$9,140 Closing Credit*
$769,690
3,979 SqFt
2 Beds
•2 Full Baths
Sherrylee Ruderman, Listing Office: CENTURY 21 North Homes Realty
Is 98237, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 98237 was a Neutral Market.
Key Takeaway
98237 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98237, WA
How much do homes in 98237, WA cost?
Median Sold Price
$393,500
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,000(+12.6%)
Key Takeaway
Homes in 98237 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 98237 was $393,500 in November 2024, up 12.6% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $205K | +17.1% |
| 2 Bedrooms | $290K | $319K | +10.0% |
| 3 Bedrooms | $357.5K | $410K | +14.7% |
| 4 Bedrooms | $415K | $647.9K | +56.1% |
| 5+ Bedrooms | $522.5K | $562.5K | +7.7% |
Summary: 98237 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 56.1%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 98237, WA
How many homes are available in 98237, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The 98237 real estate market had 36 homes for sale in November 2024, a 5.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 98237 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98237, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 98237 in November 2024, down by 69.2% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 98237, WA
How long does it take to sell a home in 98237, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 44 Days | +483.7% |
Summary: Homes in 98237 had an average of 44 days on market in Nov 2024, up by 483.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 98237 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 98237; 25% of homes were sold within 30 days, 75% 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.