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All market snapshots / 98031

Kent, WA 98031 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Kent, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 4646PendingPending sales: 33
Kent, WA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $717k$717kSoldMedian sold price (last 6 months): $650k$650k
What homes actually sell for in Kent, WA
Distribution of 188 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $540k to $740k
$115k to $226k: 6 sales$115k$226k to $336k: 9 sales$336k to $447k: 11 sales$336k$447k to $558k: 20 sales$558k to $668k: 53 sales53sales$558k$668k to $779k: 46 sales$779k to $889k: 18 sales$779k$889k to $1M: 7 salesMedian $650k

What the numbers say

As of October 26, 2026, Resideline is tracking 46 active listings and 3 pending sales in ZIP code 98031. That pending-to-active ratio of 0.07 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $717,475, while the median of the 188 closed sales Resideline tracked over the last six months was $650,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 98031 for 74 days.

Frequently asked questions

What is the median home price in 98031?

The median closed sale price in Kent, WA 98031 was $650,000 over the last six months, based on 188 closed sales tracked by Resideline. The middle half of those sales ranged from $540,000 to $740,000.

Is 98031 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 46 active listings in 98031, a pending-to-active ratio of 0.07. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 98031 is currently a typical-pace market.

Nearby ZIP code market data

Full Kent, WA housing market report →

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