Is 98802, 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, 98802 has remained a Seller's Market.
Key Takeaway
98802 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98802, WA
How much do homes in 98802, WA cost?
Median Sold Price
$489,900
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 98802 has remained the same since last year.
Summary: The median home sold price in 98802 was $489,900 in April 2024, the same as last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $457.4K | $315K | -31.1% |
| 2 Bedrooms | $360K | $422.5K | +17.4% |
| 3 Bedrooms | $460K | $470K | +2.2% |
| 4 Bedrooms | $573.4K | $602.5K | +5.1% |
| 5+ Bedrooms | $608K | $687.5K | +13.1% |
Summary: 98802 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Zip Codes
| 98858 | $292.5K | $327K | +11.8% |
| 98850 | $399.5K | $410K | +2.6% |
| 98801 | $500K | $504.8K | +1.0% |
| 98802 | $489.7K | $489.9K | 0.0% |
Housing Supply in 98802, WA
How many homes are available in 98802, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 108 | 123 | +13.9% |
Summary: The 98802 real estate market had 123 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 66 | 71 | +7.6% |
| 4 Bedrooms | 22 | 29 | +31.8% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 98802 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 remained the same, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 34 | +36.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98802, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in 98802 in April 2024, up by 36.0% month-over-month. Of the 34 sold homes, 26% were sold under asking, 41% were sold at asking, and 32% were sold over asking.
Days on Market for 98802, WA
How long does it take to sell a home in 98802, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 30 Days | -46.4% |
Summary: Homes in 98802 had an average of 30 days on market in Apr 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98802 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in 98802; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.