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Compass Real Estate · ZIP 98177
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98177 ZIP Code Housing Market
$1.12Mmedian sale price
What is the 98177 housing market like right now?
The median home sale price in ZIP code 98177 is $1.12M, down 7.6% year-over-year. Homes sell in an average of 7 days with 31 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 98177 ZIP code a buyer's or seller's market?
ZIP code 98177 is currently a seller's market and homes selling in about 7 days. How we determine this →
What are the latest 98177 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.12M |
| Median list price | $1.20M |
| Year-over-year price change | -7.6% |
| Average days on market | 7 days |
| Active inventory | 31 listings |
| Sale-to-list price ratio | 101.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 98177 zip code, located in Shoreline, WA, is currently classified as a seller's market. The median sale price stands at $1.12M, representing a -7.6% change year over year. Homes in this area spend an average of 7 days on the market before going under contract. There are currently 31 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 98177 sits in the Shoreline, WA area, roughly 1.6 miles from downtown Shoreline. Because home prices are set street by street, this ZIP can move differently from Shoreline's citywide averages. The figures below reflect 98177 specifically — drawn from Redfin transactions, U.S. Census data for its 21,090 residents, and Zillow value estimates.
Homes sold
83
Last 12 weeks
Days on market
7
Fast-moving
Active listings
31
Sale-to-list
101.8%
Above asking
What is driving the 98177 housing market?
The 98177 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 101.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98177 have declined -7.6% 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 98177 stands at $1.15M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,377 per month. This gives a price-to-rent ratio of approximately 28.3, 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 98177?
Population
21,090
Median income
$169,918/yr
Median age
45.8 years
Owner-occupied
87.0%
College grads
67.6%
Avg commute
23.9 min
What is it like living in 98177?
Zip code 98177 is home to approximately 21,090 residents. The median household income is $169,918 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 87.0% 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 67.6% 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 23.9 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 98177.
Which public schools serve ZIP 98177?
3 schools tracked · 1,724 students
The largest public schools serving ZIP code 98177 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.
Albert Einstein Middle School
Grades 6-8 · 994 students
Melvin G Syre Elementary
Grades K-5 · 463 students
Viewlands Elementary School
Grades PK-5 · 267 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 98177
What is the median home price in 98177?
The current median sale price in 98177 is $1.12M, based on recent Redfin transaction data. Prices have changed -7.6% 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 98177 a buyer's or seller's market?
The 98177 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 98177?
Zip code 98177 has a population of approximately 21,090 residents. The median household income is $169,918 per year. About 87.0% 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 98177?
Properties Incorporated provides comprehensive data for 98177 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 98177 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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