Is 98801, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 98801 has remained a Seller's Market.
Housing Prices in 98801, WA
How much do homes in 98801, WA cost?
Median Sold Price
$504,750
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $275K | +31.0% |
2 Bedrooms | $344.9K | $364.4K | +5.7% |
3 Bedrooms | $525K | $489.9K | -6.7% |
4 Bedrooms | $595K | $662.5K | +11.3% |
5+ Bedrooms | $608.2K | $689K | +13.3% |
Summary: 98801 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in 98801, WA
How many homes are available in 98801, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 101 | +21.7% |
Summary: The 98801 real estate market had 101 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 7 | 13 | +85.7% |
3 Bedrooms | 50 | 53 | +6.0% |
4 Bedrooms | 18 | 22 | +22.2% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 98801 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 85.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 98801 in March 2024, up by 8.0% month-over-month. Of the 27 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.
Days on Market for 98801, WA
How long does it take to sell a home in 98801, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 49 Days | -2.5% |
Summary: Homes in 98801 had an average of 49 days on market in Mar 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 98801; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.