Is 98282, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98282 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98282 has remained a Seller's Market.

Key Takeaway

98282 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98282, WA

How much do homes in 98282, WA cost?

Median Sold Price

$682,500

$379/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+3.5%)

Key Takeaway

Homes in 98282 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 98282 was $682,500 in October 2024, up 3.5% from last year, and the median price per square foot was $379.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $410K$457.3K
+11.5%
2 $647.7K$639.5K
-1.3%
3 $659K$749K
+13.7%
4 $833K$1.0M
+30.3%
5+ $767K-
N/A

Summary: 98282 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98292
+7.0%
98282
+3.5%

Housing Supply in 98282, WA

How many homes are available in 98282, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147145-1.4%

Summary: The 98282 real estate market had 145 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 5152
+2.0%
3 7973
-7.6%
4 1213
+8.3%
5+ 23
+50.0%

Summary: The 98282 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98282, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 98282 in October 2024, down by 3.8% month-over-month. Of the 25 sold homes, 52% were sold under asking, 36% were sold at asking, and 12% were sold over asking.

Days on Market for 98282, WA

How long does it take to sell a home in 98282, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days79 Days+58.8%

Summary: Homes in 98282 had an average of 79 days on market in Oct 2024, up by 58.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98282 has remained consistent over time.

Summary: During October 2024, 25 homes were sold in 98282; 32% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 28% 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 13 Days Ago

Newest Listings in 98282, WA

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