Is 98351, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98351 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 98351 has remained a Seller's Market.

Key Takeaway

98351 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98351, WA

How much do homes in 98351, WA cost?

Median Sold Price

$599,500

$390/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$395,500(-39.7%)

Key Takeaway

Homes in 98351 have sold for 39.7% less than they did a month ago.

Summary: The median home sold price in 98351 was $599,500 in October 2024, down 39.7% from last month, and the median price per square foot was $390.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $318K-
N/A
2 --
N/A
3 $1.2M$592.2K
-53.6%
4 -$2.0M
N/A
5+ --
N/A

Summary: 98351 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 53.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 98351, WA

How many homes are available in 98351, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10100.0%

Summary: The 98351 real estate market had 10 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 12
+100.0%
3 65
-16.7%
4 23
+50.0%
5+ 00
0.0%

Summary: The 98351 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98351, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 98351 in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 98351, WA

How long does it take to sell a home in 98351, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
61 Days73 Days+20.1%

Summary: Homes in 98351 had an average of 73 days on market in Oct 2024, up by 20.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98351 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 98351; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

Newest Listings in 98351, WA

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