Is 98661, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98661 was a Seller's Market.
Housing Prices in 98661, WA
How much do homes in 98661, WA cost?
Median Sold Price
$450,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98661 was $450,000 in March 2024, up 4.1% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250.7K | $240K | -4.3% |
2 Bedrooms | $342K | $350K | +2.3% |
3 Bedrooms | $430K | $449.9K | +4.6% |
4 Bedrooms | $530K | $540K | +1.9% |
5+ Bedrooms | $565K | $657.5K | +16.4% |
Summary: 98661 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in 98661, WA
How many homes are available in 98661, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
157 | 156 | -0.6% |
Summary: The 98661 real estate market had 156 homes for sale in March 2024, a 0.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 29 | 29 | 0.0% |
3 Bedrooms | 69 | 73 | +5.8% |
4 Bedrooms | 41 | 39 | -4.9% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 98661 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 19 | -36.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 98661 in March 2024, down by 36.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.
Days on Market for 98661, WA
How long does it take to sell a home in 98661, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 62 Days | -2.4% |
Summary: Homes in 98661 had an average of 62 days on market in Mar 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 98661; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.