Is 98662, 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, 98662 has remained a Seller's Market.
Housing Prices in 98662, WA
How much do homes in 98662, WA cost?
Median Sold Price
$457,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98662 was $457,000 in April 2024, down 0.6% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $349.4K | $364.9K | +4.4% |
3 Bedrooms | $446.6K | $450K | +0.7% |
4 Bedrooms | $528.5K | $549.9K | +4.0% |
5+ Bedrooms | $659K | $699.9K | +6.2% |
Summary: 98662 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 increased by 4.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 98662, WA
How many homes are available in 98662, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
114 | 132 | +15.8% |
Summary: The 98662 real estate market had 132 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 10 | -23.1% |
3 Bedrooms | 74 | 86 | +16.2% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 98662 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 decreased by 23.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 36 | +28.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 98662 in April 2024, up by 28.6% month-over-month. Of the 36 sold homes, 31% were sold under asking, 36% were sold at asking, and 33% were sold over asking.
Days on Market for 98662, WA
How long does it take to sell a home in 98662, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 34 Days | +42.8% |
Summary: Homes in 98662 had an average of 34 days on market in Apr 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in 98662; 69% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.