98362 Housing Market Report January 2025•Clallam County, Washington

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Housing Prices in 98362, WA

How much do homes in 98362, WA cost?

Housing Market Conditions

Is 98362, WA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

98362 is a Buyer's Market

Difference Since December 2024

Last month, 98362 was a Seller's Market.

Insight

98362 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$375,000$286/SqFt
-$57,500
-13.3%

Based on all homes sold in January 2025

Insight

Homes in 98362 have sold for 13.3% less than they did a month ago.

Summary: The median home sold price in 98362 was $375,000 in January 2025, down 13.3% from last month, and the median price per square foot was $286.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2$334K$245K
-26.6%
3$449K$750K
+67.0%
4$585K$437.2K
-25.3%
5--
N/A

Summary: 98362 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -26.6%. The home price for 3 bedroom homes increased by +67.0%. The home price for 4 bedroom homes decreased by -25.3%. The home price for 5 bedroom homes did not change.

Housing supply in 98362, WA

How many homes are available in 98362, WA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
51Last MonthJan 2025
472 months agoDec 2024
+8.5 %
Change MoMDec – Jan

Summary: The 98362 real estate market had 51 homes for sale in Jan 2025, a 8.5 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthJan 2025
182 months agoDec 2024
-66.7 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
102
+100.0%
21915
-21.1%
32028
+40.0%
486
-25.0%
500
0.0%

Summary: 98362 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -21.1%. The inventory for 3 bedroom homes increased by +40.0%. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 98362, WA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in 98362, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 98362 in January 2025, down by 66.7% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.

Days on Market for 98362, WA

How long does it take to sell a home in 98362, WA?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in 98362 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 6 homes were sold in 98362; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
35 DaysLast MonthJan 2025
45 Days1 month agoDec 2024
-22.3 %
Change MoMDec – Jan

Summary: Homes in 98362 had an average listing age of 35 days in Jan 2025, down by 22.3% compared to the previous month.

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Newest Listings in 98362, WA

What homes are available in 98362, WA?

New listings aren’t available for 98362, WA

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