Is 98577, 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, 98577 was a Seller's Market.
Housing Prices in 98577, WA
How much do homes in 98577, WA cost?
Median Sold Price
$260,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98577 was $260,000 in March 2024, down 6.3% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $202.5K | +47.3% |
2 Bedrooms | $245K | $250.9K | +2.4% |
3 Bedrooms | $285K | $264K | -7.4% |
4 Bedrooms | $290K | $290K | 0.0% |
5+ Bedrooms | $270K | - | N/A |
Summary: 98577 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
98586 | $287.4K | $359K | +24.9% |
98572 | $288.5K | $295K | +2.3% |
98577 | $277.5K | $260K | -6.3% |
Housing Supply in 98577, WA
How many homes are available in 98577, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 40 | +29.0% |
Summary: The 98577 real estate market had 40 homes for sale in March 2024, a 29.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 98577 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 41.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 98577 in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 98577, WA
How long does it take to sell a home in 98577, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 46 Days | +0.7% |
Summary: Homes in 98577 had an average of 46 days on market in Mar 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 98577; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.