Is 98513, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98513 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 98513 has remained a Seller's Market.

Key Takeaway

98513 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98513, WA

How much do homes in 98513, WA cost?

Median Sold Price

$499,000

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,000(+1.8%)

Key Takeaway

Homes in 98513 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 98513 was $499,000 in November 2024, up 1.8% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $265K$285K
+7.5%
2 $427.5K$424.5K
-0.7%
3 $465K$482.4K
+3.8%
4 $544.5K$550K
+1.0%
5+ $552.4K$615K
+11.3%

Summary: 98513 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

98516
+5.1%
98503
+2.3%
98513
+1.8%
98501
+0.9%
98327
-1.4%

Housing Supply in 98513, WA

How many homes are available in 98513, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
166138-16.9%

Summary: The 98513 real estate market had 138 homes for sale in November 2024, a 16.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 86
-25.0%
2 2219
-13.6%
3 8464
-23.8%
4 4441
-6.8%
5+ 88
0.0%

Summary: The 98513 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4637-19.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98513, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 98513 in November 2024, down by 19.6% month-over-month. Of the 37 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for 98513, WA

How long does it take to sell a home in 98513, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days41 Days+113.8%

Summary: Homes in 98513 had an average of 41 days on market in Nov 2024, up by 113.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98513 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 37 homes were sold in 98513; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% 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

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