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Featured local agent — Spanaway, WA
Sarah Mitchell
Compass Real Estate · Spanaway, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spanaway, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$495,125median sale price
How is the Spanaway, WA housing market right now?
The median home sale price in Spanaway, WA is $495,125, up 3.0% year-over-year. Homes sell in an average of 8 days with 86 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spanaway a buyer's or seller's market?
Spanaway, WA is currently a seller's market, based on 3.6 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
8
Fast-moving
Active listings
86
3.6 months supply
Sale-to-list
100.9%
Above asking
What does the Spanaway housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $495,125 |
| Median list price | $525,000 |
| Year-over-year price change | +3.0% |
| Average days on market | 8 days |
| Active inventory | 86 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 100.9% |
| Median price per sq ft | $283/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 65 |
| Listings with a price cut | 20.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Spanaway by property type?
How the Spanaway, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $486,500 | $295/sq ft | 22 | 11 days |
| Condo / Co-op | $195,000 | $133/sq ft | 1 | 45 days |
| Townhouse | $405,500 | $337/sq ft | 2 | 84 days |
Source: Redfin · Updated monthly
The Spanaway housing market is currently classified as a seller's market with a median sale price of $495,125. Prices have risen 3.0% compared to last year, with homes spending an average of 8 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Spanaway
There are currently 86 homes listed for sale in Spanaway, Washington. The median listing price is $525K.
Active listings
86
Homes on market
Median list price
$525K
Avg. days on market
8
Days until sale
New this week
65
Newly listed
Who lives in Spanaway?
Population
34,322
Median income
$94,028/yr
Median age
32.5 years
Owner-occupied
72.8%
College grads
15.6%
Avg commute
37.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Spanaway?
Zillow home value
$512,759
Zillow rent index
$2,841/mo
Price-to-rent ratio
15.0x
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Spanaway?
Spanaway is a community of approximately 34K residents with a median age of 32.5 years.The median household income is $94,028, which reflects a relatively affluent area with strong earning potential. 15.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Spanaway offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spanaway?
15 schools tracked · 10,207 students
The largest public schools serving Spanaway, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Spanaway Lake High School
Grades 9-12 · 1,804 students
Bethel High School
Grades 9-12 · 1,651 students
Liberty Middle School
Grades 6-8 · 898 students
Cedarcrest Middle School
Grades 6-8 · 706 students
Bethel Middle School
Grades 6-8 · 668 students
Shining Mountain Elementary
Grades K-5 · 626 students
Elk Plain School of Choice
Grades K-8 · 575 students
Evergreen Elementary
Grades K-5 · 533 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Spanaway, WA?
Want a head-to-head view? Compare Spanaway side-by-side with any other U.S. city using our market-comparison tool.
Is Spanaway a good real estate investment market?
For investors evaluating Spanaway, the price-to-rent ratio of 15.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 3.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Spanaway's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Spanaway's median home price.
Frequently asked questions
What is the average home price in Spanaway?
The median home sale price in Spanaway is $495,125, up 3.0% from last year.
How long do homes stay on market in Spanaway?
Homes typically spend 8 days on market before going under contract.
What is the median income in Spanaway?
The median household income is $94,028 per year.
Is Spanaway a buyer's or seller's market?
With 3.6 months of supply, Spanaway is currently a seller's market.
What is the Zillow home value estimate for Spanaway?
The Zillow Home Value Index (ZHVI) for Spanaway is $512,759, representing the typical home value in the area.
What is the median condo price in Spanaway?
The median condo/co-op sale price in Spanaway, WA is $195,000, compared to $486,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Spanaway?
The median single-family home price in Spanaway, WA is $486,500 (about $295 per square foot).
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