$1,009 Closing Credit*
$85,000
924 SqFt
2 Beds
•2 Full Baths
Paulette Eaton, Listing Office: Keller Williams South Sound
Is 98531, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 98531 was a Seller's Market.
Key Takeaway
98531 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98531, WA
How much do homes in 98531, WA cost?
Median Sold Price
$370,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.4%)
Key Takeaway
Homes in 98531 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 98531 was $370,000 in November 2024, up 1.4% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $387K | $300K | -22.5% |
| 2 Bedrooms | $315K | $310K | -1.6% |
| 3 Bedrooms | $375K | $395K | +5.3% |
| 4 Bedrooms | $427.5K | $429.9K | +0.6% |
| 5+ Bedrooms | $464.5K | $387K | -16.7% |
Summary: 98531 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.5%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 16.7%.
Housing Supply in 98531, WA
How many homes are available in 98531, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 116 | +0.9% |
Summary: The 98531 real estate market had 116 homes for sale in November 2024, a 0.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 73 | 76 | +4.1% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 98531 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 remained the same, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 7 | -63.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98531, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 98531 in November 2024, down by 63.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for 98531, WA
How long does it take to sell a home in 98531, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 33 Days | -5.0% |
Summary: Homes in 98531 had an average of 33 days on market in Nov 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 98531 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 98531; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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.