$10,000 Closing Credit*
$1,695,000
3,340 SqFt
5 Beds
•5 Full Baths
Linda D. Tran, Listing Office: Mickelsen & Tran RE Brokers
Is 98178, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 98178 has remained a Seller's Market.
Key Takeaway
98178 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98178, WA
How much do homes in 98178, WA cost?
Median Sold Price
$694,700
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,700(+6.9%)
Key Takeaway
Homes in 98178 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 98178 was $694,700 in November 2024, up 6.9% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $284.9K | $280K | -1.8% |
| 2 Bedrooms | $516K | $517.5K | 0.3% |
| 3 Bedrooms | $645K | $607.5K | -5.8% |
| 4 Bedrooms | $752.5K | $840K | +11.6% |
| 5+ Bedrooms | $799.9K | $817.5K | +2.2% |
Summary: 98178 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 98178, WA
How many homes are available in 98178, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 82 | -17.2% |
Summary: The 98178 real estate market had 82 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 32 | 21 | -34.4% |
| 4 Bedrooms | 39 | 38 | -2.6% |
| 5+ Bedrooms | 12 | 7 | -41.7% |
Summary: The 98178 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 34.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 41.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 17 | -45.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98178, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 98178 in November 2024, down by 45.2% month-over-month. Of the 17 sold homes, 24% were sold under asking, 35% were sold at asking, and 41% were sold over asking.
Days on Market for 98178, WA
How long does it take to sell a home in 98178, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 44 Days | +67.1% |
Summary: Homes in 98178 had an average of 44 days on market in Nov 2024, up by 67.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98178 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 98178; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% 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.