$410,000
0.22 Acres
Land
David Joiner, Listing Office: Triwood Realty
Is 98422, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 98422 has remained a Seller's Market.
Key Takeaway
98422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98422, WA
How much do homes in 98422, WA cost?
Median Sold Price
$689,950
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$64,950(+10.4%)
Key Takeaway
Homes in 98422 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 98422 was $689,950 in November 2024, up 10.4% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $514K | $1.2M | +151.9% |
| 2 Bedrooms | $415K | $440K | +6.0% |
| 3 Bedrooms | $600K | $605K | +0.8% |
| 4 Bedrooms | $747.4K | $747.5K | 0.0% |
| 5+ Bedrooms | $809K | $939K | +16.1% |
Summary: 98422 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 151.9%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 16.1%.
Housing Supply in 98422, WA
How many homes are available in 98422, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 90 | -12.6% |
Summary: The 98422 real estate market had 90 homes for sale in November 2024, a 12.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 46 | 42 | -8.7% |
| 4 Bedrooms | 43 | 35 | -18.6% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 98422 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98422, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 98422 in November 2024, up by 12.5% month-over-month. Of the 27 sold homes, 48% were sold under asking, 11% were sold at asking, and 41% were sold over asking.
Days on Market for 98422, WA
How long does it take to sell a home in 98422, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 41 Days | +23.4% |
Summary: Homes in 98422 had an average of 41 days on market in Nov 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98422 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 98422; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% 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. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.