Home ValuePros
Talk to a Pro

Market Intelligence · WA / Spanaway

Spanaway, WA 98387 Housing Market

The typical home value in Spanaway, WA 98387 is $500,996, up 0.4% over the past year as of September 2026. The median list price is $519,725, and homes spend a median of 58 days on market.

Updated September 2026Median value$501K

The median home value in Spanaway, WA 98387 is $501K as of September 2026, up 0.4% 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.

Get a cash offer

Sell without the wait

Sell your Spanaway home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 98387 range

$461K to $541K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 98387 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Spanaway, WA.

12-month value trend

+0.4% over 12 months

Typical home value in 98387 over the last 12 months: $499K in Sep 2025 to $501K in Sep 2026 (+0.4%).

Sep 2025$499K

Sep 2026$501K

The numbers

What is the 98387 housing market like?

Typical home value

$501K

Up0.4%YoY

Median list price

$520K

Down1.0%MoM

Days on market

58

Down1.7%MoM

Homes for sale

184

Down1.6%MoM

Price cuts

31.8%

Down0.9%MoM

New listings

50

Down26.5%MoM

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

The outlook

98387 housing market forecast 2027

+0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98387 to stay roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in 98387 rose 0.4%, per the Zillow Home Value Index.

Will home prices drop in 98387?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98387 to stay roughly flat by September 2027 (up 0.2%), after a 0.4% rise 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.

Free home value report

See what your 98387 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 98387 home prices compare?

  • 98387$500,996
  • Spanaway$500,996
  • 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 (Spanaway: 1 ZIP; Washington: 485 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Spanaway had 184 homes for sale and 50 new listings, giving buyers a reasonable amount of choice. The typical home value is $500,996, up 0.4% over the past year, which points to a flat market rather than a rising one. Homes are taking a median of 58 days to sell, and 31.8% of listings have had a price cut. That share of cuts suggests many sellers are starting too high and adjusting later. For a seller, pricing right from the start matters more than testing the market.

Monthly payment

Estimate your monthly payment.

20% · $100,199

Common questions

What people ask us.

How much is a home in 98387 worth?

The typical home value in Spanaway, WA 98387 is $500,996, up 0.4% over the past year as of September 2026.

How long does it take to sell a home in 98387?

Homes in 98387 spend a median of 58 days on market as of September 2026.

Are sellers cutting prices in 98387?

Yes. As of September 2026, 31.8% of listings in Spanaway had a price cut.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.