Is 98682, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98682 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 98682 has remained a Seller's Market.

Key Takeaway

98682 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98682, WA

How much do homes in 98682, WA cost?

Median Sold Price

$503,698

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,744(+3.2%)

Key Takeaway

Homes in 98682 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 98682 was $503,698 in April 2024, up 3.2% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $211K$214.9K
+1.8%
2 $275K$299.9K
+9.1%
3 $450.7K$465K
+3.2%
4 $567.3K$589.9K
+4.0%
5+ $727.5K$702K
-3.5%

Summary: 98682 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 3.5%.

Median Sold Price Compared To Nearby Zip Codes

98684
+6.7%
98682
+3.2%
98607
+3.1%
98606
+0.7%
98662
-0.6%

Housing Supply in 98682, WA

How many homes are available in 98682, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
307314+2.3%

Summary: The 98682 real estate market had 314 homes for sale in April 2024, a 2.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 713
+85.7%
3 167176
+5.4%
4 10199
-2.0%
5+ 3226
-18.8%

Summary: The 98682 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 85.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
8271-13.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98682, you could pay more than the asking price. 43.7% of homes here sold above asking price last month.

Summary: A total of 71 homes were sold or pending in 98682 in April 2024, down by 13.4% month-over-month. Of the 71 sold homes, 21% were sold under asking, 35% were sold at asking, and 44% were sold over asking.

Days on Market for 98682, WA

How long does it take to sell a home in 98682, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days56 Days+46.5%

Summary: Homes in 98682 had an average of 56 days on market in Apr 2024, up by 46.5% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98682 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 71 homes were sold in 98682; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% 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

Newest Listings in 98682, WA

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