$4,928 Closing Credit*
$415,000
1,370 SqFt
2 Beds
•1 Full Bath
Michael J. Flynn, Listing Office: Coldwell Banker Bain
Is 98404, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 98404 was a Seller's Market.
Key Takeaway
98404 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 98404, WA
How much do homes in 98404, WA cost?
Median Sold Price
$419,375
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,125(+3.7%)
Key Takeaway
Homes in 98404 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 98404 was $419,375 in October 2024, up 3.7% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330.7K | $293.7K | -11.2% |
| 2 Bedrooms | $355K | $375K | +5.6% |
| 3 Bedrooms | $405K | $425K | +4.9% |
| 4 Bedrooms | $452K | $475K | +5.1% |
| 5+ Bedrooms | $575K | $560K | -2.6% |
Summary: 98404 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 98404, WA
How many homes are available in 98404, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 123 | +25.5% |
Summary: The 98404 real estate market had 123 homes for sale in October 2024, a 25.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 46 | 71 | +54.3% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 98404 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 54.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98404, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 98404 in October 2024, down by 17.4% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for 98404, WA
How long does it take to sell a home in 98404, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 48 Days | +217.6% |
Summary: Homes in 98404 had an average of 48 days on market in Oct 2024, up by 217.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98404 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 98404; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.