Is 98592, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98592 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 98592 was a Buyer's Market.

Key Takeaway

98592 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98592, WA

How much do homes in 98592, WA cost?

Median Sold Price

$504,000

$283/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$228,500(-31.2%)

Key Takeaway

Homes in 98592 have sold for 31.2% less than they did a month ago.

Summary: The median home sold price in 98592 was $504,000 in October 2024, down 31.2% from last month, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $825K-
N/A
3 $640K$504K
-21.3%
4 --
N/A
5+ --
N/A

Summary: 98592 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 did not change, 3 bedroom homes decreased by 21.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 98592, WA

How many homes are available in 98592, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3234+6.3%

Summary: The 98592 real estate market had 34 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 2224
+9.1%
4 00
0.0%
5+ 00
0.0%

Summary: The 98592 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98592, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 98592 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for 98592, WA

How long does it take to sell a home in 98592, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
71 Days67 Days-5.3%

Summary: Homes in 98592 had an average of 67 days on market in Oct 2024, down by 5.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98592 has remained consistent over time.

Summary: During October 2024, 8 homes were sold in 98592; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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 98592, WA

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