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Sarah Mitchell
Compass Real Estate · ZIP 98020
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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98020 ZIP Code Housing Market
$1.20Mmedian sale price
What is the 98020 housing market like right now?
The median home sale price in ZIP code 98020 is $1.20M, up 21.2% year-over-year. Homes sell in an average of 10 days with 50 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 98020 ZIP code a buyer's or seller's market?
ZIP code 98020 is currently a seller's market and homes selling in about 10 days. How we determine this →
What are the latest 98020 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.20M |
| Median list price | $1.29M |
| Year-over-year price change | +21.2% |
| Average days on market | 10 days |
| Active inventory | 50 listings |
| Sale-to-list price ratio | 101.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 98020 zip code, located in Woodway, WA, is currently classified as a seller's market. The median sale price stands at $1.20M, representing a +21.2% change year over year. Homes in this area spend an average of 10 days on the market before going under contract. There are currently 50 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 98020 sits in the Woodway, WA area, roughly 1.1 miles from downtown Woodway. Because home prices are set street by street, this ZIP can move differently from Woodway's citywide averages. The figures below reflect 98020 specifically — drawn from Redfin transactions, U.S. Census data for its 19,551 residents, and Zillow value estimates.
Homes sold
91
Last 12 weeks
Days on market
10
Fast-moving
Active listings
50
Sale-to-list
101.2%
Above asking
What is driving the 98020 housing market?
The 98020 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 101.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98020 have increased +21.2% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 98020 stands at $1.16M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,294 per month. This gives a price-to-rent ratio of approximately 42.3, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 98020?
Population
19,551
Median income
$130,319/yr
Median age
51.2 years
Owner-occupied
74.9%
College grads
61.7%
Avg commute
19.3 min
What is it like living in 98020?
Zip code 98020 is home to approximately 19,551 residents. The median household income is $130,319 per year, which shapes the types of homes and amenities available in the area. With a median age of 51.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 74.9% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 61.7% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 19.3 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 98020.
Which public schools serve ZIP 98020?
7 schools tracked · 2,809 students
The largest public schools serving ZIP code 98020 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.
Edmonds Heights K-12
Grades K-12 · 554 students
Westgate Elementary
Grades K-6 · 491 students
Sherwood Elementary
Grades K-6 · 489 students
Lynndale Elementary
Grades PK-6 · 439 students
Chase Lake Elementary
Grades PK-6 · 387 students
Edmonds Elementary
Grades K-6 · 264 students
Scriber Lake High School
Grades 9-12 · 185 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 98020
What is the median home price in 98020?
The current median sale price in 98020 is $1.20M, based on recent Redfin transaction data. Prices have changed +21.2% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 98020 a buyer's or seller's market?
The 98020 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 98020?
Zip code 98020 has a population of approximately 19,551 residents. The median household income is $130,319 per year. About 74.9% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 98020?
Properties Incorporated provides comprehensive data for 98020 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 98020 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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