Is 98642, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 98642 was a Seller's Market.
Key Takeaway
98642 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 98642, WA
How much do homes in 98642, WA cost?
Median Sold Price
$614,982
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 98642 have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in 98642 was $614,982 in April 2024, down 4.6% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $525K | N/A |
| 2 Bedrooms | $450K | $411.9K | -8.5% |
| 3 Bedrooms | $565K | $538.9K | -4.6% |
| 4 Bedrooms | $692.5K | $659.9K | -4.7% |
| 5+ Bedrooms | $760K | $780K | +2.6% |
Summary: 98642 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 8.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 98642, WA
How many homes are available in 98642, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 307 | 312 | +1.6% |
Summary: The 98642 real estate market had 312 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 4 | +100.0% |
| 3 Bedrooms | 149 | 142 | -4.7% |
| 4 Bedrooms | 136 | 134 | -1.5% |
| 5+ Bedrooms | 22 | 31 | +40.9% |
Summary: The 98642 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 40.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98642, expect to pay close to the asking price. 47.8% of homes here sold near the asking price last month.
Summary: A total of 46 homes were sold or pending in 98642 in April 2024, down by 4.2% month-over-month. Of the 46 sold homes, 28% were sold under asking, 48% were sold at asking, and 24% were sold over asking.
Days on Market for 98642, WA
How long does it take to sell a home in 98642, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 79 Days | +123.4% |
Summary: Homes in 98642 had an average of 79 days on market in Apr 2024, up by 123.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98642 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 46 homes were sold in 98642; 43% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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. 
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.