Is 98922, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 98922 was a Seller's Market.
Housing Prices in 98922, WA
How much do homes in 98922, WA cost?
Median Sold Price
$814,983
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 98922 was $814,983 in April 2024, up 21.9% 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 | $451.3K | $370K | -18.0% |
2 Bedrooms | $550K | $613K | +11.5% |
3 Bedrooms | $731K | $800K | +9.4% |
4 Bedrooms | $1.7M | $1.5M | -10.9% |
5+ Bedrooms | $2.2M | $2.0M | -10.9% |
Summary: 98922 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 10.9%.
Housing Supply in 98922, WA
How many homes are available in 98922, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
130 | 188 | +44.6% |
Summary: The 98922 real estate market had 188 homes for sale in April 2024, a 44.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 25 | +56.3% |
2 Bedrooms | 30 | 44 | +46.7% |
3 Bedrooms | 35 | 55 | +57.1% |
4 Bedrooms | 31 | 40 | +29.0% |
5+ Bedrooms | 18 | 24 | +33.3% |
Summary: The 98922 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 56.3%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 14 | -26.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 98922 in April 2024, down by 26.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for 98922, WA
How long does it take to sell a home in 98922, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 27 Days | -48.4% |
Summary: Homes in 98922 had an average of 27 days on market in Apr 2024, down by 48.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in 98922; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.