$148,000
0.46 Acres
Land
Cassandra Marks, Listing Office: Real Broker LLC
Is 98640, 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, 98640 was a Seller's Market.
Key Takeaway
98640 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 98640, WA
How much do homes in 98640, WA cost?
Median Sold Price
$330,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,000(-5.7%)
Key Takeaway
Homes in 98640 have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in 98640 was $330,000 in November 2024, down 5.7% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258K | $232K | -10.1% |
| 2 Bedrooms | $330K | $323.7K | -1.9% |
| 3 Bedrooms | $400K | $409K | +2.3% |
| 4 Bedrooms | $650K | $450K | -30.8% |
| 5+ Bedrooms | $649K | - | N/A |
Summary: 98640 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 98631 | $355K | $380K | +7.0% |
| 98640 | $350K | $330K | -5.7% |
Housing Supply in 98640, WA
How many homes are available in 98640, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 | 122 | -3.9% |
Summary: The 98640 real estate market had 122 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 59 | 52 | -11.9% |
| 3 Bedrooms | 47 | 48 | +2.1% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 98640 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98640, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 98640 in November 2024, up by 11.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for 98640, WA
How long does it take to sell a home in 98640, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 112 Days | 51 Days | -54.1% |
Summary: Homes in 98640 had an average of 51 days on market in Nov 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98640 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in 98640; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% 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.