Market Intelligence · WA / Maple Valley

Maple Valley, WA 98038 Housing Market

The typical home value in Maple Valley, WA 98038 is $764,356 as of September 2026, down 2.4% over the past year. The median list price sits at $824,988, and homes spend a median of 52 days on market.

Updated September 2026Median value$764K

The median home value in Maple Valley, WA 98038 is $764K as of September 2026, down 2.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 98038 range

$703K to $826K

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

-2.4% over 12 months

Sep 2025$783K

Low $764KHigh $789K

Sep 2026$764K

The numbers

What is the 98038 housing market like?

As of September 2026

Typical home value

$764K

2.4%YoY

Median list price

$825K

2.9%MoM

Days on market

18.2%MoM

Homes for sale

120

3.2%MoM

Price cuts

31.0%

6.0%MoM

New listings

0.0%MoM

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

The outlook

98038 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98038 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 98038 fell 2.4%, per the Zillow Home Value Index.

Will home prices drop in 98038?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98038 to stay roughly flat by September 2027 (down 0.1%), after a 2.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 98038 home prices compare?

98038$764,356
Maple Valley$764,356
Washington$496,668
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Maple Valley: 1 ZIP; Washington: 485 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Maple Valley has 120 homes for sale, with 40 new listings hitting the market. The median list price of $824,988 sits well above the typical home value of $764,356, which has fallen 2.4% over the past year. About 31.0% of listings have taken a price cut, and homes are taking a median of 52 days to sell. Buyers have room to negotiate in many cases. For sellers, pricing realistically from the start matters more than it did a year ago.

Monthly payment

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Down payment20% · $152,871

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Common questions

What people ask us.

How much is a home in 98038 worth?

The typical home value in Maple Valley, WA 98038 is $764,356 as of September 2026, down 2.4% over the past year. The median list price is $824,988.

How long does it take to sell a home in 98038?

Homes in 98038 spend a median of 52 days on market as of September 2026. About 31.0% of current listings have had a price cut.

Is the 98038 market competitive right now?

There are 120 homes for sale as of September 2026, with 40 new listings added. With values down 2.4% over the past year and a median of 52 days on market, conditions favor patient sellers with realistic pricing.

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