Is 99156, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99156 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 99156 was a Seller's Market.

Key Takeaway

99156 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 99156, WA

How much do homes in 99156, WA cost?

Median Sold Price

$465,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,550(+6.8%)

Key Takeaway

Homes in 99156 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 99156 was $465,000 in October 2024, up 6.8% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$190K
+26.7%
2 $415K$399.5K
-3.7%
3 $442.5K$475K
+7.3%
4 $495K$487K
-1.6%
5+ $463.4K$465K
0.3%

Summary: 99156 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

99156
+6.8%
99003
-12.4%

Housing Supply in 99156, WA

How many homes are available in 99156, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
72720.0%

Summary: The 99156 real estate market had 72 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 79
+28.6%
2 1919
0.0%
3 2526
+4.0%
4 1513
-13.3%
5+ 65
-16.7%

Summary: The 99156 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99156, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 99156 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.

Days on Market for 99156, WA

How long does it take to sell a home in 99156, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days54 Days+1.2%

Summary: Homes in 99156 had an average of 54 days on market in Oct 2024, up by 1.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99156 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 99156; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% 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 14 Days Ago

Newest Listings in 99156, WA

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