Is 98589, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98589 has remained a Seller's Market.
Housing Prices in 98589, WA
How much do homes in 98589, WA cost?
Median Sold Price
$459,975
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98589 was $459,975 in April 2024, down 0.5% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.5K | $75.8K | -71.1% |
2 Bedrooms | $322.5K | $393K | +21.9% |
3 Bedrooms | $465K | $460K | -1.1% |
4 Bedrooms | $600K | $720K | +20.0% |
5+ Bedrooms | $502.5K | - | N/A |
Summary: 98589 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.1%, 2 bedroom homes increased by 21.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes did not change.
Housing Supply in 98589, WA
How many homes are available in 98589, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 25 | -10.7% |
Summary: The 98589 real estate market had 25 homes for sale in April 2024, a 10.7% decrease 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 | 4 | 3 | -25.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98589 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 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 98589 in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for 98589, WA
How long does it take to sell a home in 98589, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 28 Days | -28.5% |
Summary: Homes in 98589 had an average of 28 days on market in Apr 2024, down by 28.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 98589; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.