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SOUTH PRAIRIE, WA 98385

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The SOUTH PRAIRIE, WA real estate market (98385) currently shows 1 active listings, with 1 pending sales.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

The median listing price has fallen 12.7% year-over-year, from $589,713 to $515,000.

Whether you are buying or selling in SOUTH PRAIRIE, 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: 464  ·  Density: 242.7/mi²  ·  Median household income: $118,241

Typical home value: $408,768  ·  Homeownership: 95.4%

Market Overview

Active Listings
1
⇩ 66.7% vs 3 last year
Pending
1
100% pending ratio
Median Price
$515,000
⇩ 12.7% vs $589,713 last year
Average Price
$515,000
⇩ 11.6% vs $582,888 last year
Days on Market
⇩ 100% vs 9 days last year

Price Per Square Foot

Median $/sqft
$413
⇧ 10.1% vs $375/sqft last year
Median Home Size
1,248 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 3 last year

Median & Average Pricing

Year over Year
  • Median: $515,000 (-12.7% YoY)
  • Average: $515,000 (-11.6% 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 15.5 miles — 768 listings ($523,945,619 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98385South Prairie, WA 983850.0 mi1$450,000$450,000$450,000
98396Wilkeson, WA 983964.5 mi2$1,867,500$933,750$933,750
98360Orting, WA 983607.9 mi59$34,884,399$541,713$591,261
98390Sumner, WA 983908.1 mi15$10,698,285$549,999$713,219
98092Auburn, WA 9809210.5 mi110$99,125,180$780,000$901,138
98375Puyallup, WA 9837511.0 mi111$64,983,618$587,463$585,438
98371Puyallup, WA 9837111.5 mi80$56,146,800$687,500$701,835
98338Graham, WA 9833812.1 mi93$69,032,877$657,500$742,289
98354Milton, WA 9835413.0 mi20$13,989,320$642,500$699,466
98446Tacoma, WA 9844613.2 mi62$42,145,802$665,900$679,771
98443Tacoma, WA 9844314.0 mi13$11,970,608$850,000$920,816
98445Tacoma, WA 9844514.8 mi112$67,460,400$583,000$602,325
98003Federal Way, WA 9800315.5 mi90$51,190,830$538,750$568,787

Frequently Asked Questions

How many homes are for sale in SOUTH PRAIRIE, WA 98385?

As of June 2026, there are 1 active listings in SOUTH PRAIRIE, WA (zip code 98385), compared to 3 the prior year.

What is the median home price in SOUTH PRAIRIE, WA 98385?

The median listing price in SOUTH PRAIRIE, WA 98385 is $515,000 as of June 2026, a 12.7% decrease from $589,713 the prior year.

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

Homes in SOUTH PRAIRIE, WA 98385 spend an average of 0 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 SOUTH PRAIRIE, WA 98385?

Based on current inventory and days-on-market data as of June 2026, SOUTH PRAIRIE, WA 98385 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

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

With SELL123.com's maximum 3% commission, sellers in SOUTH PRAIRIE, WA 98385 save an estimated $10,300 compared to a typical 5% commission on the median listing price of $515,000. 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.