Is 98664, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 98664 has remained a Seller's Market.
Housing Prices in 98664, WA
How much do homes in 98664, WA cost?
Median Sold Price
$478,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 98664 was $478,000 in May 2024, up 7.4% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $279K | +5.3% |
2 Bedrooms | $320K | $337K | +5.3% |
3 Bedrooms | $426.2K | $472.5K | +10.9% |
4 Bedrooms | $575K | $597.4K | +3.9% |
5+ Bedrooms | $750.2K | $1.2M | +68.1% |
Summary: 98664 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 68.1%.
Housing Supply in 98664, WA
How many homes are available in 98664, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 96 | +12.9% |
Summary: The 98664 real estate market had 96 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 4 | +100.0% |
2 Bedrooms | 17 | 21 | +23.5% |
3 Bedrooms | 44 | 40 | -9.1% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 98664 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 98664 in May 2024, up by 21.1% month-over-month. Of the 23 sold homes, 43% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for 98664, WA
How long does it take to sell a home in 98664, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 43 Days | +209.3% |
Summary: Homes in 98664 had an average of 43 days on market in May 2024, up by 209.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in 98664; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.