Is 98569, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98569 is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, 98569 has remained a Buyer's Market.

Key Takeaway

98569 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98569, WA

How much do homes in 98569, WA cost?

Median Sold Price

$373,445

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$16,487(-4.2%)

Key Takeaway

Homes in 98569 have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in 98569 was $373,445 in April 2024, down 4.2% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $219K$145K
-33.8%
2 $365K$349K
-4.4%
3 $439.9K$415K
-5.7%
4 $553K$497.5K
-10.0%
5+ $315K$862.5K
+173.8%

Summary: 98569 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 173.8%.

Median Sold Price Compared To Nearby Zip Codes

98550
0.4%
98569
-4.2%
98595
-10.6%

Housing Supply in 98569, WA

How many homes are available in 98569, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
179210+17.3%

Summary: The 98569 real estate market had 210 homes for sale in April 2024, a 17.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1622
+37.5%
2 6479
+23.4%
3 7683
+9.2%
4 1821
+16.7%
5+ 55
0.0%

Summary: The 98569 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3422-35.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98569, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 98569 in April 2024, down by 35.3% month-over-month. Of the 22 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% were sold over asking.

Days on Market for 98569, WA

How long does it take to sell a home in 98569, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
53 Days109 Days+106.0%

Summary: Homes in 98569 had an average of 109 days on market in Apr 2024, up by 106% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98569 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 22 homes were sold in 98569; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 45% 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 4 Days Ago

Newest Listings in 98569, WA

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