Is 98276, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98276 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 98276 was a Buyer's Market.

Key Takeaway

98276 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98276, WA

How much do homes in 98276, WA cost?

Median Sold Price

$522,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$77,000(+17.3%)

Key Takeaway

Homes in 98276 have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in 98276 was $522,000 in November 2024, up 17.3% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $289K$380K
+31.5%
3 $440K$510K
+15.9%
4 $513K$554.5K
+8.1%
5+ $472.4K$550K
+16.4%

Summary: 98276 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 31.5%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Zip Codes

98276
+17.3%
98247
-1.7%

Housing Supply in 98276, WA

How many homes are available in 98276, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2218-18.2%

Summary: The 98276 real estate market had 18 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1915
-21.1%
4 22
0.0%
5+ 00
0.0%

Summary: The 98276 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 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98276, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 98276 in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% were sold over asking.

Days on Market for 98276, WA

How long does it take to sell a home in 98276, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
93 Days115 Days+24.3%

Summary: Homes in 98276 had an average of 115 days on market in Nov 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98276 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 8 homes were sold in 98276; 0% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 63% 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 17 Days Ago

Newest Listings in 98276, WA

Nearby Markets to 98276, WA