Is 98290, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98290 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98290 has remained a Seller's Market.

Key Takeaway

98290 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98290, WA

How much do homes in 98290, WA cost?

Median Sold Price

$785,333

$408/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,666(-1.8%)

Key Takeaway

Homes in 98290 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 98290 was $785,333 in October 2024, down 1.8% from last year, and the median price per square foot was $408.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $462.7K$635K
+37.2%
2 $517.2K$560K
+8.3%
3 $734.9K$736K
0.1%
4 $950K$997K
+4.9%
5+ $1.0M$1.1M
+18.9%

Summary: 98290 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Zip Codes

98272
+6.9%
98296
+5.7%
98201
+3.5%
98258
+2.2%
98290
-1.8%

Housing Supply in 98290, WA

How many homes are available in 98290, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
166164-1.2%

Summary: The 98290 real estate market had 164 homes for sale in October 2024, a 1.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 1414
0.0%
3 5755
-3.5%
4 7374
+1.4%
5+ 1818
0.0%

Summary: The 98290 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4349+14.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98290, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 98290 in October 2024, up by 14.0% month-over-month. Of the 49 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.

Days on Market for 98290, WA

How long does it take to sell a home in 98290, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days55 Days+191.6%

Summary: Homes in 98290 had an average of 55 days on market in Oct 2024, up by 191.6% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98290 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 49 homes were sold in 98290; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% 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 98290, WA

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