Is 98626, 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, 98626 has remained a Seller's Market.
Housing Prices in 98626, WA
How much do homes in 98626, WA cost?
Median Sold Price
$365,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98626 was $365,000 in April 2024, up 0.8% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212K | $214.9K | +1.4% |
2 Bedrooms | $268K | $285K | +6.3% |
3 Bedrooms | $375K | $369K | -1.6% |
4 Bedrooms | $421.5K | $450K | +6.8% |
5+ Bedrooms | $467K | $385K | -17.6% |
Summary: 98626 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 17.6%.
Housing Supply in 98626, WA
How many homes are available in 98626, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
151 | 141 | -6.6% |
Summary: The 98626 real estate market had 141 homes for sale in April 2024, a 6.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 32 | 26 | -18.8% |
3 Bedrooms | 69 | 66 | -4.3% |
4 Bedrooms | 39 | 40 | +2.6% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 98626 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 decreased by 18.8%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 98626 in April 2024, up by 2.5% month-over-month. Of the 41 sold homes, 24% were sold under asking, 34% were sold at asking, and 41% were sold over asking.
Days on Market for 98626, WA
How long does it take to sell a home in 98626, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 56 Days | +32.4% |
Summary: Homes in 98626 had an average of 56 days on market in Apr 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in 98626; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.