Is 98926, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 98926 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 98926 was a Seller's Market.

Key Takeaway

98926 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 98926, WA

How much do homes in 98926, WA cost?

Median Sold Price

$453,558

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$31,441(-6.5%)

Key Takeaway

Homes in 98926 have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in 98926 was $453,558 in October 2024, down 6.5% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $244.5K$385K
+57.5%
2 $350K$328.7K
-6.1%
3 $464.7K$465K
0.1%
4 $577K$449.5K
-22.1%
5+ $580K$509.9K
-12.1%

Summary: 98926 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.5%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes decreased by 12.1%.

Median Sold Price Compared To Nearby Zip Codes

98828
+3.7%
98926
-6.5%

Housing Supply in 98926, WA

How many homes are available in 98926, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
203188-7.4%

Summary: The 98926 real estate market had 188 homes for sale in October 2024, a 7.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 47
+75.0%
2 3330
-9.1%
3 9389
-4.3%
4 5649
-12.5%
5+ 1713
-23.5%

Summary: The 98926 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 23.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5830-48.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 98926, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 98926 in October 2024, down by 48.3% month-over-month. Of the 30 sold homes, 47% were sold under asking, 37% were sold at asking, and 17% were sold over asking.

Days on Market for 98926, WA

How long does it take to sell a home in 98926, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
64 Days56 Days-12.8%

Summary: Homes in 98926 had an average of 56 days on market in Oct 2024, down by 12.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 98926 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in 98926; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 27% 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 16 Days Ago

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Newest Listings in 98926, WA

Nearby Markets to 98926, WA

MLS Disclaimers and Copyright

Based on information from Northwest Multiple Listing Service for the period 11/01/2022 - 11/01/2024

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe 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.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 1:17:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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