Real Estate Market Update for 98837 (Moses Lake, WA)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 18% from one year earlier, and up 3% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 220-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 19%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 170-thousand dollars. The number of units sold decreased 38% year-over-year, and decreased 33% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 98837 (Moses Lake, WA)
Area Information for 98837 (Moses Lake, WA)
  • Population: 42,392
  • Median Age: 34.48 yr
  • Median Commute Time: 16 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 87/sq mi
  • Population Change Since 2000: 29.94%
  • Closest Airport: Tri-cities
  • Closest College: Washington State Univ-tri Cities Campus
  • Closest Jr. College: Big Bend Community College
  • Median Household Income: $49,450
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $164,425
  • Closest Major Sports Team: Tri-city Dust Devils (a)
  • Change Avg. Household Income Since 2000: 35.55%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 98837 (Moses Lake, WA)
Median Age: 34.48 Married: 39% Number of Households: 15,095 Households with Children: 5,664
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 98837 (Moses Lake, WA)

      School Name Distance Type Grades School Rating Parent Rating
      Wsd Columbia Basin J.c. 1.5 mi Public 11-12 0 0
      Endeavor Middle School 1.6 mi Public - 0 0
      Longview Elementary School 1.7 mi Public K-5 1 0
      Larson Heights Elementary School 1.8 mi Public K-5 0 0
      North Elementary School 1.9 mi Public K-5 0 0
      Crestview Christian School 2.7 mi Private K-9 0 0
      Park Orchard Elementary School 2.8 mi Public K-5 2 0
      Knolls Vista Elementary School 2.9 mi Public K-5 1 0
      Skillsource Learning Center 3.3 mi Public 9-12 0 0
      Frontier Middle School 3.4 mi Public 6-8 1 0
      Midway Elementary 3.9 mi Public PRESCHOOL-5 1 0
      Lakeview Terrace Elementary School 3.9 mi Public K-5 1 0
      Garden Heights Elementary School 4.3 mi Public K-5 3 0
      Chief Moses Middle School 4.3 mi Public 6-8 2 0
      Moses Lake Christian Academy 4.5 mi Private PRESCHOOL-12 0 0
      Moses Lake High School 4.5 mi Public 9-12 3 3
      Columbia Basin Technical Skill Center 4.5 mi Public 9-12 0 0
      Peninsula Elementary School 4.8 mi Public K-5 0 0
      Sage Point Elementary School 6.2 mi Public K-5 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 98837 (Moses Lake, WA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.