Is 98625, 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, 98625 has remained a Seller's Market.
Key Takeaway
98625 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98625, WA
How much do homes in 98625, WA cost?
Median Sold Price
$490,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 98625 have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in 98625 was $490,000 in April 2024, down 6.7% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $560K | - | N/A |
| 2 Bedrooms | $408K | $375.2K | -8.0% |
| 3 Bedrooms | $504.5K | $490K | -2.9% |
| 4 Bedrooms | $565K | $492.5K | -12.8% |
| 5+ Bedrooms | $639K | $699.9K | +9.5% |
Summary: 98625 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 98625, WA
How many homes are available in 98625, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 61 | +27.1% |
Summary: The 98625 real estate market had 61 homes for sale in April 2024, a 27.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 28 | 35 | +25.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 98625 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 13 | +225.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98625, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 98625 in April 2024, up by 225.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for 98625, WA
How long does it take to sell a home in 98625, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 41 Days | -38.1% |
Summary: Homes in 98625 had an average of 41 days on market in Apr 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98625 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in 98625; 62% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 31% 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.