Is 98632, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98632 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 98632 has remained a Seller's Market.

Key Takeaway

98632 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98632, WA

How much do homes in 98632, WA cost?

Median Sold Price

$376,000

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,000(+0.5%)

Key Takeaway

Homes in 98632 have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in 98632 was $376,000 in November 2024, up 0.5% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $232.5K$218.9K
-5.8%
2 $282K$299.9K
+6.3%
3 $379.9K$388.6K
+2.3%
4 $450K$458.7K
+1.9%
5+ $471.4K$482.5K
+2.3%

Summary: 98632 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

98581
+28.7%
98612
+9.2%
98626
+4.1%
98632
0.5%
98611
-1.1%

Housing Supply in 98632, WA

How many homes are available in 98632, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
379360-5.0%

Summary: The 98632 real estate market had 360 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 96
-33.3%
2 7772
-6.5%
3 179181
+1.1%
4 8876
-13.6%
5+ 2625
-3.8%

Summary: The 98632 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 3.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8277-6.1%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98632, expect to pay close to the asking price. 39% of homes here sold near the asking price last month.

Summary: A total of 77 homes were sold or pending in 98632 in November 2024, down by 6.1% month-over-month. Of the 77 sold homes, 32% were sold under asking, 39% were sold at asking, and 29% were sold over asking.

Days on Market for 98632, WA

How long does it take to sell a home in 98632, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days46 Days-0.4%

Summary: Homes in 98632 had an average of 46 days on market in Nov 2024, down by 0.4% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98632 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 77 homes were sold in 98632; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% 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 98632, WA

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