Is 98591, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 98591 was a Seller's Market.
Housing Prices in 98591, WA
How much do homes in 98591, WA cost?
Median Sold Price
$450,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98591 was $450,000 in April 2024, down 13% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $372.5K | $290K | -22.1% |
2 Bedrooms | $438.5K | $380K | -13.3% |
3 Bedrooms | $539.9K | $453.3K | -16.0% |
4 Bedrooms | $520K | $626.3K | +20.5% |
5+ Bedrooms | $550K | $449.9K | -18.2% |
Summary: 98591 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 18.2%.
Housing Supply in 98591, WA
How many homes are available in 98591, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 41 | +57.7% |
Summary: The 98591 real estate market had 41 homes for sale in April 2024, a 57.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 98591 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 increased by 57.1%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 98591 in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 98591, WA
How long does it take to sell a home in 98591, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
91 Days | 4 Days | -95.3% |
Summary: Homes in 98591 had an average of 4 days on market in Apr 2024, down by 95.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 98591; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.