Is 98674, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98674 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 98674 was a Neutral Market.

Key Takeaway

98674 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98674, WA

How much do homes in 98674, WA cost?

Median Sold Price

$538,336

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,336(+0.6%)

Key Takeaway

Homes in 98674 have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in 98674 was $538,336 in October 2024, up 0.6% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $114K$416.5K
+265.4%
2 $399.9K$450K
+12.5%
3 $463K$487K
+5.2%
4 $732.5K$596K
-18.6%
5+ $714.9K$550K
-23.1%

Summary: 98674 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 265.4%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 23.1%.

Median Sold Price Compared To Nearby Zip Codes

98674
+0.6%
98642
0.5%
98629
-1.7%
98625
-5.3%

Housing Supply in 98674, WA

How many homes are available in 98674, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97116+19.6%

Summary: The 98674 real estate market had 116 homes for sale in October 2024, a 19.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 64
-33.3%
3 4858
+20.8%
4 2738
+40.7%
5+ 1516
+6.7%

Summary: The 98674 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1125+127.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98674, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 98674 in October 2024, up by 127.3% month-over-month. Of the 25 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.

Days on Market for 98674, WA

How long does it take to sell a home in 98674, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days50 Days+129.1%

Summary: Homes in 98674 had an average of 50 days on market in Oct 2024, up by 129.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98674 has remained consistent over time.

Summary: During October 2024, 25 homes were sold in 98674; 36% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 24% 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

Newest Listings in 98674, WA

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