98046
$555,000median sale price
The 98046 zip code, located in Gig Harbor, WA, is currently classified as a balanced market. The median sale price stands at $555,000, representing a -19.3% change year over year.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 98046 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
—
Average pace
Active listings
—
Sale-to-list
100.0%
Above asking
Market trends
Market analysis for 98046
The 98046 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 100.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98046 have declined -19.3% 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.
Frequently asked questions about 98046
What is the median home price in 98046?
The current median sale price in 98046 is $555,000, based on recent Redfin transaction data. Prices have changed -19.3% 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 98046 a buyer's or seller's market?
The 98046 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.
How do I research neighborhoods in 98046?
Properties Incorporated provides comprehensive data for 98046 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 98046 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.
Get zip code 98046 market alerts
Weekly updates on prices, inventory, and trends. Free forever.