Home Values

98038 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$347,900

  • 8.7% 1-year change
  • 6.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in 98038 is $347,900. 98038 home values have gone up 8.7% over the past year and Zillow predicts they will rise 6.3% within the next year. The median list price per square foot in 98038 is None. The median rent price in 98038 is $1,850, which is the same as the Maple Valley median of $1,850.

Foreclosures will be a factor impacting home values in the next several years. In 98038 2.7 homes are foreclosed (per 10,000). This is the same as the Maple Valley value of 2.7 and also lower than the national value of 3.0

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 98038 homeowners underwater on their mortgage is 16.8%, which is higher than Maple Valley at 15.1%.

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Relative ZHVI
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98038 Market Overview

Data through Mar 31, 2015
  • $347,900 ZHVI
  • 6.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $326,185 Median sale price
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98038 Market Health

Data through Mar 31, 2015
  • 6.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 16.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

2.7 homes 98038
2.7 homes Maple Valley
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
98075 $714,400
98027 $512,300
98029 $480,700
Name Median ZHVI
98024 $458,300
98059 $382,800
98051 $362,100
Name Median ZHVI
98010 $318,500
98058 $308,600
98042 $287,600

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $169 Median sale price / sq ft
  • No data Listings with price cut
19.9%
Sold below listing
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98038 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,947 98038
    $1,932 Maple Valley
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,850 Rent list price
  • $1.01 Rent list price / sq ft
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