Is 98333, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98333 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98333 has remained a Seller's Market.

Key Takeaway

98333 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98333, WA

How much do homes in 98333, WA cost?

Median Sold Price

$1,150,000

$419/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$240,000(+26.4%)

Key Takeaway

Homes in 98333 have sold for 26.4% more than they did a year ago.

Summary: The median home sold price in 98333 was $1,150,000 in October 2024, up 26.4% from last year, and the median price per square foot was $419.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$1.8M
N/A
2 $495K$540K
+9.1%
3 $850K$1.0M
+23.5%
4 $1.2M$1.4M
+19.8%
5+ $1.3M$997.5K
-25.0%

Summary: 98333 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 25%.

Median Sold Price Compared To Nearby Zip Codes

98333
+26.4%
98335
+9.5%
98466
+5.3%

Housing Supply in 98333, WA

How many homes are available in 98333, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2827-3.6%

Summary: The 98333 real estate market had 27 homes for sale in October 2024, a 3.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1719
+11.8%
4 75
-28.6%
5+ 32
-33.3%

Summary: The 98333 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 remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98333, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 98333 in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.

Days on Market for 98333, WA

How long does it take to sell a home in 98333, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days50 Days+108.4%

Summary: Homes in 98333 had an average of 50 days on market in Oct 2024, up by 108.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98333 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 98333; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 14 Days Ago

Newest Listings in 98333, WA

Nearby Markets to 98333, WA