Spanaway, WA Home Values & Market Trends
Real estate market trends reflect that there have been 785 transactions over the past year in Spanaway. The median value for residential home transactions that occurred over the previous year is $509,513. The number of current listings in Spanaway is 1,540, and the percentage of properties for sale in the city is 1540.00%. Spanaway, WA currently has 41 properties in foreclosure, 8 bank owned properties, 30 properties headed for auction, and 1,540 properties for sale.
Spanaway, WA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 98387 | $ 509,513 $ 285/sqft |
Housing Market Summary for Spanaway, WA
| 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 Spanaway, WA
Browse Homes in Spanaway, WA
Spanaway home values range from $224,950 to $1,667,339. The median estimated value of a home in Spanaway is $509,513. The median list price of a home is 500,000, and the total count of properties in the city is 1,790.
- Pre-ForeclosurePre-foreclosure homes account for 0.17% of all residential properties in Spanaway, WA with 98387 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Spanaway, WA; of that zips, the estimated home value for pre-foreclosure homes ranges from $548,226 in 98387 to the lowest home value of $441,993 in 98387.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Spanaway, WA ranges from the highest value of $562,356 in 98387 to the lowest value of $498,032 in 98387. Bank owned homes and properties account for 0.45% of properties in Spanaway, WA. There is 1 zips within Spanaway, WA; 98387 containing 8 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions98387 has 30 auction properties, the highest number of properties going to auction in a single zip in the state of Spanaway, WA. Auction homes and other auction properties account for 1.68% of all properties in Spanaway, WA. There is 1 zips within Spanaway, WA; of that zips, the median estimated home value for homes going to auction ranges from $791,526 in 98387 to the lowest value of $399,900 in 98387.
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Guide for Spanaway, WA
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.
