Is 98645, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98645 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 98645 has remained a Seller's Market.

Key Takeaway

98645 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98645, WA

How much do homes in 98645, WA cost?

Median Sold Price

$455,000

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.1%)

Key Takeaway

Homes in 98645 have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in 98645 was $455,000 in October 2024, up 1.1% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $250.1K-
N/A
2 $420K$377.8K
-10.0%
3 $439K$466.2K
+6.2%
4 $654.5K-
N/A
5+ $625K-
N/A

Summary: 98645 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 decreased by 10%, 3 bedroom homes increased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

98611
+6.8%
98645
+1.1%

Housing Supply in 98645, WA

How many homes are available in 98645, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
21210.0%

Summary: The 98645 real estate market had 21 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 44
0.0%
3 1512
-20.0%
4 02
+100.0%
5+ 11
0.0%

Summary: The 98645 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98645, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 98645 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 98645, WA

How long does it take to sell a home in 98645, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
117 Days71 Days-38.7%

Summary: Homes in 98645 had an average of 71 days on market in Oct 2024, down by 38.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98645 has remained consistent over time.

Summary: During October 2024, 8 homes were sold in 98645; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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 21 Days Ago

Newest Listings in 98645, WA

Nearby Markets to 98645, WA