Is 98672, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98672 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 98672 has remained a Buyer's Market.

Key Takeaway

98672 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98672, WA

How much do homes in 98672, WA cost?

Median Sold Price

$780,000

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,500(+2.2%)

Key Takeaway

Homes in 98672 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 98672 was $780,000 in October 2024, up 2.2% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$635K
N/A
2 $773.1K$610K
-21.1%
3 $715K$707K
-1.1%
4 $935K$1.2M
+31.0%
5+ $1.0M$1.1M
+13.3%

Summary: 98672 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 21.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 13.3%.

Housing Supply in 98672, WA

How many homes are available in 98672, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3133+6.5%

Summary: The 98672 real estate market had 33 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1316
+23.1%
4 88
0.0%
5+ 65
-16.7%

Summary: The 98672 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 increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98672, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 98672 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 98672, WA

How long does it take to sell a home in 98672, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days47 Days+540.9%

Summary: Homes in 98672 had an average of 47 days on market in Oct 2024, up by 540.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98672 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 98672; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

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