Is 98586, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98586 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 98586 has remained a Seller's Market.

Key Takeaway

98586 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98586, WA

How much do homes in 98586, WA cost?

Median Sold Price

$303,125

$226/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$89,375(-22.8%)

Key Takeaway

Homes in 98586 have sold for 22.8% less than they did a month ago.

Summary: The median home sold price in 98586 was $303,125 in October 2024, down 22.8% from last month, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $355K$275K
-22.5%
3 -$331.2K
N/A
4 $430K-
N/A
5+ --
N/A

Summary: 98586 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 decreased by 22.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 98586, WA

How many homes are available in 98586, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The 98586 real estate market had 9 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 42
-50.0%
3 24
+100.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 98586 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 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 98586, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 98586 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 98586, WA

How long does it take to sell a home in 98586, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
18 Days229 Days+1140.5%

Summary: Homes in 98586 had an average of 229 days on market in Oct 2024, up by 1140.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98586 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in 98586; 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 98586, WA

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