98501 Housing Market

$557,110

0.2% 1-yr

The average 98501 home value is $557,110, up 0.2% over the past year and goes to pending in around 6 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

98501 Key Takeaways

Typical Home Values: $557,110

1-year Value Change: +0.2%

(Data through June 30, 2025)

98501 Housing Market Overview

1.6%1-year Market Forecast(June 30, 2025)

122For sale inventory(June 30, 2025)

65New listings(June 30, 2025)

1.000Median sale to list ratio(May 31, 2025)

$545,500Median sale price(May 31, 2025)

$564,142Median list price(June 30, 2025)

38.7%Percent of sales over list price(May 31, 2025)

28.3%Percent of sales under list price(May 31, 2025)

6Median days to pending(June 30, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Zip Codes

NameMedian ZHVI
98503$489,629
98513$511,384
98505--
98512$560,681
98506$543,842
98589$517,763
98516$589,309
98502$585,650
98530$310,917

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98501 Rental Market Trends

$1,977Average rent in 98501(June 30, 2025)

$2,069National average rent(June 30, 2025)

2.4%Month-over-month change(June 30, 2025)

3.4%Year-over-year change(June 30, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.