$10,000 Closing Credit*
$1,684,995
3,206 SqFt
5 Beds
•2 Full Baths, 1 Partial
Angelina Exarhos, Listing Office: Pacific Ridge - DRH, LLC
Is 98072, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 98072 has remained a Seller's Market.
Key Takeaway
98072 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98072, WA
How much do homes in 98072, WA cost?
Median Sold Price
$1,295,000
$541/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$110,000(+9.3%)
Key Takeaway
Homes in 98072 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 98072 was $1,295,000 in October 2024, up 9.3% from last year, and the median price per square foot was $541.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302K | $314.2K | +4.1% |
| 2 Bedrooms | $500K | $455K | -9.0% |
| 3 Bedrooms | $1.0M | $1.0M | +2.1% |
| 4 Bedrooms | $1.4M | $1.6M | +13.9% |
| 5+ Bedrooms | $1.7M | $1.9M | +8.5% |
Summary: 98072 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in 98072, WA
How many homes are available in 98072, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 | 148 | +15.6% |
Summary: The 98072 real estate market had 148 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 48 | 58 | +20.8% |
| 4 Bedrooms | 56 | 61 | +8.9% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 98072 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98072, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 98072 in October 2024, up by 55.6% month-over-month. Of the 28 sold homes, 43% were sold under asking, 25% were sold at asking, and 32% were sold over asking.
Days on Market for 98072, WA
How long does it take to sell a home in 98072, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +11.5% |
Summary: Homes in 98072 had an average of 29 days on market in Oct 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98072 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 98072; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.