Is 98465, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98465 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 98465 has remained a Seller's Market.

Key Takeaway

98465 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98465, WA

How much do homes in 98465, WA cost?

Median Sold Price

$567,225

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$26,775(-4.5%)

Key Takeaway

Homes in 98465 have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in 98465 was $567,225 in December 2024, down 4.5% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$216K
N/A
2 $419.5K$380K
-9.4%
3 $480K$604.5K
+25.9%
4 $610K$635K
+4.1%
5+ $792.5K$928K
+17.1%

Summary: 98465 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 decreased by 9.4%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Zip Codes

98405
+4.4%
98466
+4.2%
98406
+3.3%
98465
-4.5%

Housing Supply in 98465, WA

How many homes are available in 98465, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1915-21.1%

Summary: The 98465 real estate market had 15 homes for sale in December 2024, a 21.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 24
+100.0%
3 137
-46.2%
4 33
0.0%
5+ 00
0.0%

Summary: The 98465 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 increased by 100%, 3 bedroom homes decreased by 46.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

4 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 98465, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 98465 in December 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 98465, WA

How long does it take to sell a home in 98465, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days20 Days-25.7%

Summary: Homes in 98465 had an average of 20 days on market in Dec 2024, down by 25.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98465 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in 98465; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

Newest Listings in 98465, WA

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