Is 98606, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98606 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 98606 has remained a Seller's Market.

Key Takeaway

98606 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98606, WA

How much do homes in 98606, WA cost?

Median Sold Price

$815,700

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,700(+0.7%)

Key Takeaway

Homes in 98606 have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in 98606 was $815,700 in April 2024, up 0.7% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $677.5K$606.7K
-10.4%
3 $717K$718.5K
0.2%
4 $860K$857.5K
-0.3%
5+ $1.1M$1.0M
-13.1%

Summary: 98606 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 13.1%.

Median Sold Price Compared To Nearby Zip Codes

98604
+3.8%
98682
+3.2%
98607
+3.1%
98606
+0.7%
98662
-0.6%

Housing Supply in 98606, WA

How many homes are available in 98606, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4853+10.4%

Summary: The 98606 real estate market had 53 homes for sale in April 2024, a 10.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1315
+15.4%
4 2525
0.0%
5+ 1013
+30.0%

Summary: The 98606 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98606, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 98606 in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 98606, WA

How long does it take to sell a home in 98606, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
10 Days18 Days+76.0%

Summary: Homes in 98606 had an average of 18 days on market in Apr 2024, up by 76% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98606 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in 98606; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in 98606, WA

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