Is 98363, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98363 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 98363 was a Seller's Market.

Key Takeaway

98363 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 98363, WA

How much do homes in 98363, WA cost?

Median Sold Price

$422,500

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,500(-1.7%)

Key Takeaway

Homes in 98363 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 98363 was $422,500 in November 2024, down 1.7% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $304.9K$251K
-17.7%
2 $329.9K$355.1K
+7.6%
3 $430K$425K
-1.2%
4 $562.9K$496.5K
-11.8%
5+ $712K$460K
-35.4%

Summary: 98363 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 35.4%.

Median Sold Price Compared To Nearby Zip Codes

98362
+7.2%
98331
+6.5%
98363
-1.7%

Housing Supply in 98363, WA

How many homes are available in 98363, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4857+18.8%

Summary: The 98363 real estate market had 57 homes for sale in November 2024, a 18.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 35
+66.7%
2 1111
0.0%
3 2737
+37.0%
4 43
-25.0%
5+ 31
-66.7%

Summary: The 98363 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 37%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98363, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 98363 in November 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.

Days on Market for 98363, WA

How long does it take to sell a home in 98363, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days65 Days+66.7%

Summary: Homes in 98363 had an average of 65 days on market in Nov 2024, up by 66.7% compared to last year.

Breakdown of Home Sale Times

4 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 98363 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 98363; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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 18 Days Ago

Newest Listings in 98363, WA

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