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All market snapshots / 98031

Kent, WA 98031 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Kent, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 4242PendingPending sales: 22
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): $692k$692kSoldMedian sold price (last 6 months): $650k$650k
What homes actually sell for in Kent, WA
Distribution of 202 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $530k to $749k
$155k to $261k: 10 sales$155k$261k to $366k: 13 sales$366k to $472k: 8 sales$366k$472k to $577k: 20 sales$577k to $683k: 58 sales58sales$577k$683k to $789k: 47 sales$789k to $894k: 17 sales$789k$894k to $1000k: 8 salesMedian $650k

What the numbers say

As of October 5, 2026, Resideline is tracking 42 active listings and 2 pending sales in ZIP code 98031. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $692,000, while the median of the 202 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 75 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 202 closed sales tracked by Resideline. The middle half of those sales ranged from $530,000 to $749,000.

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

Resideline is currently tracking 2 pending sales against 42 active listings in 98031, a pending-to-active ratio of 0.05. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 98031 currently looks like a balanced market.

Nearby ZIP code market data

Full Kent, WA housing market report →

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