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

Since last month, 98325 has remained a Seller'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

$600,000

$311/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$65,000(-9.8%)

Key Takeaway

Homes in 98325 have sold for 9.8% less than they did a month ago.

Summary: The median home sold price in 98325 was $600,000 in November 2024, down 9.8% from last month, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $355K$700K
+97.2%
2 $1.2M$577.5K
-55.5%
3 $665K$317.5K
-52.3%
4 -$998.6K
N/A
5+ --
N/A

Summary: 98325 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 97.2%, 2 bedroom homes decreased by 55.5%, 3 bedroom homes decreased by 52.3%, 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

Oct 2024Nov 2024CHANGE
119-18.2%

Summary: The 98325 real estate market had 9 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 65
-16.7%
4 11
0.0%
5+ 00
0.0%

Summary: The 98325 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 98325 in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Oct 2024Nov 2024CHANGE
71 Days26 Days-62.8%

Summary: Homes in 98325 had an average of 26 days on market in Nov 2024, down by 62.8% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98325 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 98325; 67% of homes were sold within 30 days, 33% 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 21 Days Ago

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