Is 98629, 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, 98629 has remained a Seller's Market.
Housing Prices in 98629, WA
How much do homes in 98629, WA cost?
Median Sold Price
$602,320
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98629 was $602,320 in April 2024, down 5.9% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $496.5K | N/A |
2 Bedrooms | $534.9K | - | N/A |
3 Bedrooms | $601K | $541.3K | -9.9% |
4 Bedrooms | $644.9K | $618.6K | -4.1% |
5+ Bedrooms | $766.5K | $603.5K | -21.3% |
Summary: 98629 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 did not change, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 21.3%.
Housing Supply in 98629, WA
How many homes are available in 98629, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 59 | -19.2% |
Summary: The 98629 real estate market had 59 homes for sale in April 2024, a 19.2% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 20 | 15 | -25.0% |
4 Bedrooms | 34 | 27 | -20.6% |
5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The 98629 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 decreased by 25%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 13 | -38.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 98629 in April 2024, down by 38.1% month-over-month. Of the 13 sold homes, 23% were sold under asking, 54% were sold at asking, and 23% were sold over asking.
Days on Market for 98629, WA
How long does it take to sell a home in 98629, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 40 Days | -41.5% |
Summary: Homes in 98629 had an average of 40 days on market in Apr 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 98629; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.