$3,895 Closing Credit*
$328,000
1,380 SqFt
3 Beds
•2 Full Baths
Marizol Mendez, Listing Office: Sunset Real Estate
Is 98851, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 98851 was a Seller's Market.
Key Takeaway
98851 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 98851, WA
How much do homes in 98851, WA cost?
Median Sold Price
$309,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,000(+14.4%)
Key Takeaway
Homes in 98851 have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in 98851 was $309,000 in October 2024, up 14.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $255K | +155.0% |
| 2 Bedrooms | $153K | $209.5K | +36.9% |
| 3 Bedrooms | $306.9K | $324K | +5.6% |
| 4 Bedrooms | $392K | $323K | -17.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 98851 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 155%, 2 bedroom homes increased by 36.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes did not change.
Housing Supply in 98851, WA
How many homes are available in 98851, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The 98851 real estate market had 28 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 98851 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 20%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 98851, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 98851 in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 98851, WA
How long does it take to sell a home in 98851, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 98 Days | 10 Days | -89.8% |
Summary: Homes in 98851 had an average of 10 days on market in Oct 2024, down by 89.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 98851 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 98851; 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.
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.