Is 98611, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, 98611 was a Seller's Market.
Key Takeaway
98611 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in 98611, WA cost?
Median Sold Price
$445,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$20,100(+4.7%)
Key Takeaway
Homes in 98611 have sold for 4.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $305K | $342.5K | +12.3% |
| 2 Bedrooms | $274.9K | $273K | -0.7% |
| 3 Bedrooms | $402.5K | $439K | +9.1% |
| 4 Bedrooms | $497.2K | $585K | +17.6% |
| 5+ Bedrooms | $480K | $602K | +25.4% |
How many homes are available in 98611, WA?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 66 | 80 | +21.2% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 41 | 50 | +22.0% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98611, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 67 Days | 90 Days | +35.2% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 98611 are taking a long time to sell, it's a good idea to negotiate on homes here.
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 © 2023 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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 © 2023 Northwest MLS. All rights reserved.