Is 98624, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98624 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 98624 has remained a Buyer's Market.

Key Takeaway

98624 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98624, WA

How much do homes in 98624, WA cost?

Median Sold Price

$114,845

$90/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$305,155(-72.7%)

Key Takeaway

Homes in 98624 have sold for 72.7% less than they did a month ago.

Summary: The median home sold price in 98624 was $114,845 in November 2024, down 72.7% from last month, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$114.8K
N/A
4 $420K-
N/A
5+ --
N/A

Summary: 98624 housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98644
-11.1%
98614
-16.1%
98624
-72.7%

Housing Supply in 98624, WA

How many homes are available in 98624, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The 98624 real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 34
+33.3%
4 43
-25.0%
5+ 11
0.0%

Summary: The 98624 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 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98624, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 98624 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 98624, WA

How long does it take to sell a home in 98624, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
129 Days127 Days-1.6%

Summary: Homes in 98624 had an average of 127 days on market in Nov 2024, down by 1.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98624 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 98624; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 98624, WA

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