Is 98851, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 98851 was a Seller's Market.
Housing Prices in 98851, WA
How much do homes in 98851, WA cost?
Median Sold Price
$299,900
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98851 was $299,900 in April 2024, up 0.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $242.5K | +61.7% |
2 Bedrooms | $194K | $235K | +21.1% |
3 Bedrooms | $309.9K | $311.7K | +0.6% |
4 Bedrooms | $422.5K | $301K | -28.8% |
5+ Bedrooms | - | - | N/A |
Summary: 98851 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.7%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 28.8%, and 5+ bedroom homes did not change.
Housing Supply in 98851, WA
How many homes are available in 98851, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Summary: The 98851 real estate market had 24 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 98851 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 decreased by 16.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 98851 in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 98851, WA
How long does it take to sell a home in 98851, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 40 Days | -38.8% |
Summary: Homes in 98851 had an average of 40 days on market in Apr 2024, down by 38.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 98851; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.