Is 98443, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98443 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 98443 was a Seller's Market.

Key Takeaway

98443 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 98443, WA

How much do homes in 98443, WA cost?

Median Sold Price

$594,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$53,000(+9.8%)

Key Takeaway

Homes in 98443 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 98443 was $594,000 in November 2024, up 9.8% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $360K$267.6K
-25.7%
2 $508.5K$407K
-20.0%
3 $506.5K$587.5K
+16.0%
4 $645K$605K
-6.2%
5+ $683.2K$792K
+15.9%

Summary: 98443 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.7%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

98424
+11.6%
98443
+9.8%
98371
+6.5%
98404
+4.5%

Housing Supply in 98443, WA

How many homes are available in 98443, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2521-16.0%

Summary: The 98443 real estate market had 21 homes for sale in November 2024, a 16.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1210
-16.7%
4 86
-25.0%
5+ 31
-66.7%

Summary: The 98443 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 increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

2 Homes Were 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 98443, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 98443 in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 98443, WA

How long does it take to sell a home in 98443, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days42 Days+848.1%

Summary: Homes in 98443 had an average of 42 days on market in Nov 2024, up by 848.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 98443 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 98443; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 17 Days Ago

Newest Listings in 98443, WA

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