98387 Home Values & Market Trends
There are 1,544 homes currently listed for 98387. 98387 real estate market trends show that home prices range from $40,000 to $3,500,000, and the median sales price in the 98387 zip code is $509,289. The total number of properties sold within the past twelve months is 799. In 98387, 48 properties are in foreclosure, 10 are bank owned properties,and 35 are headed for auction.
98387 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Spanaway | $ 509,289 $ 286/sqft |
Housing Market Summary for 98387
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $509K | $502.4K | -1.29% |
| Median Sold Price | $513.6K | $495K | -3.62% |
| Homes For Sale | 1,198 | 1,524 | 27.21% |
| Homes Sold | 231 | 173 | -25.11% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 98387
Browse Homes in 98387
The median list price of a home in Spanaway, is $509,289. A total of 1,544 properties are for sale, and the percentage of properties for sale in the zip code is 1544.00%. The total count of 98387 properties is 1,801.
- Pre-ForeclosurePre-foreclosure homes account for 0.17% of all residential properties in 98387 with spanaway containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 98387; of that cities, the estimated home value for pre-foreclosure homes ranges from $548,226 in spanaway to the lowest home value of $441,993 in spanaway.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 98387 ranges from the highest value of $791,526 in spanaway to the lowest value of $498,032 in spanaway. Bank owned homes and properties account for 0.56% of properties in 98387. There is 1 cities within 98387; spanaway containing 10 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsspanaway has 35 auction properties, the highest number of properties going to auction in a single city in the state of 98387. Auction homes and other auction properties account for 1.94% of all properties in 98387. There is 1 cities within 98387; of that cities, the median estimated home value for homes going to auction ranges from $611,753 in spanaway to the lowest value of $399,900 in spanaway.
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More Real Estate Resources for 98387
Guide for 98387
Washington Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
