$10,000 Closing Credit*
$1,595,000
2,993 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michael Espada, Listing Office: Array Real Estate
Is 98177, 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, 98177 has remained a Seller's Market.
Key Takeaway
98177 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98177, WA
How much do homes in 98177, WA cost?
Median Sold Price
$1,109,500
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$137,000(+14.1%)
Key Takeaway
Homes in 98177 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 98177 was $1,109,500 in October 2024, up 14.1% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $310K | -2.4% |
| 2 Bedrooms | $655K | $749.9K | +14.5% |
| 3 Bedrooms | $850K | $985.5K | +15.9% |
| 4 Bedrooms | $1.4M | $1.3M | -1.1% |
| 5+ Bedrooms | $1.4M | $1.8M | +23.7% |
Summary: 98177 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 23.7%.
Housing Supply in 98177, WA
How many homes are available in 98177, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 96 | +21.5% |
Summary: The 98177 real estate market had 96 homes for sale in October 2024, a 21.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 29 | 35 | +20.7% |
| 4 Bedrooms | 23 | 33 | +43.5% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 98177 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 27 | +68.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98177, you could pay more than the asking price. 63% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 98177 in October 2024, up by 68.8% month-over-month. Of the 27 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.
Days on Market for 98177, WA
How long does it take to sell a home in 98177, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 13 Days | -60.6% |
Summary: Homes in 98177 had an average of 13 days on market in Oct 2024, down by 60.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98177 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 98177; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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.