Is 98367, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98367 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 98367 has remained a Seller's Market.

Key Takeaway

98367 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98367, WA

How much do homes in 98367, WA cost?

Median Sold Price

$579,960

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,964(+5.4%)

Key Takeaway

Homes in 98367 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 98367 was $579,960 in November 2024, up 5.4% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $407K$310K
-23.8%
2 $525K$428.5K
-18.4%
3 $538.7K$565K
+4.9%
4 $555.7K$597.4K
+7.5%
5+ $583.5K$644.9K
+10.5%

Summary: 98367 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Zip Codes

98367
+5.4%
98329
+4.7%
98312
+3.3%
98366
-1.0%

Housing Supply in 98367, WA

How many homes are available in 98367, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
211195-7.6%

Summary: The 98367 real estate market had 195 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 1715
-11.8%
3 8878
-11.4%
4 7571
-5.3%
5+ 2830
+7.1%

Summary: The 98367 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4760+27.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98367, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 60 homes were sold or pending in 98367 in November 2024, up by 27.7% month-over-month. Of the 60 sold homes, 27% were sold under asking, 42% were sold at asking, and 32% were sold over asking.

Days on Market for 98367, WA

How long does it take to sell a home in 98367, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days42 Days+2.1%

Summary: Homes in 98367 had an average of 42 days on market in Nov 2024, up by 2.1% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98367 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 60 homes were sold in 98367; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% 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 17 Days Ago

Newest Listings in 98367, WA

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