Is 98580, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98580 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 98580 was a Buyer's Market.

Key Takeaway

98580 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 98580, WA

How much do homes in 98580, WA cost?

Median Sold Price

$555,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,001(+11.0%)

Key Takeaway

Homes in 98580 have sold for 11% more than they did a year ago.

Summary: The median home sold price in 98580 was $555,000 in November 2024, up 11% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $500K$125K
-75.0%
2 $297.7K$422K
+41.7%
3 $505K$554K
+9.7%
4 $574.4K$749.9K
+30.6%
5+ $738.6K$861.8K
+16.7%

Summary: 98580 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 16.7%.

Median Sold Price Compared To Nearby Zip Codes

98580
+11.0%
98338
+7.5%
98387
+5.9%
98597
+5.3%

Housing Supply in 98580, WA

How many homes are available in 98580, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6970+1.4%

Summary: The 98580 real estate market had 70 homes for sale in November 2024, a 1.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 3941
+5.1%
4 2323
0.0%
5+ 21
-50.0%

Summary: The 98580 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 remained the same, 3 bedroom homes increased by 5.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98580, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 98580 in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 98580, WA

How long does it take to sell a home in 98580, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days101 Days+208.2%

Summary: Homes in 98580 had an average of 101 days on market in Nov 2024, up by 208.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98580 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 98580; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 17 Days Ago

Newest Listings in 98580, WA

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