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 November 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

$425,000

$244/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in 99362 has remained the same since last year.

Summary: The median home sold price in 99362 was $425,000 in November 2024, the same as last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $222K$218K
-1.8%
2 $294.5K$287K
-2.5%
3 $399K$411.5K
+3.1%
4 $515K$539K
+4.7%
5+ $615K$637K
+3.6%

Summary: 99362 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

99362
0.0%
97862
-0.6%
99324
-1.1%

Housing Supply in 99362, WA

How many homes are available in 99362, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
197173-12.2%

Summary: The 99362 real estate market had 173 homes for sale in November 2024, a 12.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 2221
-4.5%
3 10084
-16.0%
4 4439
-11.4%
5+ 2624
-7.7%

Summary: The 99362 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4539-13.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

3 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. 64.1% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 99362 in November 2024, down by 13.3% month-over-month. Of the 39 sold homes, 64% were sold under asking, 28% were sold at asking, and 8% 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

Nov 2023Nov 2024CHANGE
34 Days61 Days+77.9%

Summary: Homes in 99362 had an average of 61 days on market in Nov 2024, up by 77.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

10 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 November 2024, 39 homes were sold in 99362; 41% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 26% 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 2 Days Ago

Newest Listings in 99362, WA

Nearby Markets to 99362, WA