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 21 Days Ago

Newest Listings in 98674, WA

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