Is 98663, 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, 98663 has remained a Seller's Market.
Housing Prices in 98663, WA
How much do homes in 98663, WA cost?
Median Sold Price
$455,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98663 was $455,000 in April 2024, down 8.3% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $345K | +30.2% |
2 Bedrooms | $365K | $392K | +7.4% |
3 Bedrooms | $488.1K | $445K | -8.8% |
4 Bedrooms | $542K | $554.5K | +2.3% |
5+ Bedrooms | $570K | $630K | +10.5% |
Summary: 98663 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in 98663, WA
How many homes are available in 98663, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 47 | +14.6% |
Summary: The 98663 real estate market had 47 homes for sale in April 2024, a 14.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 4 | 9 | +125.0% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 14 | 7 | -50.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 98663 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 increased by 125%, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 98663 in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for 98663, WA
How long does it take to sell a home in 98663, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 11 Days | -57.1% |
Summary: Homes in 98663 had an average of 11 days on market in Apr 2024, down by 57.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in 98663; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.