Is 98611, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98611 was a Seller's Market.
Housing Prices in 98611, WA
How much do homes in 98611, WA cost?
Median Sold Price
$460,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98611 was $460,000 in March 2024, up 4.8% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $342.5K | $385K | +12.4% |
2 Bedrooms | $268K | $276K | +3.0% |
3 Bedrooms | $435K | $460K | +5.7% |
4 Bedrooms | $565K | $582.5K | +3.1% |
5+ Bedrooms | $602K | $522.5K | -13.2% |
Summary: 98611 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 13.2%.
Housing Supply in 98611, WA
How many homes are available in 98611, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 67 | +6.3% |
Summary: The 98611 real estate market had 67 homes for sale in March 2024, a 6.3% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 98611 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 200%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 98611 in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 98611, WA
How long does it take to sell a home in 98611, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 98 Days | +178.8% |
Summary: Homes in 98611 had an average of 98 days on market in Mar 2024, up by 178.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 98611; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.