Is 98402, 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, 98402 has remained a Seller's Market.
Housing Prices in 98402, WA
How much do homes in 98402, WA cost?
Median Sold Price
$459,000
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98402 was $459,000 in April 2024, down 0.2% from last year, and the median price per square foot was $447.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $360K | -12.2% |
2 Bedrooms | $480K | $497K | +3.5% |
3 Bedrooms | $442.5K | $635K | +43.5% |
4 Bedrooms | $460K | $475K | +3.3% |
5+ Bedrooms | - | - | N/A |
Summary: 98402 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 43.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.
Housing Supply in 98402, WA
How many homes are available in 98402, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Summary: The 98402 real estate market had 37 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98402 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 98402 in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 98402, WA
How long does it take to sell a home in 98402, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 99 Days | +709.3% |
Summary: Homes in 98402 had an average of 99 days on market in Apr 2024, up by 709.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 98402; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.