Is 98373, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98373 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 98373 has remained a Seller's Market.

Key Takeaway

98373 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98373, WA

How much do homes in 98373, WA cost?

Median Sold Price

$550,000

$289/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since December 2023.

Key Takeaway

The sold price of homes in 98373 has remained the same since last year.

Summary: The median home sold price in 98373 was $550,000 in December 2024, the same as last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $250K$250K
0.0%
2 $355K$388.7K
+9.5%
3 $520K$527K
+1.3%
4 $660K$658.4K
-0.2%
5+ $730K$677.5K
-7.2%

Summary: 98373 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 9.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

98446
+17.6%
98374
+7.0%
98375
+6.2%
98371
+6.0%
98373
0.0%

Housing Supply in 98373, WA

How many homes are available in 98373, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7673-3.9%

Summary: The 98373 real estate market had 73 homes for sale in December 2024, a 3.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 1313
0.0%
3 3635
-2.8%
4 2018
-10.0%
5+ 55
0.0%

Summary: The 98373 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 remained the same, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1124+118.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98373, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 24 homes were sold or pending in 98373 in December 2024, up by 118.2% month-over-month. Of the 24 sold homes, 21% were sold under asking, 42% were sold at asking, and 38% were sold over asking.

Days on Market for 98373, WA

How long does it take to sell a home in 98373, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
46 Days48 Days+4.8%

Summary: Homes in 98373 had an average of 48 days on market in Dec 2024, up by 4.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98373 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 24 homes were sold in 98373; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% 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 98373, WA

Nearby Markets to 98373, WA