Is 98331, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98331 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 98331 was a Neutral Market.

Key Takeaway

98331 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98331, WA

How much do homes in 98331, WA cost?

Median Sold Price

$415,000

$416/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$245,000(+144.1%)

Key Takeaway

Homes in 98331 have sold for 144.1% more than they did a month ago.

Summary: The median home sold price in 98331 was $415,000 in December 2024, up 144.1% from last month, and the median price per square foot was $416.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$557.5K
N/A
2 $170K$385K
+126.5%
3 $137K-
N/A
4 --
N/A
5+ --
N/A

Summary: 98331 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 126.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 98331, WA

How many homes are available in 98331, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
17170.0%

Summary: The 98331 real estate market had 17 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 23
+50.0%
2 43
-25.0%
3 1111
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 98331 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 25%, 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
330.0%

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 98331, 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 98331 in December 2024, the same as the previous 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 98331, WA

How long does it take to sell a home in 98331, WA?

Average Sale Time

Nov 2024Dec 2024CHANGE
38 Days41 Days+8.8%

Summary: Homes in 98331 had an average of 41 days on market in Dec 2024, up by 8.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Avg time on Rocket Homes in 98331 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 98331; 33% of homes were sold within 30 days, 67% 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 2 Days Ago

Newest Listings in 98331, WA

Nearby Markets to 98331, WA