Is 98685, 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, 98685 has remained a Seller's Market.
Housing Prices in 98685, WA
How much do homes in 98685, WA cost?
Median Sold Price
$600,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98685 was $600,000 in April 2024, up 9.5% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $450K | N/A |
2 Bedrooms | $345K | $337K | -2.3% |
3 Bedrooms | $499.7K | $500K | 0.1% |
4 Bedrooms | $641.2K | $675.9K | +5.4% |
5+ Bedrooms | $850K | $780K | -8.2% |
Summary: 98685 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 2.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in 98685, WA
How many homes are available in 98685, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 119 | +29.3% |
Summary: The 98685 real estate market had 119 homes for sale in April 2024, a 29.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 14 | 9 | -35.7% |
3 Bedrooms | 25 | 41 | +64.0% |
4 Bedrooms | 35 | 46 | +31.4% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The 98685 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes increased by 64%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 98685 in April 2024, up by 19.2% month-over-month. Of the 31 sold homes, 39% were sold under asking, 29% were sold at asking, and 32% were sold over asking.
Days on Market for 98685, WA
How long does it take to sell a home in 98685, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 22 Days | -47.0% |
Summary: Homes in 98685 had an average of 22 days on market in Apr 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in 98685; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.