$6,163 Closing Credit*
$519,000
1,587 SqFt
3 Beds
•2 Full Baths
Megan Dodson, Listing Office: The Bordak Group
Is 98642, 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, 98642 was a Buyer's 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
$615,231
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,230(+1.7%)
Key Takeaway
Homes in 98642 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 98642 was $615,231 in November 2024, up 1.7% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $435K | N/A |
| 2 Bedrooms | $428.9K | $461K | +7.5% |
| 3 Bedrooms | $499.9K | $565K | +13.0% |
| 4 Bedrooms | $673.4K | $655.1K | -2.7% |
| 5+ Bedrooms | $775K | $839.5K | +8.3% |
Summary: 98642 housing prices by bedroom type for November 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 13%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in 98642, WA
How many homes are available in 98642, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 325 | 282 | -13.2% |
Summary: The 98642 real estate market had 282 homes for sale in November 2024, a 13.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 138 | 120 | -13.0% |
| 4 Bedrooms | 138 | 123 | -10.9% |
| 5+ Bedrooms | 40 | 30 | -25.0% |
Summary: The 98642 housing inventory by bedroom type for November 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 13%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 50 | -29.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98642, you may be able to get a good deal. 46% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 98642 in November 2024, down by 29.6% month-over-month. Of the 50 sold homes, 46% were sold under asking, 42% were sold at asking, and 12% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 87 Days | +0.7% |
Summary: Homes in 98642 had an average of 87 days on market in Nov 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 98642 has remained consistent over time.
Summary: During November 2024, 50 homes were sold in 98642; 26% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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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.