$259,000
0.32 Acres
Land
Lyla R. Bostick, Listing Office: Realty Pro West LLC
Is 98642, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 98642 was a Neutral Market.
Key Takeaway
98642 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98642, WA
How much do homes in 98642, WA cost?
Median Sold Price
$613,700
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,867(+0.5%)
Key Takeaway
The sold price of homes in 98642 has remained the same since last year.
Summary: The median home sold price in 98642 was $613,700 in October 2024, up 0.5% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $435K | N/A |
| 2 Bedrooms | $428.9K | $461K | +7.5% |
| 3 Bedrooms | $507.8K | $559.9K | +10.3% |
| 4 Bedrooms | $674.9K | $652.2K | -3.4% |
| 5+ Bedrooms | $775K | $863.8K | +11.5% |
Summary: 98642 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 7.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in 98642, WA
How many homes are available in 98642, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 343 | 326 | -5.0% |
Summary: The 98642 real estate market had 326 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 146 | 142 | -2.7% |
| 4 Bedrooms | 142 | 136 | -4.2% |
| 5+ Bedrooms | 45 | 38 | -15.6% |
Summary: The 98642 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 remained the same, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 15.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 63 | +3.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98642, expect to pay close to the asking price. 49.2% of homes here sold near the asking price last month.
Summary: A total of 63 homes were sold or pending in 98642 in October 2024, up by 3.3% month-over-month. Of the 63 sold homes, 30% were sold under asking, 49% were sold at asking, and 21% were sold over asking.
Days on Market for 98642, WA
How long does it take to sell a home in 98642, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 72 Days | +18.9% |
Summary: Homes in 98642 had an average of 72 days on market in Oct 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98642 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 63 homes were sold in 98642; 38% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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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.