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Sarah Mitchell
Compass Real Estate · ZIP 98037
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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98037 ZIP Code Housing Market
$769,990median sale price
What is the 98037 housing market like right now?
The median home sale price in ZIP code 98037 is $769,990, down 6.7% year-over-year. Homes sell in an average of 12 days with 57 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 98037 ZIP code a buyer's or seller's market?
ZIP code 98037 is currently a balanced market and homes selling in about 12 days. How we determine this →
What are the latest 98037 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $769,990 |
| Median list price | $779,995 |
| Year-over-year price change | -6.7% |
| Average days on market | 12 days |
| Active inventory | 57 listings |
| Sale-to-list price ratio | 99.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 98037 zip code, located in Lynnwood, WA, is currently classified as a balanced market. The median sale price stands at $769,990, representing a -6.7% change year over year. Homes in this area spend an average of 12 days on the market before going under contract. There are currently 57 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 98037 sits in the Lynnwood, WA area, roughly 1 miles from downtown Lynnwood. Because home prices are set street by street, this ZIP can move differently from Lynnwood's citywide averages. The figures below reflect 98037 specifically — drawn from Redfin transactions, U.S. Census data for its 29,723 residents, and Zillow value estimates.
Homes sold
73
Last 12 weeks
Days on market
12
Fast-moving
Active listings
57
Sale-to-list
99.3%
Below asking
What is driving the 98037 housing market?
The 98037 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 99.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98037 have declined -6.7% 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 98037 stands at $791,751, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,202 per month. This gives a price-to-rent ratio of approximately 30.0, 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 98037?
Population
29,723
Median income
$107,281/yr
Median age
37.7 years
Owner-occupied
61.6%
College grads
40.2%
Avg commute
31.67 min
What is it like living in 98037?
Zip code 98037 is home to approximately 29,723 residents. The median household income is $107,281 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 61.6% 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 40.2% 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 31.67 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 98037.
Which public schools serve ZIP 98037?
9 schools tracked · 6,115 students
The largest public schools serving ZIP code 98037 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.
Meadowdale High School
Grades 9-12 · 1,535 students
Meadowdale Middle School
Grades 7-8 · 719 students
Alderwood Middle School
Grades 7-8 · 680 students
Spruce Elementary
Grades K-6 · 620 students
Lynnwood Elementary
Grades K-6 · 591 students
Oak Heights Elementary
Grades K-6 · 540 students
Martha Lake Elementary
Grades K-6 · 522 students
Meadowdale Elementary
Grades K-6 · 473 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 98037
What is the median home price in 98037?
The current median sale price in 98037 is $769,990, based on recent Redfin transaction data. Prices have changed -6.7% 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 98037 a buyer's or seller's market?
The 98037 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 98037?
Zip code 98037 has a population of approximately 29,723 residents. The median household income is $107,281 per year. About 61.6% 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 98037?
Properties Incorporated provides comprehensive data for 98037 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 98037 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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