Is 98664, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98664 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 98664 has remained a Seller's Market.

Key Takeaway

98664 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98664, WA

How much do homes in 98664, WA cost?

Median Sold Price

$473,000

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,750(+4.6%)

Key Takeaway

Homes in 98664 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 98664 was $473,000 in April 2024, up 4.6% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $262.5K$279K
+6.3%
2 $320K$334K
+4.4%
3 $446K$462.9K
+3.8%
4 $582.5K$572.5K
-1.7%
5+ $690.2K$940K
+36.2%

Summary: 98664 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 36.2%.

Median Sold Price Compared To Nearby Zip Codes

98684
+6.7%
98664
+4.6%
98661
+3.2%
98683
+2.2%
98662
-0.6%

Housing Supply in 98664, WA

How many homes are available in 98664, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7280+11.1%

Summary: The 98664 real estate market had 80 homes for sale in April 2024, a 11.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1417
+21.4%
3 3543
+22.9%
4 1715
-11.8%
5+ 65
-16.7%

Summary: The 98664 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 increased by 21.4%, 3 bedroom homes increased by 22.9%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2117-19.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98664, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 98664 in April 2024, down by 19.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% were sold over asking.

Days on Market for 98664, WA

How long does it take to sell a home in 98664, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
39 Days49 Days+24.6%

Summary: Homes in 98664 had an average of 49 days on market in Apr 2024, up by 24.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98664 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 17 homes were sold in 98664; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% 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 1 Day Ago

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