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 October 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

$376,500

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,375(+0.6%)

Key Takeaway

Homes in 98632 have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in 98632 was $376,500 in October 2024, up 0.6% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $232.5K$228K
-1.9%
2 $280K$295K
+5.4%
3 $379.9K$383.7K
+1.0%
4 $450K$456.5K
+1.4%
5+ $494.9K$440K
-11.1%

Summary: 98632 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

98581
+28.7%
98612
+15.3%
98611
+6.8%
98626
+2.9%
98632
+0.6%

Housing Supply in 98632, WA

How many homes are available in 98632, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
353385+9.1%

Summary: The 98632 real estate market had 385 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 39
+200.0%
2 7779
+2.6%
3 159175
+10.1%
4 9294
+2.2%
5+ 2228
+27.3%

Summary: The 98632 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6281+30.6%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98632, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in 98632 in October 2024, up by 30.6% month-over-month. Of the 81 sold homes, 43% were sold under asking, 40% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
38 Days38 Days+2.5%

Summary: Homes in 98632 had an average of 38 days on market in Oct 2024, up by 2.5% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

7 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 October 2024, 81 homes were sold in 98632; 57% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% 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 98632, WA

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