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 21 Days Ago

Newest Listings in 98675, WA

Nearby Markets to 98675, WA