Is 98596, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98596 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 98596 has remained a Seller's Market.

Key Takeaway

98596 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98596, WA

How much do homes in 98596, WA cost?

Median Sold Price

$419,900

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,573(+7.3%)

Key Takeaway

Homes in 98596 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 98596 was $419,900 in November 2024, up 7.3% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $200K-
N/A
2 $300K$359.9K
+20.0%
3 $394.8K$411K
+4.1%
4 $477.4K$485K
+1.6%
5+ $475K-
N/A

Summary: 98596 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98596
+7.3%
98532
0.2%
98591
-6.6%

Housing Supply in 98596, WA

How many homes are available in 98596, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8586+1.2%

Summary: The 98596 real estate market had 86 homes for sale in November 2024, a 1.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 5859
+1.7%
4 1717
0.0%
5+ 55
0.0%

Summary: The 98596 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 1.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
718+157.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98596, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 98596 in November 2024, up by 157.1% month-over-month. Of the 18 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 98596, WA

How long does it take to sell a home in 98596, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days69 Days+65.1%

Summary: Homes in 98596 had an average of 69 days on market in Nov 2024, up by 65.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98596 has remained consistent over time.

Summary: During November 2024, 18 homes were sold in 98596; 28% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 28% 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 98596, WA

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