Is 98624, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98624 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 98624 has remained a Seller's Market.

Key Takeaway

98624 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98624, WA

How much do homes in 98624, WA cost?

Median Sold Price

$522,500

$274/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$163,500(+45.5%)

Key Takeaway

Homes in 98624 have sold for 45.5% more than they did a month ago.

Summary: The median home sold price in 98624 was $522,500 in April 2024, up 45.5% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $249K-
N/A
2 $359K$840K
+134.0%
3 -$318.5K
N/A
4 --
N/A
5+ --
N/A

Summary: 98624 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 134%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 98624, WA

How many homes are available in 98624, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1211-8.3%

Summary: The 98624 real estate market had 11 homes for sale in April 2024, a 8.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 42
-50.0%
3 46
+50.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 98624 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98624, 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 98624 in April 2024, up by 33.3% month-over-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 98624, WA

How long does it take to sell a home in 98624, WA?

Average Sale Time

Mar 2024Apr 2024CHANGE
3 Days32 Days+786.4%

Summary: Homes in 98624 had an average of 32 days on market in Apr 2024, up by 786.4% compared to last month.

Breakdown of Home Sale Times

2 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 98624 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in 98624; 50% of homes were sold within 30 days, 50% 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 4 Days Ago

Newest Listings in 98624, WA

Nearby Markets to 98624, WA