Market Intelligence · WA / Kent

Kent, WA 98031 Housing Market

The typical home in Kent, WA 98031 is worth $667,151, down 1.9% over the past year. Sellers are asking a median list price of $695,000, and homes are spending a median of 42 days on the market.

Updated August 2026Median value$656K

The median home value in Kent, WA 98031 is $656K as of August 2026, down 1.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 98031 range

$603K to $708K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.6% over 12 months

Typical home value in 98031 over the last 12 months: $667K in Aug 2025 to $656K in Aug 2026 (-1.6%).

Aug 2025$667K

Aug 2026$656K

The numbers

What is the 98031 housing market like?

Typical home value

$656K

Down1.6%YoY

Median list price

$695K

Down0.3%MoM

Days on market

42

Down2.3%MoM

Homes for sale

92

Up10.8%MoM

Price cuts

25.2%

Up1.0%MoM

New listings

32

Down40.7%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 98031 home prices compare?

  • 98031$655,823
  • Kent$638,427
  • Washington$500,124
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Kent: 4 ZIPs; Washington: 485 ZIPs; United States: 26,265 ZIPs).

Context

There are 92 homes for sale in 98031, with 32 new listings added recently. The median list price sits at $695,000, above the typical home value of $667,151, which is down 1.9% over the past year. Homes are taking a median of 42 days to sell, and 25.2% of listings have had a price cut. For a seller, the read is straightforward: buyers have room to negotiate, and pricing accurately from day one matters more than it did a year ago.

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