Is 98661, 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, 98661 has remained a Seller's Market.
Housing Prices in 98661, WA
How much do homes in 98661, WA cost?
Median Sold Price
$445,489
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98661 was $445,489 in April 2024, up 3.2% 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 | $250.7K | $262.5K | +4.7% |
2 Bedrooms | $335K | $350K | +4.5% |
3 Bedrooms | $430K | $445.9K | +3.7% |
4 Bedrooms | $530.5K | $539.9K | +1.8% |
5+ Bedrooms | $580K | $700K | +20.7% |
Summary: 98661 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 20.7%.
Housing Supply in 98661, WA
How many homes are available in 98661, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 144 | +29.7% |
Summary: The 98661 real estate market had 144 homes for sale in April 2024, a 29.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 20 | 36 | +80.0% |
3 Bedrooms | 59 | 69 | +16.9% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 98661 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 26 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 98661 in April 2024, the same as the previous month. Of the 26 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for 98661, WA
How long does it take to sell a home in 98661, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 19 Days | -37.4% |
Summary: Homes in 98661 had an average of 19 days on market in Apr 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 98661; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.