Is 98604, 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, 98604 has remained a Seller's Market.
Key Takeaway
98604 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98604, WA
How much do homes in 98604, WA cost?
Median Sold Price
$591,866
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98604 have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in 98604 was $591,866 in March 2024, up 5.4% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $360K | N/A |
| 2 Bedrooms | $435K | $437K | 0.5% |
| 3 Bedrooms | $517.9K | $555K | +7.1% |
| 4 Bedrooms | $600K | $639.4K | +6.6% |
| 5+ Bedrooms | $749.9K | $739K | -1.5% |
Summary: 98604 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 98604, WA
How many homes are available in 98604, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 250 | 257 | +2.8% |
Summary: The 98604 real estate market had 257 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 126 | 123 | -2.4% |
| 4 Bedrooms | 91 | 99 | +8.8% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The 98604 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 remained the same, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 43 | +38.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98604, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 98604 in March 2024, up by 38.7% month-over-month. Of the 43 sold homes, 47% were sold under asking, 35% were sold at asking, and 19% were sold over asking.
Days on Market for 98604, WA
How long does it take to sell a home in 98604, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 62 Days | +24.2% |
Summary: Homes in 98604 had an average of 62 days on market in Mar 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98604 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in 98604; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.