Is 98843, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98843 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 98843 was a Seller's Market.

Key Takeaway

98843 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98843, WA

How much do homes in 98843, WA cost?

Median Sold Price

$1,800,000

$482/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$972,000(+117.4%)

Key Takeaway

Homes in 98843 have sold for 117.4% more than they did a month ago.

Summary: The median home sold price in 98843 was $1,800,000 in November 2024, up 117.4% from last month, and the median price per square foot was $482.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $273K-
N/A
2 --
N/A
3 $894K-
N/A
4 $485K$1.8M
+271.1%
5+ $3.2M-
N/A

Summary: 98843 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 271.1%, and 5+ bedroom homes did not change.

Housing Supply in 98843, WA

How many homes are available in 98843, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1611-31.3%

Summary: The 98843 real estate market had 11 homes for sale in November 2024, a 31.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 22
0.0%
3 53
-40.0%
4 32
-33.3%
5+ 21
-50.0%

Summary: The 98843 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98843, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 98843 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 98843, WA

How long does it take to sell a home in 98843, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
90 Days10 Days-88.9%

Summary: Homes in 98843 had an average of 10 days on market in Nov 2024, down by 88.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98843 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 98843; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 98843, WA

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