98501 Housing Market

$551,806

0.1% 1-yr

The average 98501 home value is $551,806, up 0.1% over the past year and goes to pending in around 9 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: $551,806

1-year Value Change: +0.1%

(Data through July 31, 2025)

98501 Housing Market Overview

0.4%1-year Market Forecast(July 31, 2025)

142For sale inventory(July 31, 2025)

67New listings(July 31, 2025)

1.000Median sale to list ratio(June 30, 2025)

$547,667Median sale price(June 30, 2025)

$574,667Median list price(July 31, 2025)

41.8%Percent of sales over list price(June 30, 2025)

31.8%Percent of sales under list price(June 30, 2025)

9Median days to pending(July 31, 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$487,572
98513$509,140
98505--
98512$555,907
98506$543,869
98589$518,567
98516$584,927
98502$581,416
98530$313,080

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98501 Rental Market Trends

$2,039Average rent in 98501(July 31, 2025)

$2,072National average rent(July 31, 2025)

0.7%Month-over-month change(July 31, 2025)

4.3%Year-over-year change(July 31, 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.