Is 98645, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98645 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 98645 was a Buyer's Market.

Key Takeaway

98645 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 98645, WA

How much do homes in 98645, WA cost?

Median Sold Price

$508,000

$294/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$33,000(+6.9%)

Key Takeaway

Homes in 98645 have sold for 6.9% more than they did a month ago.

Summary: The median home sold price in 98645 was $508,000 in April 2024, up 6.9% from last month, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $475K$508K
+6.9%
4 --
N/A
5+ --
N/A

Summary: 98645 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98645
+6.9%
98649
-13.8%

Housing Supply in 98645, WA

How many homes are available in 98645, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
107-30.0%

Summary: The 98645 real estate market had 7 homes for sale in April 2024, a 30.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 107
-30.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 98645 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 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98645, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 98645 in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 98645, WA

How long does it take to sell a home in 98645, WA?

Average Sale Time

Mar 2024Apr 2024CHANGE
103 Days137 Days+33.0%

Summary: Homes in 98645 had an average of 137 days on market in Apr 2024, up by 33% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98645 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in 98645; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 98645, WA

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