Is 98908, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98908 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 98908 has remained a Seller's Market.

Key Takeaway

98908 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 98908, WA

How much do homes in 98908, WA cost?

Median Sold Price

$910,000

$297/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$550,000(+152.8%)

Key Takeaway

Homes in 98908 have sold for 152.8% more than they did a month ago.

Summary: The median home sold price in 98908 was $910,000 in October 2024, up 152.8% from last month, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $310K-
N/A
3 $430K$374.9K
-12.8%
4 -$1.2M
N/A
5+ $360K$620K
+72.2%

Summary: 98908 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 12.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 72.2%.

Housing Supply in 98908, WA

How many homes are available in 98908, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2520-20.0%

Summary: The 98908 real estate market had 20 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 129
-25.0%
4 78
+14.3%
5+ 42
-50.0%

Summary: The 98908 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 decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98908, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 98908 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 98908, WA

How long does it take to sell a home in 98908, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
73 Days34 Days-52.9%

Summary: Homes in 98908 had an average of 34 days on market in Oct 2024, down by 52.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were 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 98908 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 98908; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 15 Days Ago

Newest Listings in 98908, WA

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