Is 98629, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98629 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98629 has remained a Seller's Market.

Key Takeaway

98629 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98629, WA

How much do homes in 98629, WA cost?

Median Sold Price

$608,995

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,370(-1.7%)

Key Takeaway

Homes in 98629 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 98629 was $608,995 in October 2024, down 1.7% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $496.5K-
N/A
2 $534.9K$605K
+13.1%
3 $599.9K$588K
-2.0%
4 $620K$610K
-1.6%
5+ $734K$626.9K
-14.6%

Summary: 98629 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 13.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 14.6%.

Median Sold Price Compared To Nearby Zip Codes

98601
+6.3%
98674
+0.6%
98642
0.5%
98629
-1.7%
98604
-2.4%

Housing Supply in 98629, WA

How many homes are available in 98629, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7870-10.3%

Summary: The 98629 real estate market had 70 homes for sale in October 2024, a 10.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1720
+17.6%
4 3226
-18.8%
5+ 2723
-14.8%

Summary: The 98629 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 decreased by 50%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 14.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98629, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in 98629 in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.

Days on Market for 98629, WA

How long does it take to sell a home in 98629, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
88 Days74 Days-16.0%

Summary: Homes in 98629 had an average of 74 days on market in Oct 2024, down by 16% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98629 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 12 homes were sold in 98629; 33% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 58% 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

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