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PRESTON, WA 98050

Real Estate Market Report  ·  King County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PRESTON, WA real estate market (98050) currently shows 1 active listings. Homes are averaging 60 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 60 days on market compared to 9 days last year.

The median listing price has fallen 28.7% year-over-year, from $3,220,000 to $2,295,000.

Whether you are buying or selling in PRESTON, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 73  ·  Density: 15.1/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 100.0%

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
0
0% pending ratio
Median Price
$2,295,000
⇩ 28.7% vs $3,220,000 last year
Average Price
$2,295,000
⇩ 28.7% vs $3,220,000 last year
Days on Market
60
⇧ 566.7% vs 9 days last year

Price Per Square Foot

Median $/sqft
$658
⇩ 6.4% vs $703/sqft last year
Median Home Size
3,490 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year
  • Days on market: 60 now vs 9 last year

Median & Average Pricing

Year over Year
  • Median: $2,295,000 (-28.7% YoY)
  • Average: $2,295,000 (-28.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.5 miles — 694 listings ($808,112,608 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98050Preston, WA 980500.0 mi1$2,345,000$2,345,000$2,345,000
98029Issaquah, WA 980293.4 mi86$89,915,322$691,739$1,045,527
98075Sammamish, WA 980755.4 mi44$71,210,480$1,687,500$1,618,420
98065Snoqualmie, WA 980657.5 mi25$39,895,250$1,125,000$1,595,810
98053Redmond, WA 980539.0 mi47$93,909,431$1,599,250$1,998,073
98059Renton, WA 980599.5 mi107$123,312,043$934,963$1,152,449
98007Bellevue, WA 9800710.7 mi57$56,997,948$535,000$999,964
98058Renton, WA 9805811.5 mi84$59,922,996$765,988$713,369
98056Renton, WA 9805612.0 mi94$118,999,958$1,067,970$1,265,957
98019Duvall, WA 9801913.3 mi57$51,793,962$842,495$908,666
98045North Bend, WA 9804513.8 mi46$59,899,360$1,147,500$1,302,160
98055Renton, WA 9805514.2 mi32$20,268,704$605,000$633,397
98051Ravensdale, WA 9805114.5 mi14$19,642,154$1,143,250$1,403,011

Frequently Asked Questions

How many homes are for sale in PRESTON, WA 98050?

As of March 2026, there are 1 active listings in PRESTON, WA (zip code 98050), compared to 2 the prior year.

What is the median home price in PRESTON, WA 98050?

The median listing price in PRESTON, WA 98050 is $2,295,000 as of March 2026, a 28.7% decrease from $3,220,000 the prior year.

How long do homes stay on the market in PRESTON, WA?

Homes in PRESTON, WA 98050 spend an average of 60 days on the market before going under contract, compared to 9 days the prior year.

Is it a seller's or buyer's market in PRESTON, WA 98050?

Based on current inventory and days-on-market data as of March 2026, PRESTON, WA 98050 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 60 days on market compared to 9 days last year.

How much can I save on real estate commission in PRESTON, WA?

With SELL123.com's maximum 3% commission, sellers in PRESTON, WA 98050 save an estimated $45,900 compared to a typical 5% commission on the median listing price of $2,295,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.