar 2023Mar 2024CHANGE
47 Days54 Days+14.7%

Summary: Homes in 98564 had an average of 54 days on market in Mar 2024, up by 14.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98564 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in 98564; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in 98564, WA

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