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Sarah Mitchell
Compass Real Estate · ZIP 98036
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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98036 ZIP Code Housing Market
$830,000median sale price
What is the 98036 housing market like right now?
The median home sale price in ZIP code 98036 is $830,000, down 2.9% year-over-year. Homes sell in an average of 8 days with 75 active listings. The market is currently a balanced 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 98036 ZIP code a buyer's or seller's market?
ZIP code 98036 is currently a balanced market and homes selling in about 8 days. How we determine this →
What are the latest 98036 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $830,000 |
| Median list price | $799,950 |
| Year-over-year price change | -2.9% |
| Average days on market | 8 days |
| Active inventory | 75 listings |
| Sale-to-list price ratio | 99.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 98036 zip code, located in Alderwood Manor, WA, is currently classified as a balanced market. The median sale price stands at $830,000, representing a -2.9% change year over year. Homes in this area spend an average of 8 days on the market before going under contract. There are currently 75 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 98036 sits in the Alderwood Manor, WA area, roughly 0.7 miles from downtown Alderwood Manor. Because home prices are set street by street, this ZIP can move differently from Alderwood Manor's citywide averages. The figures below reflect 98036 specifically — drawn from Redfin transactions, U.S. Census data for its 42,370 residents, and Zillow value estimates.
Homes sold
95
Last 12 weeks
Days on market
8
Fast-moving
Active listings
75
Sale-to-list
99.9%
Below asking
What is driving the 98036 housing market?
The 98036 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98036 have declined -2.9% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. 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 98036 stands at $832,142, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,998 per month. This gives a price-to-rent ratio of approximately 34.7, 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 98036?
Population
42,370
Median income
$88,958/yr
Median age
39.6 years
Owner-occupied
59.7%
College grads
40.4%
Avg commute
29.83 min
What is it like living in 98036?
Zip code 98036 is home to approximately 42,370 residents. The median household income is $88,958 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 59.7% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 40.4% 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 29.83 minutes, which is close to the national average. 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 98036.
Which public schools serve ZIP 98036?
12 schools tracked · 4,329 students
The largest public schools serving ZIP code 98036 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.
Brier Terrace Middle School
Grades 7-8 · 664 students
Hilltop Elementary
Grades K-6 · 581 students
College Place Middle School
Grades 7-8 · 466 students
Cedar Valley Community School
Grades K-6 · 450 students
College Place Elementary
Grades K-6 · 436 students
Early Childhood Center
Grades PK-K · 424 students
Brier Elementary
Grades K-6 · 402 students
Hazelwood Elementary
Grades K-6 · 400 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 98036
What is the median home price in 98036?
The current median sale price in 98036 is $830,000, based on recent Redfin transaction data. Prices have changed -2.9% 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 98036 a buyer's or seller's market?
The 98036 zip code is currently classified as a balanced 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 98036?
Zip code 98036 has a population of approximately 42,370 residents. The median household income is $88,958 per year. About 59.7% 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 98036?
Properties Incorporated provides comprehensive data for 98036 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 98036 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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