$134,900
2.16 Acres
Land
Terry L Wollam, Listing Office: RE/MAX Equity Group
Is 98612, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 98612 was a Buyer's Market.
Key Takeaway
98612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98612, WA
How much do homes in 98612, WA cost?
Median Sold Price
$490,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+15.3%)
Key Takeaway
Homes in 98612 have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in 98612 was $490,000 in October 2024, up 15.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | - | N/A |
| 2 Bedrooms | $395K | $355K | -10.1% |
| 3 Bedrooms | $430K | $450K | +4.7% |
| 4 Bedrooms | $462.5K | $716K | +54.8% |
| 5+ Bedrooms | $548.5K | $427.5K | -22.1% |
Summary: 98612 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 decreased by 10.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 54.8%, and 5+ bedroom homes decreased by 22.1%.
Median Sold Price Compared To Nearby Zip Codes
| 98581 | $225K | $289.5K | +28.7% |
| 98612 | $425K | $490K | +15.3% |
| 98632 | $374.1K | $376.5K | +0.6% |
Housing Supply in 98612, WA
How many homes are available in 98612, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Summary: The 98612 real estate market had 29 homes for sale in October 2024, a 17.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 98612 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 decreased by 15.4%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98612, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 98612 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 98612, WA
How long does it take to sell a home in 98612, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 95 Days | +32.2% |
Summary: Homes in 98612 had an average of 95 days on market in Oct 2024, up by 32.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 98612 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in 98612; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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. 
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.