Is 98675, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98675 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 98675 was a Seller's Market.

Key Takeaway

98675 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 98675, WA

How much do homes in 98675, WA cost?

Median Sold Price

$488,000

$327/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$62,250(-11.3%)

Key Takeaway

Homes in 98675 have sold for 11.3% less than they did a year ago.

Summary: The median home sold price in 98675 was $488,000 in October 2024, down 11.3% from last year, and the median price per square foot was $327.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $455.7K-
N/A
2 $480K$363K
-24.4%
3 $449.5K$448.2K
-0.3%
4 $725K$842.5K
+16.2%
5+ $801K$930K
+16.1%

Summary: 98675 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 24.4%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Zip Codes

98607
+13.3%
98601
+6.3%
98606
-2.0%
98604
-2.4%
98675
-11.3%

Housing Supply in 98675, WA

How many homes are available in 98675, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3541+17.1%

Summary: The 98675 real estate market had 41 homes for sale in October 2024, a 17.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 24
+100.0%
3 1924
+26.3%
4 77
0.0%
5+ 54
-20.0%

Summary: The 98675 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 increased by 100%, 3 bedroom homes increased by 26.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

5 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 98675, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 98675 in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for 98675, WA

How long does it take to sell a home in 98675, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days92 Days+128.8%

Summary: Homes in 98675 had an average of 92 days on market in Oct 2024, up by 128.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98675 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 98675; 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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