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 December 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

$425,165

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$165(0.0%)

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 $425,165 in December 2024, the same as last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $686K$218K
-68.2%
2 $294.2K$295K
0.3%
3 $402.5K$422.2K
+4.9%
4 $515K$543.5K
+5.5%
5+ $600K$668.5K
+11.4%

Summary: 99362 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.2%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 11.4%.

Median Sold Price Compared To Nearby Zip Codes

97862
+3.2%
99362
0.0%
99324
-2.0%

Housing Supply in 99362, WA

How many homes are available in 99362, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
169158-6.5%

Summary: The 99362 real estate market had 158 homes for sale in December 2024, a 6.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 52
-60.0%
2 1918
-5.3%
3 8879
-10.2%
4 3737
0.0%
5+ 2022
+10.0%

Summary: The 99362 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4030-25.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 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. 46.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 99362 in December 2024, down by 25.0% month-over-month. Of the 30 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% 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

Dec 2023Dec 2024CHANGE
48 Days57 Days+18.8%

Summary: Homes in 99362 had an average of 57 days on market in Dec 2024, up by 18.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 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 December 2024, 30 homes were sold in 99362; 53% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% 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 4 Days Ago

Newest Listings in 99362, WA

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