Is 98570, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98570 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 98570 was a Seller's Market.

Key Takeaway

98570 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 98570, WA

How much do homes in 98570, WA cost?

Median Sold Price

$487,500

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$57,250(+13.3%)

Key Takeaway

Homes in 98570 have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in 98570 was $487,500 in April 2024, up 13.3% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$562.5K
N/A
2 $304.9K$325K
+6.6%
3 $415K$490K
+18.1%
4 $594.9K$571K
-4.0%
5+ --
N/A

Summary: 98570 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes did not change.

Housing Supply in 98570, WA

How many homes are available in 98570, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3234+6.3%

Summary: The 98570 real estate market had 34 homes for sale in April 2024, a 6.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 2221
-4.5%
4 37
+133.3%
5+ 22
0.0%

Summary: The 98570 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 decreased by 25%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98570, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 98570 in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 98570, WA

How long does it take to sell a home in 98570, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
26 Days126 Days+370.1%

Summary: Homes in 98570 had an average of 126 days on market in Apr 2024, up by 370.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98570 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 5 homes were sold in 98570; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 19 Days Ago

Newest Listings in 98570, WA

Nearby Markets to 98570, WA