Is 98325, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98325 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 98325 was a Buyer's Market.

Key Takeaway

98325 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98325, WA

How much do homes in 98325, WA cost?

Median Sold Price

$665,000

$693/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$535,000(-44.6%)

Key Takeaway

Homes in 98325 have sold for 44.6% less than they did a month ago.

Summary: The median home sold price in 98325 was $665,000 in October 2024, down 44.6% from last month, and the median price per square foot was $693.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$355K
N/A
2 -$1.2M
N/A
3 $1.2M$665K
-44.6%
4 --
N/A
5+ --
N/A

Summary: 98325 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 44.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 98325, WA

How many homes are available in 98325, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1011+10.0%

Summary: The 98325 real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 65
-16.7%
4 01
+100.0%
5+ 00
0.0%

Summary: The 98325 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 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98325, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 98325 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 98325, WA

How long does it take to sell a home in 98325, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
6 Days71 Days+1094.4%

Summary: Homes in 98325 had an average of 71 days on market in Oct 2024, up by 1094.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98325 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 98325; 33% of homes were sold within 30 days, 0% 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 21 Days Ago

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