$695,000
21.40 Acres
Land
Wade R. Johnston, Listing Office: Johnston Realty
Is 98320, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 98320 has remained a Seller'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
$296,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$28,500(-8.8%)
Key Takeaway
Homes in 98320 have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in 98320 was $296,000 in October 2024, down 8.8% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $296K | $162.5K | -45.1% |
| 2 Bedrooms | $320K | $296K | -7.5% |
| 3 Bedrooms | $430K | $1.9M | +341.9% |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 98320 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.1%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 341.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 98320, WA
How many homes are available in 98320, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The 98320 real estate market had 17 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98320 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 10%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 98320, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 98320 in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 93 Days | 70 Days | -24.7% |
Summary: Homes in 98320 had an average of 70 days on market in Oct 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
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 October 2024, 6 homes were sold in 98320; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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 © 2024 Northwest MLS. All rights reserved.