Is 98377, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98377 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 98377 was a Seller's Market.

Key Takeaway

98377 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98377, WA

How much do homes in 98377, WA cost?

Median Sold Price

$369,950

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$19,050(-4.9%)

Key Takeaway

Homes in 98377 have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in 98377 was $369,950 in October 2024, down 4.9% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $420K-
N/A
2 $370K$320K
-13.5%
3 $407K$355K
-12.8%
4 $448.9K$775K
+72.6%
5+ -$589.9K
N/A

Summary: 98377 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 72.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98356
+12.3%
98304
+6.7%
98377
-4.9%

Housing Supply in 98377, WA

How many homes are available in 98377, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1918-5.3%

Summary: The 98377 real estate market had 18 homes for sale in October 2024, a 5.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 65
-16.7%
3 89
+12.5%
4 10
-100.0%
5+ 11
0.0%

Summary: The 98377 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98377, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 98377 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 98377, WA

How long does it take to sell a home in 98377, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days114 Days+113.1%

Summary: Homes in 98377 had an average of 114 days on market in Oct 2024, up by 113.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98377 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 98377; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

Newest Listings in 98377, WA

Nearby Markets to 98377, WA