New - 5 hours on Rocket
$7,125 Closing Credit¹
#2328961, Kenneth Patton, Listing Office: COMPASS
98498 Housing Market Report January 2025•Pierce County, Washington
Housing Prices in 98498, WA
How much do homes in 98498, WA cost?
Housing Market Conditions
Is 98498, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
98498 is a Seller's Market
Difference Since January 2024
Since last year, 98498 has remained a Seller's Market.
Insight
98498 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$526,333$309/SqFt
+$7,583
+1.5%
Based on all homes sold in the last 12 months
Insight
Homes in 98498 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 98498 was $526,333 in January 2025, up 1.5% from last year, and the median price per square foot was $309.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 22 Bedrooms | $320K | $355K | +10.9% |
| 44 Bedrooms | $600K | $635K | +5.8% |
| 11 Bedroom | $225K | $270.5K | +20.2% |
| 33 Bedrooms | $490K | $500K | +2.0% |
| 55+ Bedrooms | $697.4K | $699.5K | 0.3% |
Summary: 98498 housing price by bedroom type for January 2025, compared to the previous year. The home price for 2 bedroom homes increased by +10.9%. The home price for 4 bedroom homes increased by +5.8%. The home price for 1 bedroom homes increased by +20.2%. The home price for 3 bedroom homes increased by +2.0%. The home price for 5 bedroom homes increased by 0.3%.
Housing supply in 98498, WA
How many homes are available in 98498, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 82Last MonthJan 2025 | ||
| 862 months agoDec 2024 | -4.7 % Change MoMDec – Jan |
Summary: The 98498 real estate market had 82 homes for sale in Jan 2025, a 4.7 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 20Last MonthJan 2025 | ||
| 222 months agoDec 2024 | -9.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 22 Bedrooms | 12 | 13 | +8.3% |
| 44 Bedrooms | 31 | 26 | -16.1% |
| 11 Bedroom | 2 | 1 | -50.0% |
| 33 Bedrooms | 37 | 38 | +2.7% |
| 55+ Bedrooms | 4 | 4 | 0.0% |
Summary: 98498 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +8.3%. The inventory for 4 bedroom homes decreased by -16.1%. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes increased by +2.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 98498, WA cost?
Over Asking Price4 Homes
At Asking Price7 Homes
Under Asking Price9 Homes
Insight
If you're buying a home in 98498, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 98498 in January 2025, down by 9.1% month-over-month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and and 20% were sold over asking.
Days on Market for 98498, WA
How long does it take to sell a home in 98498, WA?
Breakdown of Home Sale Times
Under 30 Days8 Homes
30 – 90 Days7 Homes
Over 90 Days5 Homes
Insight
Many homes in 98498 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 20 homes were sold in 98498; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 56 DaysThis YearJan 2025 | ||
| 26 Days1 year agoJan 2024 | +115.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 98498 had an average listing age of 56 days in Jan 2025, up by 115.4% compared to the previous year.
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Newest Listings in 98498, WA
What homes are available in 98498, WA?
New - 19 hours on Rocket
$2,909 Closing Credit¹
#2329266, Steven Lance Lovelace, Listing Office: eXp Realty
New - 2 days on Rocket
$3,551 Closing Credit¹
#2328787, Amanda Rainey, Listing Office: Real Broker LLC
New - 3 days on Rocket
$7,718 Closing Credit¹
#2328811, Josh Prieur, Listing Office: Better Homes and Gardens RE PC
New - 6 days on Rocket
$10,000 Closing Credit¹
#2328133, Faysel Siraj, Listing Office: Skyline Properties, Inc.
New - 6 days on Rocket
#2328129, Rick W. Seddon, Listing Office: John L. Scott, Inc.
New - 6 days on Rocket
#2328081, Rick W. Seddon, Listing Office: John L. Scott, Inc.
New - 7 days on Rocket
$6,412 Closing Credit¹
#2323645, Paul S. Williams, Listing Office: Paul Williams Real Estate LLC
New - 7 days on Rocket
$10,000 Closing Credit¹
#2325867, Austin Miller, Listing Office: Theory Real Estate
$4,928 Closing Credit¹
#2326746, Tania Lopez, Listing Office: Engel & Voelkers North Tacoma
$5,439 Closing Credit¹
#2326697, Eric Herbel, Listing Office: RE/MAX Northwest
$7,707 Closing Credit¹
#2326227, Arjun Adhikari, Listing Office: RealTrust Properties
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MLS Disclaimers and Copyright
Based on information from Northwest Multiple Listing Service, for the period 02/01/2023 - 02/01/2025
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved. DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 6:17:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.