The 98516 housing market is very competitive. Homes in 98516 receive 3 offers on average and sell in around 20 days. The median sale price of a home in 98516 was $548K last month, up 1.5% since last year. The median sale price per square foot in 98516 is $283, down 0.7% since last year.
In March 2024, 98516 home prices were up 1.5% compared to last year, selling for a median price of $548K. On average, homes in 98516 sell after 20 days on the market compared to 33 days last year. There were 125 homes sold in March this year, up from 89 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$547,995
+1.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
98516, WA
$547,995
+1.5%
United States
To compare other locations to the 98516 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Washington add value to a home.
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How hot is the 98516 housing market?
98516 is very competitive. Homes sell in 12 days.
0
100
82
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 12 days.
Hot homes
can sell for about 1% above list price and go pending in around 3 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
South Bay Elementary School
Public • PreK-5
815
Students
15 reviews
7/10
Meadows Elementary School
Public • PreK-5
718
Students
17 reviews
5/10
Olympic View Elementary School
Public • K-5
579
Students
14 reviews
5/10
Pleasant Glade Elementary School
Public • PreK-5
398
Students
6 reviews
2/10
Lydia Hawk Elementary School
Public • K-5
504
Students
12 reviews
Only showing 5 of
7 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 98516 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 98516.
Risk Factor
Flood Factor - Moderate
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
98516 has a moderate risk of flooding. 608 properties in 98516 are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in 98516. Flood risk is increasing slower than the national average.
89% of properties are at risk of wildfire over the next 30 years
Fire Factor
98516 has a moderate risk of wildfire. There are 9,796 properties in 98516 that have some risk of being affected by wildfire over the next 30 years. This represents 89% of all properties in 98516.