Home Values

98177 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

$545,300

  • 9.3% 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

Very Hot

Buyers' Market
Sellers' Market

The median home value in 98177 is $545,300. 98177 home values have gone up 9.3% over the past year and Zillow predicts they will rise 6.3% within the next year. The median list price per square foot in 98177 is None.

Foreclosures will be a factor impacting home values in the next several years. In 98177 1.3 homes are foreclosed (per 10,000). This is lower than the Seattle 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 98177 homeowners underwater on their mortgage is 5.6%, which is lower than Seattle at 9.2%.

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Relative ZHVI
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98177 Market Overview

Data through Mar 31, 2015
  • $545,300 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
  • $473,800 Median sale price
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98177 Market Health

Data through Mar 31, 2015
  • 9.8/10 Very 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
  • 5.6% 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)

1.3 homes(Dec 31, 2014) 98177
2.7 homes Seattle
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
98199 $620,500
98103 $509,200
98117 $503,200
Name Median ZHVI
98107 $470,100
98020 $458,900
98125 $398,900
Name Median ZHVI
98155 $359,100
98133 $347,600
98043 $260,600

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $241 Median sale price / sq ft (Feb 28, 2015)
  • No data Listings with price cut
5.8%
Sold below listing
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98177 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $2,273 98177
    $2,232 Seattle
    $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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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