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Spanaway, WA 98387 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Spanaway, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.20
ActiveActive listings: 7171PendingPending sales: 1414
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): $448k$448kSoldMedian sold price (last 6 months): $499k$499k
What homes actually sell for in Spanaway, WA
Distribution of 364 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $435k to $565k
$218k to $286k: 8 sales$218k$286k to $354k: 22 sales$354k to $422k: 30 sales$354k$422k to $490k: 93 sales$490k to $559k: 97 sales97sales$490k$559k to $627k: 38 sales$627k to $695k: 25 sales$627k$695k to $763k: 14 salesMedian $499k

What the numbers say

As of September 14, 2026, Resideline is tracking 71 active listings and 14 pending sales in ZIP code 98387. That pending-to-active ratio of 0.20 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $447,900, while the median of the 364 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 59 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 364 closed sales tracked by Resideline. The middle half of those sales ranged from $435,000 to $565,000.

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

Resideline is currently tracking 14 pending sales against 71 active listings in 98387, a pending-to-active ratio of 0.20. 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

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