Is 98597, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 98597 has remained a Seller's Market.
Housing Prices in 98597, WA
How much do homes in 98597, WA cost?
Median Sold Price
$458,150
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98597 was $458,150 in March 2024, up 6.5% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $275K | -3.5% |
2 Bedrooms | $349.9K | $359.5K | +2.7% |
3 Bedrooms | $420K | $439.9K | +4.8% |
4 Bedrooms | $509.5K | $519.9K | +2.1% |
5+ Bedrooms | $552K | $527.5K | -4.4% |
Summary: 98597 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 98597, WA
How many homes are available in 98597, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
171 | 172 | +0.6% |
Summary: The 98597 real estate market had 172 homes for sale in March 2024, a 0.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 26 | +4.0% |
3 Bedrooms | 92 | 95 | +3.3% |
4 Bedrooms | 43 | 43 | 0.0% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The 98597 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 98597 in March 2024, the same as the previous month. Of the 43 sold homes, 12% were sold under asking, 21% were sold at asking, and 67% were sold over asking.
Days on Market for 98597, WA
How long does it take to sell a home in 98597, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 57 Days | +12.8% |
Summary: Homes in 98597 had an average of 57 days on market in Mar 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in 98597; 47% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.