Is 98564, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98564 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 98564 was a Seller's Market.

Key Takeaway

98564 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98564, WA

How much do homes in 98564, WA cost?

Median Sold Price

$390,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$95,250(-19.6%)

Key Takeaway

Homes in 98564 have sold for 19.6% less than they did a year ago.

Summary: The median home sold price in 98564 was $390,000 in October 2024, down 19.6% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K$250K
+35.1%
2 $359K$285K
-20.6%
3 $500K$455K
-9.0%
4 $519.9K$387.4K
-25.5%
5+ -$359.9K
N/A

Summary: 98564 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.1%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 25.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98356
+12.3%
98564
-19.6%

Housing Supply in 98564, WA

How many homes are available in 98564, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
18180.0%

Summary: The 98564 real estate market had 18 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1010
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The 98564 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

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 98564, 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 98564 in October 2024, down by 50.0% 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 98564, WA

How long does it take to sell a home in 98564, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days163 Days+1258.3%

Summary: Homes in 98564 had an average of 163 days on market in Oct 2024, up by 1258.3% compared to last year.

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 98564 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 98564; 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 16 Days Ago

Newest Listings in 98564, WA

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