Is 98295, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98295 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98295 has remained a Seller's Market.

Key Takeaway

98295 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98295, WA

How much do homes in 98295, WA cost?

Median Sold Price

$390,000

$247/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 98295 has remained the same since last year.

Summary: The median home sold price in 98295 was $390,000 in October 2024, the same as last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $30K-
N/A
2 $38K$250K
+557.9%
3 $435K$422K
-3.0%
4 $327.2K$452K
+38.1%
5+ $482.5K-
N/A

Summary: 98295 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 557.9%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98244
+35.1%
98266
+10.3%
98247
+2.1%
98295
0.0%

Housing Supply in 98295, WA

How many homes are available in 98295, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1718+5.9%

Summary: The 98295 real estate market had 18 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 1110
-9.1%
4 11
0.0%
5+ 00
0.0%

Summary: The 98295 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98295, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 98295 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 98295, WA

How long does it take to sell a home in 98295, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days55 Days-17.9%

Summary: Homes in 98295 had an average of 55 days on market in Oct 2024, down by 17.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98295 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 98295; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in 98295, WA

Nearby Markets to 98295, WA