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Sarah Mitchell
Compass Real Estate · ZIP 98168
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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98168 ZIP Code Housing Market
$590,000median sale price
What is the 98168 housing market like right now?
The median home sale price in ZIP code 98168 is $590,000, up 5.4% year-over-year. Homes sell in an average of 19 days with 47 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 98168 ZIP code a buyer's or seller's market?
ZIP code 98168 is currently a balanced market and homes selling in about 19 days. How we determine this →
What are the latest 98168 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $590,000 |
| Median list price | $604,950 |
| Year-over-year price change | +5.4% |
| Average days on market | 19 days |
| Active inventory | 47 listings |
| Sale-to-list price ratio | 99.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 98168 zip code, located in Riverton, WA, is currently classified as a balanced market. The median sale price stands at $590,000, representing a +5.4% change year over year. Homes in this area spend an average of 19 days on the market before going under contract. There are currently 47 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 98168 sits in the Riverton, WA area, roughly 0.5 miles from downtown Riverton. Because home prices are set street by street, this ZIP can move differently from Riverton's citywide averages. The figures below reflect 98168 specifically — drawn from Redfin transactions, U.S. Census data for its 35,528 residents, and Zillow value estimates.
Homes sold
76
Last 12 weeks
Days on market
19
Fast-moving
Active listings
47
Sale-to-list
99.4%
Below asking
What is driving the 98168 housing market?
The 98168 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 99.4% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98168 have increased +5.4% 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 98168 stands at $587,314, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,960 per month. This gives a price-to-rent ratio of approximately 25.0, 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 98168?
Population
35,528
Median income
$88,083/yr
Median age
38 years
Owner-occupied
53.8%
College grads
24.4%
Avg commute
32.43 min
What is it like living in 98168?
Zip code 98168 is home to approximately 35,528 residents. The median household income is $88,083 per year, which shapes the types of homes and amenities available in the area. With a median age of 38 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 53.8% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 24.4% 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 32.43 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 98168.
Which public schools serve ZIP 98168?
15 schools tracked · 6,267 students
The largest public schools serving ZIP code 98168 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.
Foster Senior High School
Grades 9-12 · 893 students
Glacier Middle School
Grades 6-8 · 785 students
Showalter Middle School
Grades 6-8 · 600 students
White Center Heights Elementary
Grades PK-5 · 533 students
Hilltop Elementary
Grades PK-5 · 531 students
Cascade View Elementary
Grades PK-5 · 514 students
Impact Public Schools
Grades K-5 · 478 students
Tukwila Elementary
Grades PK-5 · 448 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 98168
What is the median home price in 98168?
The current median sale price in 98168 is $590,000, based on recent Redfin transaction data. Prices have changed +5.4% 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 98168 a buyer's or seller's market?
The 98168 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 98168?
Zip code 98168 has a population of approximately 35,528 residents. The median household income is $88,083 per year. About 53.8% 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 98168?
Properties Incorporated provides comprehensive data for 98168 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 98168 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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