$165,250
2.17 Acres
Land
Lauren M. Hardman, Listing Office: Person Real Estate Group LLC
Is 98541, 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, 98541 was a Buyer's Market.
Key Takeaway
98541 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98541, WA
How much do homes in 98541, WA cost?
Median Sold Price
$390,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.0%)
Key Takeaway
Homes in 98541 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 98541 was $390,000 in November 2024, up 4% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $248.5K | $261.2K | +5.1% |
| 2 Bedrooms | $265K | $315K | +18.9% |
| 3 Bedrooms | $375K | $391.2K | +4.3% |
| 4 Bedrooms | $500K | $520K | +4.0% |
| 5+ Bedrooms | $435K | $365K | -16.1% |
Summary: 98541 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Zip Codes
| 98557 | $349.5K | $427.5K | +22.3% |
| 98563 | $400K | $418.5K | +4.6% |
| 98541 | $375K | $390K | +4.0% |
Housing Supply in 98541, WA
How many homes are available in 98541, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 52 | +4.0% |
Summary: The 98541 real estate market had 52 homes for sale in November 2024, a 4.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 98541 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 18.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 15 | +275.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98541, expect to pay close to the asking price. 53.3% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 98541 in November 2024, up by 275.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 53% were sold at asking, and 0% were sold over asking.
Days on Market for 98541, WA
How long does it take to sell a home in 98541, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 56 Days | -22.9% |
Summary: Homes in 98541 had an average of 56 days on market in Nov 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98541 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 98541; 40% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 33% 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.