Is 98841, 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, 98841 has remained a Seller's Market.
Housing Prices in 98841, WA
How much do homes in 98841, WA cost?
Median Sold Price
$287,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 98841 was $287,000 in March 2024, up 0.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $178.7K | +9.6% |
2 Bedrooms | $178K | $125K | -29.8% |
3 Bedrooms | $286K | $325K | +13.6% |
4 Bedrooms | $374K | $386K | +3.2% |
5+ Bedrooms | $536K | $463K | -13.6% |
Summary: 98841 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 29.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Zip Codes
98841 | $285K | $287K | +0.7% |
98840 | $275.4K | $250K | -9.2% |
Housing Supply in 98841, WA
How many homes are available in 98841, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Summary: The 98841 real estate market had 33 homes for sale in March 2024, a 37.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 9 | +125.0% |
3 Bedrooms | 9 | 15 | +66.7% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 98841 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 98841 in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 98841, WA
How long does it take to sell a home in 98841, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 67 Days | +138.1% |
Summary: Homes in 98841 had an average of 67 days on market in Mar 2024, up by 138.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 98841; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.