Is 98826, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98826 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 98826 was a Seller's Market.

Key Takeaway

98826 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98826, WA

How much do homes in 98826, WA cost?

Median Sold Price

$775,500

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$129,500(+20.0%)

Key Takeaway

Homes in 98826 have sold for 20% more than they did a year ago.

Summary: The median home sold price in 98826 was $775,500 in December 2024, up 20% from last year, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $357.5K$497.5K
+39.2%
2 $535K$619K
+15.7%
3 $750K$845K
+12.7%
4 $980K$1.0M
+12.1%
5+ $810K$1.1M
+44.9%

Summary: 98826 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.2%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 44.9%.

Housing Supply in 98826, WA

How many homes are available in 98826, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8676-11.6%

Summary: The 98826 real estate market had 76 homes for sale in December 2024, a 11.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 87
-12.5%
2 3023
-23.3%
3 3936
-7.7%
4 45
+25.0%
5+ 55
0.0%

Summary: The 98826 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

9 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 98826, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 98826 in December 2024, down by 23.1% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.

Days on Market for 98826, WA

How long does it take to sell a home in 98826, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
97 Days96 Days-1.5%

Summary: Homes in 98826 had an average of 96 days on market in Dec 2024, down by 1.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 98826 has remained consistent over time.

Summary: During December 2024, 10 homes were sold in 98826; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 2 Days Ago

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