Is 98612, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 98612 has remained a Buyer's Market.
Key Takeaway
98612 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98612, WA
How much do homes in 98612, WA cost?
Median Sold Price
$454,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 98612 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 98612 was $454,500 in April 2024, up 6.9% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269.9K | $335K | +24.1% |
| 2 Bedrooms | $395K | $600K | +51.9% |
| 3 Bedrooms | $435K | $440K | +1.1% |
| 4 Bedrooms | $460K | $485K | +5.4% |
| 5+ Bedrooms | $445K | $519.2K | +16.7% |
Summary: 98612 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 51.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Zip Codes
| 98581 | $225K | $269.9K | +20.0% |
| 98612 | $425K | $454.5K | +6.9% |
| 98632 | $369.4K | $370.1K | 0.2% |
Housing Supply in 98612, WA
How many homes are available in 98612, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The 98612 real estate market had 32 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98612 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 35.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 98612, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 98612 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 98612, WA
How long does it take to sell a home in 98612, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 434 Days | 55 Days | -87.3% |
Summary: Homes in 98612 had an average of 55 days on market in Apr 2024, down by 87.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 98612 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 98612; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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. 
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.