Is 98683, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98683 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 98683 has remained a Seller's Market.

Key Takeaway

98683 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98683, WA

How much do homes in 98683, WA cost?

Median Sold Price

$550,000

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,916(+2.2%)

Key Takeaway

Homes in 98683 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 98683 was $550,000 in April 2024, up 2.2% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $315K$225K
-28.6%
2 $425K$467.5K
+10.0%
3 $500K$519K
+3.8%
4 $592.5K$624K
+5.3%
5+ $831K$759.7K
-8.6%

Summary: 98683 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 8.6%.

Median Sold Price Compared To Nearby Zip Codes

98684
+6.7%
98607
+3.1%
98683
+2.2%

Housing Supply in 98683, WA

How many homes are available in 98683, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
105122+16.2%

Summary: The 98683 real estate market had 122 homes for sale in April 2024, a 16.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1720
+17.6%
3 5665
+16.1%
4 2427
+12.5%
5+ 810
+25.0%

Summary: The 98683 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 17.6%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2833+17.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98683, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 98683 in April 2024, up by 17.9% month-over-month. Of the 33 sold homes, 42% were sold under asking, 36% were sold at asking, and 21% were sold over asking.

Days on Market for 98683, WA

How long does it take to sell a home in 98683, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
15 Days20 Days+32.1%

Summary: Homes in 98683 had an average of 20 days on market in Apr 2024, up by 32.1% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98683 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 33 homes were sold in 98683; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% 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 98683, WA

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