Is 98406, 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, 98406 has remained a Seller's Market.
Housing Prices in 98406, WA
How much do homes in 98406, WA cost?
Median Sold Price
$576,750
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98406 was $576,750 in April 2024, down 1% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $342.5K | $325K | -5.1% |
2 Bedrooms | $450K | $388.5K | -13.7% |
3 Bedrooms | $580K | $576K | -0.7% |
4 Bedrooms | $685K | $705K | +2.9% |
5+ Bedrooms | $775K | $760K | -1.9% |
Summary: 98406 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in 98406, WA
How many homes are available in 98406, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 85 | +19.7% |
Summary: The 98406 real estate market had 85 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 19 | +58.3% |
3 Bedrooms | 34 | 42 | +23.5% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 98406 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 30 | +3.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 98406 in April 2024, up by 3.4% month-over-month. Of the 30 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 98406, WA
How long does it take to sell a home in 98406, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 14 Days | -28.7% |
Summary: Homes in 98406 had an average of 14 days on market in Apr 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in 98406; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.