Is 98320, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98320 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 98320 was a Buyer's Market.

Key Takeaway

98320 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98320, WA

How much do homes in 98320, WA cost?

Median Sold Price

$375,000

$310/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$236,000(+169.8%)

Key Takeaway

Homes in 98320 have sold for 169.8% more than they did a month ago.

Summary: The median home sold price in 98320 was $375,000 in December 2024, up 169.8% from last month, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $139K$175K
+25.9%
2 -$375K
N/A
3 -$675K
N/A
4 --
N/A
5+ --
N/A

Summary: 98320 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98320
+169.8%
98376
+14.8%

Housing Supply in 98320, WA

How many homes are available in 98320, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1110-9.1%

Summary: The 98320 real estate market had 10 homes for sale in December 2024, a 9.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 66
0.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 98320 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98320, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 98320 in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 98320, WA

How long does it take to sell a home in 98320, WA?

Average Sale Time

Nov 2024Dec 2024CHANGE
17 Days109 Days+541.2%

Summary: Homes in 98320 had an average of 109 days on market in Dec 2024, up by 541.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98320 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in 98320; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 4 Days Ago

Newest Listings in 98320, WA

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