Is 98644, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98644 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 98644 was a Buyer's Market.

Key Takeaway

98644 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98644, WA

How much do homes in 98644, WA cost?

Median Sold Price

$371,000

$267/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$189,000(-33.8%)

Key Takeaway

Homes in 98644 have sold for 33.7% less than they did a month ago.

Summary: The median home sold price in 98644 was $371,000 in October 2024, down 33.8% from last month, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $360K-
N/A
2 $560K$330K
-41.1%
3 $575K$413K
-28.2%
4 --
N/A
5+ --
N/A

Summary: 98644 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.1%, 3 bedroom homes decreased by 28.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98644
-33.8%
98624
-39.4%

Housing Supply in 98644, WA

How many homes are available in 98644, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2522-12.0%

Summary: The 98644 real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1412
-14.3%
3 66
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 98644 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98644, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 98644 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 98644, WA

How long does it take to sell a home in 98644, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
59 Days74 Days+26.1%

Summary: Homes in 98644 had an average of 74 days on market in Oct 2024, up by 26.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 98644 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in 98644; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 23 Days Ago

Newest Listings in 98644, WA

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