$325,000
4.70 Acres
Land
TJ Ackerman, Listing Office: Muljat Group
Is 98247, 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, 98247 was a Seller's Market.
Key Takeaway
98247 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98247, WA
How much do homes in 98247, WA cost?
Median Sold Price
$575,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-1.7%)
Key Takeaway
Homes in 98247 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 98247 was $575,000 in November 2024, down 1.7% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $407.5K | +43.0% |
| 3 Bedrooms | $580K | $550K | -5.2% |
| 4 Bedrooms | $610K | $670K | +9.8% |
| 5+ Bedrooms | $680K | $897.5K | +32.0% |
Summary: 98247 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 32%.
Housing Supply in 98247, WA
How many homes are available in 98247, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Summary: The 98247 real estate market had 35 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 98247 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 decreased by 42.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 3 | -72.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 98247, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 98247 in November 2024, down by 72.7% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for 98247, WA
How long does it take to sell a home in 98247, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 138 Days | 39 Days | -71.3% |
Summary: Homes in 98247 had an average of 39 days on market in Nov 2024, down by 71.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 98247 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 98247; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.