$5,332 Closing Credit*
$449,000
2,386 SqFt
4 Beds
•1 Full Bath
Liz Stewart, Listing Office: Nick McLean Real Estate Group
Is 98802, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 98802 has remained a Seller's Market.
Key Takeaway
98802 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 98802, WA
How much do homes in 98802, WA cost?
Median Sold Price
$505,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,666(+4.9%)
Key Takeaway
Homes in 98802 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 98802 was $505,000 in November 2024, up 4.9% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $413.1K | $265K | -35.9% |
| 2 Bedrooms | $384.5K | $420.2K | +9.3% |
| 3 Bedrooms | $459K | $489.9K | +6.7% |
| 4 Bedrooms | $595K | $630K | +5.9% |
| 5+ Bedrooms | $615K | $769K | +25.0% |
Summary: 98802 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.9%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Zip Codes
| 98802 | $481.3K | $505K | +4.9% |
| 98801 | $499K | $513.8K | +3.0% |
Housing Supply in 98802, WA
How many homes are available in 98802, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 168 | 147 | -12.5% |
Summary: The 98802 real estate market had 147 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 93 | 80 | -14.0% |
| 4 Bedrooms | 42 | 41 | -2.4% |
| 5+ Bedrooms | 19 | 14 | -26.3% |
Summary: The 98802 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 26.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 26 | -42.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 98802, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 98802 in November 2024, down by 42.2% month-over-month. Of the 26 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for 98802, WA
How long does it take to sell a home in 98802, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 51 Days | -16.9% |
Summary: Homes in 98802 had an average of 51 days on market in Nov 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98802 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in 98802; 42% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.