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All market snapshots / 98031

Kent, WA 98031 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Kent, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.15
ActiveActive listings: 3939PendingPending sales: 66
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): $615k$615kSoldMedian sold price (last 6 months): $640k$640k
What homes actually sell for in Kent, WA
Distribution of 185 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $503k to $738k
$155k to $255k: 7 sales$155k$255k to $355k: 15 sales$355k to $455k: 8 sales$355k$455k to $555k: 20 sales$555k to $655k: 42 sales$555k$655k to $755k: 44 sales44sales$755k to $855k: 18 sales$755k$855k to $955k: 12 salesMedian $640k

What the numbers say

As of September 14, 2026, Resideline is tracking 39 active listings and 6 pending sales in ZIP code 98031. That pending-to-active ratio of 0.15 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $615,000, while the median of the 185 closed sales Resideline tracked over the last six months was $640,000. 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 59 days.

Frequently asked questions

What is the median home price in 98031?

The median closed sale price in Kent, WA 98031 was $640,000 over the last six months, based on 185 closed sales tracked by Resideline. The middle half of those sales ranged from $503,350 to $737,500.

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

Resideline is currently tracking 6 pending sales against 39 active listings in 98031, a pending-to-active ratio of 0.15. 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

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