Home ValuePros

Market Intelligence · WA / Spanaway

Spanaway, WA 98387 Housing Market

The typical home value in Spanaway, 98387, is $511,530, up 0.5% over the past year. The median list price stands at $525,000, with homes taking a median of 59 days to sell.

Updated August 2026Median value$505K

The median home value in Spanaway, WA 98387 is $505K as of August 2026, up 0.5% 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 98387 range

$465K to $546K

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

+0.5% over 12 months

Typical home value in 98387 over the last 12 months: $503K in Aug 2025 to $505K in Aug 2026 (+0.5%).

Aug 2025$503K

Aug 2026$505K

The numbers

What is the 98387 housing market like?

Typical home value

$505K

Up0.5%YoY

Median list price

$525K

Down3.8%MoM

Days on market

59

Up1.7%MoM

Homes for sale

187

Up16.1%MoM

Price cuts

32.1%

Up58.7%MoM

New listings

68

Up30.8%MoM

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

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The comparison

How do 98387 home prices compare?

  • 98387$505,396
  • Spanaway$505,396
  • 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 (Spanaway: 1 ZIPs; Washington: 485 ZIPs; United States: 26,265 ZIPs).

Context

Spanaway's market shows mixed signals. There are 187 homes for sale, with 68 new listings entering the market recently. However, 32.1% of listings have seen a price cut, suggesting sellers are adjusting to buyer demand. At 59 days median time on market, homes are taking longer to move than in a strong seller's market. For homeowners considering a sale, the slow absorption and prevalence of price reductions indicate you should price carefully and be prepared for negotiations.

Monthly payment

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20% · $101,079

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