$10,000 Closing Credit*
$1,612,900
3,913 SqFt
5 Beds
•3 Full Baths
Scott Combs, Listing Office: Windermere Northwest Living
Is 98607, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 98607 has remained a Seller's Market.
Key Takeaway
98607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98607, WA
How much do homes in 98607, WA cost?
Median Sold Price
$825,332
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$96,665(+13.3%)
Key Takeaway
Homes in 98607 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 98607 was $825,332 in October 2024, up 13.3% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $329K | N/A |
| 2 Bedrooms | $379K | $422.5K | +11.5% |
| 3 Bedrooms | $600K | $644.9K | +7.5% |
| 4 Bedrooms | $819.9K | $852.1K | +3.9% |
| 5+ Bedrooms | $950K | $1.1M | +25.5% |
Summary: 98607 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 25.5%.
Housing Supply in 98607, WA
How many homes are available in 98607, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 273 | 263 | -3.7% |
Summary: The 98607 real estate market had 263 homes for sale in October 2024, a 3.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 80 | 73 | -8.8% |
| 4 Bedrooms | 110 | 106 | -3.6% |
| 5+ Bedrooms | 73 | 74 | +1.4% |
Summary: The 98607 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98607, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in 98607 in October 2024, up by 16.7% month-over-month. Of the 56 sold homes, 46% were sold under asking, 38% were sold at asking, and 16% were sold over asking.
Days on Market for 98607, WA
How long does it take to sell a home in 98607, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 47 Days | +108.8% |
Summary: Homes in 98607 had an average of 47 days on market in Oct 2024, up by 108.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 98607 has remained consistent over time.
Summary: During October 2024, 56 homes were sold in 98607; 43% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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.