Is 98682, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98682 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 98682 has remained a Seller's Market.

Key Takeaway

98682 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98682, WA

How much do homes in 98682, WA cost?

Median Sold Price

$513,310

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$16,060(+3.2%)

Key Takeaway

Homes in 98682 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 98682 was $513,310 in December 2024, up 3.2% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $214.9K-
N/A
2 $274.9K$286.9K
+4.4%
3 $455K$470.9K
+3.5%
4 $584.8K$595K
+1.7%
5+ $734.5K$689.9K
-6.1%

Summary: 98682 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

98607
+16.0%
98682
+3.2%
98662
+2.8%
98606
0%
98684
-3.3%

Housing Supply in 98682, WA

How many homes are available in 98682, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
293242-17.4%

Summary: The 98682 real estate market had 242 homes for sale in December 2024, a 17.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 1912
-36.8%
3 157134
-14.6%
4 9074
-17.8%
5+ 2520
-20.0%

Summary: The 98682 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.8%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
7255-23.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98682, expect to pay close to the asking price. 38.2% of homes here sold near the asking price last month.

Summary: A total of 55 homes were sold or pending in 98682 in December 2024, down by 23.6% month-over-month. Of the 55 sold homes, 29% were sold under asking, 38% were sold at asking, and 33% were sold over asking.

Days on Market for 98682, WA

How long does it take to sell a home in 98682, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
50 Days46 Days-8.1%

Summary: Homes in 98682 had an average of 46 days on market in Dec 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98682 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 55 homes were sold in 98682; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% 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 6 Days Ago

Newest Listings in 98682, WA

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