Is 98620, 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, 98620 was a Seller's Market.
Key Takeaway
98620 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98620, WA
How much do homes in 98620, WA cost?
Median Sold Price
$310,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 98620 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 98620 was $310,500 in March 2024, up 4.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $442.5K | $299.9K | -32.2% |
| 2 Bedrooms | $216.7K | $226.4K | +4.5% |
| 3 Bedrooms | $310K | $322.5K | +4.0% |
| 4 Bedrooms | $512.5K | $280K | -45.4% |
| 5+ Bedrooms | $416.5K | $650K | +56.1% |
Summary: 98620 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 45.4%, and 5+ bedroom homes increased by 56.1%.
Housing Supply in 98620, WA
How many homes are available in 98620, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The 98620 real estate market had 53 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 98620 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 98620, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 98620 in March 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 98620, WA
How long does it take to sell a home in 98620, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 100 Days | +46.4% |
Summary: Homes in 98620 had an average of 100 days on market in Mar 2024, up by 46.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 98620 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in 98620; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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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.