Is 98547, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98547 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 98547 was a Seller's Market.

Key Takeaway

98547 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98547, WA

How much do homes in 98547, WA cost?

Median Sold Price

$200,000

$185/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$77,500(-27.9%)

Key Takeaway

Homes in 98547 have sold for 27.9% less than they did a month ago.

Summary: The median home sold price in 98547 was $200,000 in October 2024, down 27.9% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $200K$200K
0.0%
3 $315K-
N/A
4 $240K-
N/A
5+ $420K-
N/A

Summary: 98547 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98586
-22.8%
98547
-27.9%

Housing Supply in 98547, WA

How many homes are available in 98547, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1514-6.7%

Summary: The 98547 real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 45
+25.0%
3 86
-25.0%
4 21
-50.0%
5+ 10
-100.0%

Summary: The 98547 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98547, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 98547 in October 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 98547, WA

How long does it take to sell a home in 98547, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
120 Days388 Days+221.5%

Summary: Homes in 98547 had an average of 388 days on market in Oct 2024, up by 221.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98547 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 98547; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in 98547, WA

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