98447
$416,000median sale price
The 98447 zip code, located in Gig Harbor, WA, is currently classified as a balanced market. The median sale price stands at $416,000. Homes in this area spend an average of 3 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 98447 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
3
Fast-moving
Active listings
—
Sale-to-list
97.9%
Below asking
Market trends
Market analysis for 98447
The 98447 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 97.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98447 have remained relatively stable compared to last year. 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.
Community profile
Population
1,067
Median age
19.7 years
College grads
10000.0%
Living in 98447
Zip code 98447 is home to approximately 1,067 residents. With a median age of 19.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings.
About 10000.0% 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. 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 98447.
Frequently asked questions about 98447
What is the median home price in 98447?
The current median sale price in 98447 is $416,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 98447 a buyer's or seller's market?
The 98447 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 and demographics of 98447?
Zip code 98447 has a population of approximately 1,067 residents. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 98447?
Properties Incorporated provides comprehensive data for 98447 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 98447 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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