Is 98596, 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, 98596 has remained a Seller's Market.
Housing Prices in 98596, WA
How much do homes in 98596, WA cost?
Median Sold Price
$395,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98596 was $395,000 in April 2024, down 4.2% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $278.1K | +39.1% |
2 Bedrooms | $364K | $350K | -3.8% |
3 Bedrooms | $417.5K | $389.9K | -6.6% |
4 Bedrooms | $425.5K | $477.4K | +12.2% |
5+ Bedrooms | $475K | $474.5K | -0.1% |
Summary: 98596 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in 98596, WA
How many homes are available in 98596, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 45 | -6.3% |
Summary: The 98596 real estate market had 45 homes for sale in April 2024, a 6.3% decrease 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 | 1 | 0 | -100.0% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 98596 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 100%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 98596 in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 98596, WA
How long does it take to sell a home in 98596, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 44 Days | +65.0% |
Summary: Homes in 98596 had an average of 44 days on market in Apr 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 98596; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.