$135,000
1.32 Acres
Land
Amanda Ungren, Listing Office: Gig Harbor Real Estate
Is 98588, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 98588 was a Seller's Market.
Key Takeaway
98588 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98588, WA
How much do homes in 98588, WA cost?
Median Sold Price
$370,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,388(-2.0%)
Key Takeaway
Homes in 98588 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 98588 was $370,000 in November 2024, down 2% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $313.5K | +52.9% |
| 2 Bedrooms | $350.4K | $410K | +17.0% |
| 3 Bedrooms | $387.4K | $375K | -3.2% |
| 4 Bedrooms | $658K | $260K | -60.5% |
| 5+ Bedrooms | $436.5K | - | N/A |
Summary: 98588 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.9%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 60.5%, and 5+ bedroom homes did not change.
Housing Supply in 98588, WA
How many homes are available in 98588, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The 98588 real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 98588 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98588, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 98588 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 98588, WA
How long does it take to sell a home in 98588, WA?
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
Key Takeaway
Most homes in 98588 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in 98588; 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.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.