Is 98604, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98604 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98604 has remained a Seller's Market.

Key Takeaway

98604 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98604, WA

How much do homes in 98604, WA cost?

Median Sold Price

$579,940

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,560(-2.4%)

Key Takeaway

Homes in 98604 have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in 98604 was $579,940 in October 2024, down 2.4% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $360K$530.6K
+47.4%
2 $410K$380K
-7.3%
3 $555K$542K
-2.3%
4 $637.4K$649.1K
+1.8%
5+ $729.8K$692.4K
-5.1%

Summary: 98604 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

98662
+2.2%
98642
0.5%
98629
-1.7%
98606
-2.0%
98604
-2.4%

Housing Supply in 98604, WA

How many homes are available in 98604, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
240251+4.6%

Summary: The 98604 real estate market had 251 homes for sale in October 2024, a 4.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 111130
+17.1%
4 9386
-7.5%
5+ 2623
-11.5%

Summary: The 98604 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 increased by 20%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 11.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5147-7.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98604, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 98604 in October 2024, down by 7.8% month-over-month. Of the 47 sold homes, 47% were sold under asking, 28% were sold at asking, and 26% were sold over asking.

Days on Market for 98604, WA

How long does it take to sell a home in 98604, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days63 Days+95.2%

Summary: Homes in 98604 had an average of 63 days on market in Oct 2024, up by 95.2% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98604 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 47 homes were sold in 98604; 60% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 23% 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 4 Days Ago

Newest Listings in 98604, WA

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