$3,313 Closing Credit*
$279,000
1,296 SqFt
3 Beds
•2 Full Baths
Katherine Mack, Listing Office: Lighthouse Realty
Is 98631, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 98631 was a Seller's Market.
Key Takeaway
98631 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98631, WA
How much do homes in 98631, WA cost?
Median Sold Price
$380,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+7.0%)
Key Takeaway
Homes in 98631 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 98631 was $380,000 in November 2024, up 7% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $197.5K | +14.5% |
| 2 Bedrooms | $331K | $278.4K | -15.9% |
| 3 Bedrooms | $421K | $427.5K | +1.5% |
| 4 Bedrooms | $570K | $768K | +34.7% |
| 5+ Bedrooms | $150K | $575K | +283.3% |
Summary: 98631 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes increased by 283.3%.
Median Sold Price Compared To Nearby Zip Codes
| 98631 | $355K | $380K | +7.0% |
| 98640 | $350K | $330K | -5.7% |
Housing Supply in 98631, WA
How many homes are available in 98631, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 75 | -3.8% |
Summary: The 98631 real estate market had 75 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 14 | -6.7% |
| 2 Bedrooms | 29 | 31 | +6.9% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 98631 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98631, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 98631 in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 98631, WA
How long does it take to sell a home in 98631, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 129 Days | 80 Days | -37.6% |
Summary: Homes in 98631 had an average of 80 days on market in Nov 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 98631 has remained consistent over time.
Summary: During November 2024, 10 homes were sold in 98631; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.