Is 98168, 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, 98168 has remained a Seller's Market.
Housing Prices in 98168, WA
How much do homes in 98168, WA cost?
Median Sold Price
$560,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98168 was $560,000 in April 2024, down 3% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $374.5K | +13.5% |
2 Bedrooms | $509.4K | $435.5K | -14.5% |
3 Bedrooms | $560.7K | $559.5K | -0.2% |
4 Bedrooms | $660K | $665K | +0.8% |
5+ Bedrooms | $753.2K | $747K | -0.8% |
Summary: 98168 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 98168, WA
How many homes are available in 98168, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 105 | +29.6% |
Summary: The 98168 real estate market had 105 homes for sale in April 2024, a 29.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 28 | 28 | 0.0% |
3 Bedrooms | 28 | 38 | +35.7% |
4 Bedrooms | 15 | 26 | +73.3% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 98168 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 35.7%, 4 bedroom homes increased by 73.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 98168 in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% were sold over asking.
Days on Market for 98168, WA
How long does it take to sell a home in 98168, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 20 Days | -15.4% |
Summary: Homes in 98168 had an average of 20 days on market in Apr 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 98168; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.