Is 98354, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98354 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 98354 has remained a Seller's Market.

Key Takeaway

98354 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98354, WA

How much do homes in 98354, WA cost?

Median Sold Price

$589,990

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,990(+0.9%)

Key Takeaway

Homes in 98354 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 98354 was $589,990 in December 2024, up 0.9% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $377.4K$397.7K
+5.4%
3 $562.5K$589.9K
+4.9%
4 $611.8K$710K
+16.0%
5+ $714.9K$778.4K
+8.9%

Summary: 98354 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 8.9%.

Median Sold Price Compared To Nearby Zip Codes

98422
+9.8%
98003
+8.2%
98371
+6.0%
98372
+4.8%
98354
+0.9%

Housing Supply in 98354, WA

How many homes are available in 98354, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2823-17.9%

Summary: The 98354 real estate market had 23 homes for sale in December 2024, a 17.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 97
-22.2%
3 1211
-8.3%
4 64
-33.3%
5+ 11
0.0%

Summary: The 98354 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
770.0%

Asking Price vs. Sold Price

4 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 98354, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 98354 in December 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 98354, WA

How long does it take to sell a home in 98354, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
29 Days61 Days+107.7%

Summary: Homes in 98354 had an average of 61 days on market in Dec 2024, up by 107.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98354 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 7 homes were sold in 98354; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% 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 4 Days Ago

Newest Listings in 98354, WA

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