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All market snapshots / 98387

Spanaway, WA 98387 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Spanaway, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 7575PendingPending sales: 99
Spanaway, 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): $515k$515kSoldMedian sold price (last 6 months): $499k$499k
What homes actually sell for in Spanaway, WA
Distribution of 373 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $429k to $565k
$160k to $237k: 12 sales$160k$237k to $314k: 14 sales$314k to $391k: 21 sales$314k$391k to $468k: 77 sales$468k to $545k: 117 sales117sales$468k$545k to $622k: 47 sales$622k to $699k: 31 sales$622k$699k to $776k: 18 salesMedian $499k

What the numbers say

As of October 5, 2026, Resideline is tracking 75 active listings and 9 pending sales in ZIP code 98387. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $515,000, while the median of the 373 closed sales Resideline tracked over the last six months was $499,000. 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 98387 for 66 days.

Frequently asked questions

What is the median home price in 98387?

The median closed sale price in Spanaway, WA 98387 was $499,000 over the last six months, based on 373 closed sales tracked by Resideline. The middle half of those sales ranged from $429,187 to $565,000.

Is 98387 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 75 active listings in 98387, a pending-to-active ratio of 0.12. 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, 98387 currently looks like a balanced market.

Nearby ZIP code market data

Full Spanaway, WA housing market report →

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