Is 98626, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98626 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98626 has remained a Seller's Market.

Key Takeaway

98626 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98626, WA

How much do homes in 98626, WA cost?

Median Sold Price

$371,640

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,640(+2.9%)

Key Takeaway

Homes in 98626 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 98626 was $371,640 in October 2024, up 2.9% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $230K$230.3K
0.1%
2 $275K$281.2K
+2.3%
3 $363.2K$375K
+3.2%
4 $449.9K$460K
+2.2%
5+ $440K$437.5K
-0.6%

Summary: 98626 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Zip Codes

98611
+6.8%
98626
+2.9%
98632
+0.6%
98625
-5.3%

Housing Supply in 98626, WA

How many homes are available in 98626, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
171169-1.2%

Summary: The 98626 real estate market had 169 homes for sale in October 2024, a 1.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 3125
-19.4%
3 9592
-3.2%
4 3841
+7.9%
5+ 36
+100.0%

Summary: The 98626 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
33330.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98626, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 98626 in October 2024, the same as the previous month. Of the 33 sold homes, 33% were sold under asking, 27% were sold at asking, and 39% were sold over asking.

Days on Market for 98626, WA

How long does it take to sell a home in 98626, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days54 Days+174.5%

Summary: Homes in 98626 had an average of 54 days on market in Oct 2024, up by 174.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98626 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 33 homes were sold in 98626; 42% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% 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 98626, WA

Nearby Markets to 98626, WA