Is 98272, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98272 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 98272 has remained a Seller's Market.

Key Takeaway

98272 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98272, WA

How much do homes in 98272, WA cost?

Median Sold Price

$771,665

$364/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,790(+4.6%)

Key Takeaway

Homes in 98272 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 98272 was $771,665 in November 2024, up 4.6% from last year, and the median price per square foot was $364.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $226.4K$268.1K
+18.4%
2 $461.5K$442.5K
-4.1%
3 $612.4K$665K
+8.6%
4 $811.1K$902.4K
+11.3%
5+ $850K$864K
+1.6%

Summary: 98272 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

98296
+7.7%
98019
+6.3%
98272
+4.6%
98294
+3.2%
98290
-0.4%

Housing Supply in 98272, WA

How many homes are available in 98272, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
122104-14.8%

Summary: The 98272 real estate market had 104 homes for sale in November 2024, a 14.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 64
-33.3%
3 5650
-10.7%
4 4433
-25.0%
5+ 1313
0.0%

Summary: The 98272 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3736-2.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98272, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 98272 in November 2024, down by 2.7% month-over-month. Of the 36 sold homes, 42% were sold under asking, 31% were sold at asking, and 28% were sold over asking.

Days on Market for 98272, WA

How long does it take to sell a home in 98272, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days28 Days-7.2%

Summary: Homes in 98272 had an average of 28 days on market in Nov 2024, down by 7.2% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98272 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 36 homes were sold in 98272; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in 98272, WA

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