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 October 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

$512,346

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,396(+4.6%)

Key Takeaway

Homes in 98682 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 98682 was $512,346 in October 2024, up 4.6% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $214.9K-
N/A
2 $274K$314K
+14.6%
3 $450K$467.7K
+3.9%
4 $585.6K$600K
+2.5%
5+ $739K$705K
-4.6%

Summary: 98682 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 increased by 14.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

98607
+13.3%
98682
+4.6%
98662
+2.2%
98684
-1.5%
98606
-2.0%

Housing Supply in 98682, WA

How many homes are available in 98682, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
318330+3.8%

Summary: The 98682 real estate market had 330 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1316
+23.1%
3 171174
+1.8%
4 108113
+4.6%
5+ 2526
+4.0%

Summary: The 98682 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 23.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7067-4.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98682, you may be able to get a good deal. 37.3% of homes here sold below asking price last month.

Summary: A total of 67 homes were sold or pending in 98682 in October 2024, down by 4.3% month-over-month. Of the 67 sold homes, 37% were sold under asking, 31% were sold at asking, and 31% 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

Oct 2023Oct 2024CHANGE
31 Days61 Days+91.6%

Summary: Homes in 98682 had an average of 61 days on market in Oct 2024, up by 91.6% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

18 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 October 2024, 67 homes were sold in 98682; 48% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 27% 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 23 Days Ago

Newest Listings in 98682, WA

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