Is 98685, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 98685 was a Seller's Market.
Housing Prices in 98685, WA
How much do homes in 98685, WA cost?
Median Sold Price
$600,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98685 was $600,000 in March 2024, up 9.6% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $360K | $340K | -5.6% |
3 Bedrooms | $499.7K | $502.4K | 0.5% |
4 Bedrooms | $647K | $675.4K | +4.4% |
5+ Bedrooms | $815K | $770K | -5.5% |
Summary: 98685 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in 98685, WA
How many homes are available in 98685, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
149 | 138 | -7.4% |
Summary: The 98685 real estate market had 138 homes for sale in March 2024, a 7.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 56 | 42 | -25.0% |
4 Bedrooms | 54 | 54 | 0.0% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The 98685 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 23 | -32.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 98685 in March 2024, down by 32.4% month-over-month. Of the 23 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% were sold over asking.
Days on Market for 98685, WA
How long does it take to sell a home in 98685, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 35 Days | -11.7% |
Summary: Homes in 98685 had an average of 35 days on market in Mar 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 98685; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.