Is 98568, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98568 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98568 has remained a Seller's Market.

Key Takeaway

98568 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98568, WA

How much do homes in 98568, WA cost?

Median Sold Price

$475,000

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$96,000(+25.3%)

Key Takeaway

Homes in 98568 have sold for 25.3% more than they did a year ago.

Summary: The median home sold price in 98568 was $475,000 in October 2024, up 25.3% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $370K$414.5K
+12.0%
3 $379K$435K
+14.8%
4 $380K$506K
+33.2%
5+ $325K$635K
+95.4%

Summary: 98568 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes increased by 95.4%.

Median Sold Price Compared To Nearby Zip Codes

98568
+25.3%
98541
+4.7%
98512
+2.5%
98579
+1.1%

Housing Supply in 98568, WA

How many homes are available in 98568, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The 98568 real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 79
+28.6%
4 33
0.0%
5+ 00
0.0%

Summary: The 98568 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 decreased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98568, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 98568 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 98568, WA

How long does it take to sell a home in 98568, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days99 Days+2100.0%

Summary: Homes in 98568 had an average of 99 days on market in Oct 2024, up by 2100% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98568 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 98568; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 98568, WA

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