Is 98686, 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, 98686 has remained a Seller's Market.
Housing Prices in 98686, WA
How much do homes in 98686, WA cost?
Median Sold Price
$520,200
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98686 was $520,200 in April 2024, down 5.3% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239K | $237.5K | -0.6% |
2 Bedrooms | $301.4K | $360K | +19.4% |
3 Bedrooms | $495K | $474.9K | -4.1% |
4 Bedrooms | $615K | $628.7K | +2.2% |
5+ Bedrooms | $739.9K | $714K | -3.5% |
Summary: 98686 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in 98686, WA
How many homes are available in 98686, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 134 | -2.2% |
Summary: The 98686 real estate market had 134 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 79 | 66 | -16.5% |
4 Bedrooms | 36 | 44 | +22.2% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 98686 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 33 | -10.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 98686 in April 2024, down by 10.8% month-over-month. Of the 33 sold homes, 45% were sold under asking, 33% were sold at asking, and 21% were sold over asking.
Days on Market for 98686, WA
How long does it take to sell a home in 98686, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 30 Days | +69.9% |
Summary: Homes in 98686 had an average of 30 days on market in Apr 2024, up by 69.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in 98686; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.