Is now a good time to sell my house in Lake Tapps?

For most Lake Tapps owners, the calendar that matters is their own. A sale works best when it fits your next move, your finances and the condition of the house.

The Lake Tapps numbers worth watching are time to contract, price cuts and what similar homes closed at, all of which a local agent or the public sale records can supply.

More in How Do I Know When It’s Time to Sell My House?

Should I sell my Lake Tapps house as-is or fix it up first?

Make the inexpensive, visible repairs an inspector would flag, and skip the big projects. Sell as-is when the work would cost more, or take longer, than it would add.

Our sample for Lake Tapps is a single home, so recent sales on your own street are the better guide to what buyers there expect.

More in Should I Sell My House As-Is or Fix It Up First?

What are the benefits of selling my Lake Tapps house off-market?

Discretion, no preparation and control of the calendar.

  • No public listing. No MLS listing, no listing photos and no open house.
  • The house as it stands. No repairs, no staging and no deep clean before closing.
  • Your date. Close in a few weeks or a few months, whichever suits your next move.
  • One counterpart. You deal with one buyer, not a run of showings and counteroffers.

What you give up is reach. A listing shows the house to every active buyer at once, which can lift the price in a strong market. Should I Sell My House Off-Market? sets out both sides.

How fast can I sell my house in Lake Tapps?

As fast as the title work allows, if you sell privately. You and the buyer set the closing date, and the title search and Washington’s closing documents set the floor.

A listed sale usually takes longer, because the house has to be prepared, shown and negotiated, and the buyer’s inspection, appraisal and loan approval can still undo the deal late in the process.

If you are relocating, read How Do I Sell My House Fast When I’m Moving for Work?

What does it cost to sell a house in Lake Tapps?

Commission first, then transfer taxes, title and closing fees, and the repairs or credits a buyer asks for after inspection. Address District charges no commission.

On federal taxes, the IRS says an owner who owned and lived in the house as a main home for two of the five years before the sale may exclude up to $250,000 of gain, or $500,000 for a married couple filing jointly.

Line by line in How Much Does It Cost to Sell a House?

How does selling my Lake Tapps house off-market work?

In four steps, with no listing and no showings.

  1. Send us the address and a few details through the offer form, or get in touch.
  2. A person on our team looks at the house and recent sales nearby, and may ask for a walk-through.
  3. We send a written offer. You are under no obligation to accept it.
  4. If you do, the closing is handled by a title company or closing attorney, on your date.

Before you sign anything, we tell you in writing who the buyer is.

What if my Lake Tapps house isn’t selling?

Usually the price, sometimes the condition, occasionally the marketing. The showing count tells you which.

Before you talk to another buyer, read your listing agreement. Most owe the agent a commission on any sale during the term. More in Why Isn’t My House Selling?

How does Lake Tapps compare with nearby neighborhoods?

Ravensdale, 19 miles away, shows one older home among the one we sampled. Burien, 23 miles away, has one older home among the two we sampled. Gig Harbor, 23 miles away, counts three older homes among the five we sampled. Lake Tapps ranks tied for 883rd nationally for older homes, behind two of them.

Every neighborhood in the index has its own page, and the Washington page lists all 48 in the state.

Do older homes in Lake Tapps sell for less than new construction?

In our sample, yes. The one older home in the 98391 sample sold for 7.8 percent of the average price of new construction in the same ZIP code. The Washington median is 30.3 percent, and the index median is 23.1 percent. With one older home behind it, treat the figure as a rough guide.

The gap reflects size, lot and condition as much as age, so price an older house against recent sales of other older houses nearby, not against new construction.

Lake Tapps by the numbers

Older homes
1
of 1 home sampled, built 1980 or earlier
Share of older homes
100.0%
Washington 28.8%. Index 49.0%.
Older vs new
7.8%
Older home price as a share of new construction
National rank
#883 (tie)
of 1,192 ZIP codes
State rank
#35
of 48 in Washington
Minimum lot
16,053 sq ft
As recorded in the source data

The Address District sample includes one home in Lake Tapps (98391), and it was built in 1980 or earlier. That places 98391 tied for 883rd of 1,192 ZIP codes nationally for the number of older homes, and tied for 35th of 48 in Washington.

Across the 48 Washington ZIP codes in the index, 28.8 percent of the homes sampled were built in 1980 or earlier, against 49.0 percent across all 1,192 ZIP codes.

With one home in the sample, read these figures as a snapshot of the homes sampled rather than a measure of the whole ZIP code.

How 98391 compares

Share of older homes

Homes in the sample built in 1980 or earlier

98391 Lake Tapps100.0%
Washington28.8%
All ZIP codes in the index49.0%

Older home prices against new construction

Average older home price as a share of new construction

98391 Lake Tapps7.8%
Washington median30.3%
Index median23.1%

Nearby neighborhoods in the index

ZIPPlaceDistanceRankShare
98051RavensdaleKing County, WA19 mi883100.0%
98166BurienKing County, WA23 mi76250.0%
98335Gig HarborPierce County, WA23 mi33760.0%
98056NewcastleKing County, WA25 mi45133.3%
98332Gig HarborPierce County, WA25 mi76250.0%
98006BellevueKing County, WA29 mi8123.7%
98040Mercer IslandKing County, WA29 mi42516.7%
98136West Seattle / FauntleroySeattle, WA29 mi70733.3%

The top of Washington

State rankZIPPlaceHomesOlder homesShare
198004BellevueKing County, WA401332.5%
298052RedmondKing County, WA361336.1%
398033KirklandKing County, WA941111.7%
498008BellevueKing County, WA451124.4%
598006BellevueKing County, WA38923.7%
698115Ravenna / WedgwoodSeattle, WA15533.3%
798034KirklandKing County, WA10550.0%
898007BellevueKing County, WA17423.5%
998117Ballard / Crown HillSeattle, WA5480.0%
1098077WoodinvilleKing County, WA44100.0%

All 48 Washington ZIP codes in the index ›

About the data. Older homes are homes built in 1980 or earlier. Rank orders ZIP codes by the number of older homes in the sample, then by the number of homes. Full methodology and the complete index. Nothing on this page is legal, tax or financial advice.