$7,600 Closing Credit*
$639,995
1,548 SqFt
3 Beds
•1 Full Bath
Hayden Taylor, Listing Office: Pacific Ridge - DRH, LLC
Is 98296, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 98296 has remained a Seller's Market.
Key Takeaway
98296 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98296, WA
How much do homes in 98296, WA cost?
Median Sold Price
$1,018,333
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$67,858(+7.1%)
Key Takeaway
Homes in 98296 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 98296 was $1,018,333 in December 2024, up 7.1% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $540K | $345K | -36.1% |
| 2 Bedrooms | $450K | $609.9K | +35.6% |
| 3 Bedrooms | $825K | $865K | +4.8% |
| 4 Bedrooms | $1.0M | $1.1M | +9.7% |
| 5+ Bedrooms | $1.1M | $1.2M | +7.2% |
Summary: 98296 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.1%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 98296, WA
How many homes are available in 98296, WA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 121 | 101 | -16.5% |
Summary: The 98296 real estate market had 101 homes for sale in December 2024, a 16.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 34 | 25 | -26.5% |
| 4 Bedrooms | 44 | 35 | -20.5% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The 98296 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 26.5%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 41 | 35 | -14.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98296, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 98296 in December 2024, down by 14.6% month-over-month. Of the 35 sold homes, 43% were sold under asking, 37% were sold at asking, and 20% were sold over asking.
Days on Market for 98296, WA
How long does it take to sell a home in 98296, WA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -4.6% |
Summary: Homes in 98296 had an average of 42 days on market in Dec 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98296 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 35 homes were sold in 98296; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved. 
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