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SPANAWAY, WA 98387

Real Estate Market Report  ·  Pierce County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
139
⇧ 2.2% vs 136 last year
Pending
53
38% pending ratio
Median Price
$544,950
⇩ 1.4% vs $552,500 last year
Average Price
$582,642
⇩ 2.6% vs $598,434 last year
Days on Market
77
⇧ 28.3% vs 60 days last year

Market Context

Population: 51,384  ·  Density: 745.6/mi²  ·  Median household income: $94,340

Typical home value: $373,368  ·  Homeownership: 76.6%

Market Analysis

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

The SPANAWAY, WA real estate market (98387) currently shows 139 active listings, with 53 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 77 days on market compared to 60 days last year.

The median listing price has fallen 1.4% year-over-year, from $552,500 to $544,950.

Whether you are buying or selling in SPANAWAY, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 139 this year vs 136 last year
  • Days on market: 77 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $544,950 (-1.4% YoY)
  • Average: $582,642 (-2.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.2 miles — 893 listings ($547,035,100 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98387Spanaway, WA 983870.0 mi139$80,987,238$544,950$582,642
98446Tacoma, WA 984465.1 mi55$36,681,370$659,900$666,934
98445Tacoma, WA 984455.8 mi108$64,875,384$549,950$600,698
98373Puyallup, WA 983737.0 mi59$33,838,565$549,950$573,535
98374Puyallup, WA 983747.9 mi188$122,542,348$629,999$651,821
98408Tacoma, WA 9840810.1 mi56$27,186,600$472,475$485,475
98371Puyallup, WA 9837110.4 mi80$56,422,240$689,450$705,278
98498Lakewood, WA 9849810.7 mi80$55,704,560$559,900$696,307
98409Tacoma, WA 9840911.5 mi47$25,522,222$415,000$543,026
98418Tacoma, WA 9841811.8 mi27$11,129,535$409,995$412,205
98424Fife, WA 9842412.4 mi14$9,050,706$577,500$646,479
98327Dupont, WA 9832713.1 mi23$11,495,538$465,000$499,806
98390Sumner, WA 9839013.2 mi17$11,598,794$550,000$682,282

Frequently Asked Questions

How many homes are for sale in SPANAWAY, WA 98387?

As of January 2026, there are 139 active listings in SPANAWAY, WA (zip code 98387), compared to 136 the prior year.

What is the median home price in SPANAWAY, WA 98387?

The median listing price in SPANAWAY, WA 98387 is $544,950 as of January 2026, a 1.4% decrease from $552,500 the prior year.

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

Homes in SPANAWAY, WA 98387 spend an average of 77 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in SPANAWAY, WA 98387?

Based on current inventory and days-on-market data as of January 2026, SPANAWAY, WA 98387 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 77 days on market compared to 60 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPANAWAY, WA 98387 save an estimated $10,899 compared to a typical 5% commission on the median listing price of $544,950. 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.