Is 99362, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99362 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 99362 has remained a Seller's Market.

Key Takeaway

99362 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 99362, WA

How much do homes in 99362, WA cost?

Median Sold Price

$424,833

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,466(-2.2%)

Key Takeaway

Homes in 99362 have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in 99362 was $424,833 in October 2024, down 2.2% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $213.5K$214K
0.2%
2 $299K$288K
-3.7%
3 $401.2K$410K
+2.2%
4 $515K$530K
+2.9%
5+ $632.5K$700K
+10.7%

Summary: 99362 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

99361
+4.6%
99324
+1.4%
99362
-2.2%

Housing Supply in 99362, WA

How many homes are available in 99362, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
220202-8.2%

Summary: The 99362 real estate market had 202 homes for sale in October 2024, a 8.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 64
-33.3%
2 2821
-25.0%
3 111103
-7.2%
4 5047
-6.0%
5+ 2527
+8.0%

Summary: The 99362 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5245-13.5%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99362, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 99362 in October 2024, down by 13.5% month-over-month. Of the 45 sold homes, 49% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for 99362, WA

How long does it take to sell a home in 99362, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days65 Days+75.5%

Summary: Homes in 99362 had an average of 65 days on market in Oct 2024, up by 75.5% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99362 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 99362; 51% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 31% 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 13 Days Ago

Newest Listings in 99362, WA

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