Is 98856, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98856 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 98856 was a Neutral Market.

Key Takeaway

98856 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 98856, WA

How much do homes in 98856, WA cost?

Median Sold Price

$392,500

$238/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$143,500(-26.8%)

Key Takeaway

Homes in 98856 have sold for 26.8% less than they did a month ago.

Summary: The median home sold price in 98856 was $392,500 in October 2024, down 26.8% from last month, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $412.5K-
N/A
3 $536K$495K
-7.6%
4 -$290K
N/A
5+ --
N/A

Summary: 98856 housing prices by bedroom type for October 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 decreased by 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 98856, WA

How many homes are available in 98856, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
21210.0%

Summary: The 98856 real estate market had 21 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 88
0.0%
3 910
+11.1%
4 21
-50.0%
5+ 11
0.0%

Summary: The 98856 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 98856, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 98856 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 98856, WA

How long does it take to sell a home in 98856, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
143 Days197 Days+37.1%

Summary: Homes in 98856 had an average of 197 days on market in Oct 2024, up by 37.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98856 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 98856; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in 98856, WA

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