Is 98370, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98370 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98370 has remained a Seller's Market.

Key Takeaway

98370 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98370, WA

How much do homes in 98370, WA cost?

Median Sold Price

$669,990

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,239(+4.6%)

Key Takeaway

Homes in 98370 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 98370 was $669,990 in October 2024, up 4.6% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $319.9K$245K
-23.4%
2 $488K$499.5K
+2.4%
3 $603.5K$650K
+7.7%
4 $694.5K$704.9K
+1.5%
5+ $657.5K$709.4K
+7.9%

Summary: 98370 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Zip Codes

98342
+26.2%
98392
+8.5%
98370
+4.6%

Housing Supply in 98370, WA

How many homes are available in 98370, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
138124-10.1%

Summary: The 98370 real estate market had 124 homes for sale in October 2024, a 10.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 2722
-18.5%
3 6359
-6.3%
4 3529
-17.1%
5+ 1010
0.0%

Summary: The 98370 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3629-19.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98370, expect to pay close to the asking price. 48.3% of homes here sold near the asking price last month.

Summary: A total of 29 homes were sold or pending in 98370 in October 2024, down by 19.4% month-over-month. Of the 29 sold homes, 21% were sold under asking, 48% were sold at asking, and 31% were sold over asking.

Days on Market for 98370, WA

How long does it take to sell a home in 98370, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days24 Days-31.3%

Summary: Homes in 98370 had an average of 24 days on market in Oct 2024, down by 31.3% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98370 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 98370; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% 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 15 Days Ago

Newest Listings in 98370, WA

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