Is 98579, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98579 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98579 has remained a Seller's Market.

Key Takeaway

98579 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98579, WA

How much do homes in 98579, WA cost?

Median Sold Price

$480,000

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.1%)

Key Takeaway

Homes in 98579 have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in 98579 was $480,000 in October 2024, up 1.1% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$250K
N/A
2 $410K$362.5K
-11.6%
3 $466K$480K
+3.0%
4 $620K$500K
-19.4%
5+ -$599.9K
N/A

Summary: 98579 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 decreased by 11.6%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98568
+25.3%
98512
+2.5%
98531
+1.2%
98579
+1.1%
98532
+0.6%

Housing Supply in 98579, WA

How many homes are available in 98579, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5558+5.5%

Summary: The 98579 real estate market had 58 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 4040
0.0%
4 89
+12.5%
5+ 22
0.0%

Summary: The 98579 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 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1413-7.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98579, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 98579 in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.

Days on Market for 98579, WA

How long does it take to sell a home in 98579, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days30 Days+16.2%

Summary: Homes in 98579 had an average of 30 days on market in Oct 2024, up by 16.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98579 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 98579; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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 98579, WA

Nearby Markets to 98579, WA