Is 98632, 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, 98632 has remained a Seller's Market.
Housing Prices in 98632, WA
How much do homes in 98632, WA cost?
Median Sold Price
$370,100
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98632 was $370,100 in April 2024, up 0.2% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202K | $248.8K | +23.2% |
2 Bedrooms | $282K | $286.5K | +1.6% |
3 Bedrooms | $375K | $380.6K | +1.5% |
4 Bedrooms | $460K | $450K | -2.2% |
5+ Bedrooms | $500K | $463.1K | -7.4% |
Summary: 98632 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 98632, WA
How many homes are available in 98632, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
265 | 260 | -1.9% |
Summary: The 98632 real estate market had 260 homes for sale in April 2024, a 1.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 63 | 55 | -12.7% |
3 Bedrooms | 128 | 116 | -9.4% |
4 Bedrooms | 64 | 68 | +6.3% |
5+ Bedrooms | 6 | 19 | +216.7% |
Summary: The 98632 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 216.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 77 | -12.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in 98632 in April 2024, down by 12.5% month-over-month. Of the 77 sold homes, 32% were sold under asking, 25% were sold at asking, and 43% were sold over asking.
Days on Market for 98632, WA
How long does it take to sell a home in 98632, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 38 Days | +4.9% |
Summary: Homes in 98632 had an average of 38 days on market in Apr 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 77 homes were sold in 98632; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.