Is 98445, 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, 98445 has remained a Seller's Market.
Housing Prices in 98445, WA
How much do homes in 98445, WA cost?
Median Sold Price
$470,266
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98445 was $470,266 in April 2024, up 2.2% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $340K | N/A |
2 Bedrooms | $364K | $339K | -6.9% |
3 Bedrooms | $440K | $460K | +4.5% |
4 Bedrooms | $522.4K | $525K | 0.5% |
5+ Bedrooms | $555K | $560K | +0.9% |
Summary: 98445 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 98445, WA
How many homes are available in 98445, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
130 | 124 | -4.6% |
Summary: The 98445 real estate market had 124 homes for sale in April 2024, a 4.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 88 | 73 | -17.0% |
4 Bedrooms | 29 | 36 | +24.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 98445 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 decreased by 17%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 28 | -26.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 98445 in April 2024, down by 26.3% month-over-month. Of the 28 sold homes, 11% were sold under asking, 25% were sold at asking, and 64% were sold over asking.
Days on Market for 98445, WA
How long does it take to sell a home in 98445, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 40 Days | -37.8% |
Summary: Homes in 98445 had an average of 40 days on market in Apr 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in 98445; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.