New - 15 hours on Rocket
$7,659 Closing Credit¹
#2329900, Brandy M. Runkle, Listing Office: DR Horton
98516 Housing Market Report January 2025•Thurston County, Washington
Housing Prices in 98516, WA
How much do homes in 98516, WA cost?
Housing Market Conditions
Is 98516, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
98516 is a Seller's Market
Difference Since January 2024
Since last year, 98516 has remained a Seller's Market.
Insight
98516 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$569,978$288/SqFt
+$39,978
+7.5%
Based on all homes sold in the last 12 months
Insight
Homes in 98516 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 98516 was $569,978 in January 2025, up 7.5% from last year, and the median price per square foot was $288.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 22 Bedrooms | $495K | $569.9K | +15.2% |
| 55+ Bedrooms | $625K | $687.5K | +10.0% |
| 11 Bedroom | - | - | N/A |
| 33 Bedrooms | $486.5K | $494.6K | +1.7% |
| 44 Bedrooms | $600K | $620K | +3.3% |
Summary: 98516 housing price by bedroom type for January 2025, compared to the previous year. The home price for 2 bedroom homes increased by +15.2%. The home price for 5 bedroom homes increased by +10.0%. The home price for 1 bedroom homes did not change. The home price for 3 bedroom homes increased by +1.7%. The home price for 4 bedroom homes increased by +3.3%.
Housing supply in 98516, WA
How many homes are available in 98516, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 90Last MonthJan 2025 | ||
| 872 months agoDec 2024 | +3.4 % Change MoMDec – Jan |
Summary: The 98516 real estate market had 90 homes for sale in Jan 2025, a 3.4 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 19Last MonthJan 2025 | ||
| 282 months agoDec 2024 | -32.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 22 Bedrooms | 20 | 23 | +15.0% |
| 55+ Bedrooms | 7 | 12 | +71.4% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 33 Bedrooms | 39 | 33 | -15.4% |
| 44 Bedrooms | 21 | 22 | +4.8% |
Summary: 98516 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +15.0%. The inventory for 5 bedroom homes increased by +71.4%. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -15.4%. The inventory for 4 bedroom homes increased by +4.8%.
Asking Price vs. Sold Price
How much do homes in 98516, WA cost?
Over Asking Price4 Homes
At Asking Price9 Homes
Under Asking Price6 Homes
Insight
If you're buying a home in 98516, expect to pay close to the asking price. 47.4% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in 98516 in January 2025, down by 32.1% month-over-month. Of the 19 sold homes, 32% were sold under asking, 47% were sold at asking, and and 21% were sold over asking.
Days on Market for 98516, WA
How long does it take to sell a home in 98516, WA?
Breakdown of Home Sale Times
Under 30 Days9 Homes
30 – 90 Days6 Homes
Over 90 Days4 Homes
Insight
Many homes in 98516 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 19 homes were sold in 98516; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 62 DaysThis YearJan 2025 | ||
| 31 Days1 year agoJan 2024 | +99.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 98516 had an average listing age of 62 days in Jan 2025, up by 99.0% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 98516, WA
What homes are available in 98516, WA?
New - 6 days on Rocket
$7,303 Closing Credit¹
#2321004, Katy Smith, Listing Office: RE/MAX Northwest
New - 7 days on Rocket
$6,116 Closing Credit¹
#2327551, Bill Johnson, Listing Office: William E. Johnson
New - 7 days on Rocket
$7,778 Closing Credit¹
#2327493, Brandy M. Runkle, Listing Office: DR Horton
3D tour
$7,244 Closing Credit¹
#2326228, Katelynn Rajcich, Listing Office: City Realty, Inc.
$7,066 Closing Credit¹
#2323763, Ed Tropp, Listing Office: Coldwell Banker Bain
$7,124 Closing Credit¹
#2325546, Ray Koltermann, Listing Office: Windermere RE/Lake Tapps, Inc
$10,000 Closing Credit¹
#2324428, Cherie D. McNeal, Listing Office: Coldwell Banker Evergreen
3D tour
$8,609 Closing Credit¹
#2318970, Michelle Guykema, Listing Office: Keller Williams Realty
$10,000 Closing Credit¹
#2322137, Kendra Fredericks, Listing Office: Van Dorm Realty, Inc
$7,363 Closing Credit¹
#2323123, Savannah A. Parker, Listing Office: Abbey Realty Inc
3D tour
$8,900 Closing Credit¹
#2321674, Katelynn Rajcich, Listing Office: City Realty, Inc.
Popular Cities with Homes for Sale in Washington
- Homes for sale in Auburn, WA
- Homes for sale in Anacortes, WA
- Homes for sale in Bellevue, WA
- Homes for sale in Bellingham, WA
- Homes for sale in Camas, WA
- Homes for sale in Centralia-Chehalis, WA
- Homes for sale in Federal Way, WA
- Homes for sale in Lacey, WA
- Homes for sale in Long Beach-North Beach Peninsula, WA
- Homes for sale in Longview, WA
- Homes for sale in Mount Vernon, WA
- Homes for sale in Ocean Park, WA
- Homes for sale in Olympia, WA
- Homes for sale in Puyallup, WA
- Homes for sale in Renton, WA
- Homes for sale in Seattle, WA
- Homes for sale in Shoreline, WA
- Homes for sale in Spokane, WA
- Homes for sale in Spokane Valley, WA
- Homes for sale in Tacoma, WA
- Homes for sale in Vancouver, WA
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, 12:17:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.