98571
$505,000median sale price
The 98571 zip code, located in Gig Harbor, WA, is currently classified as a buyer's market. The median sale price stands at $505,000, representing a -24.6% change year over year. Homes in this area spend an average of 96 days on the market before going under contract. There are currently 9 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 98571 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
2
Last 12 weeks
Days on market
96
Average pace
Active listings
9
Sale-to-list
92.7%
Below asking
Market trends
Market analysis for 98571
The 98571 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 92.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98571 have declined -24.6% 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 98571 stands at $755,226, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
76
Median age
-666666666 years
Living in 98571
Zip code 98571 is home to approximately 76 residents. With a median age of -666666666 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings.
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 98571.
Frequently asked questions about 98571
What is the median home price in 98571?
The current median sale price in 98571 is $505,000, based on recent Redfin transaction data. Prices have changed -24.6% 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 98571 a buyer's or seller's market?
The 98571 zip code is currently classified as a buyer'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 and demographics of 98571?
Zip code 98571 has a population of approximately 76 residents.0 This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 98571?
Properties Incorporated provides comprehensive data for 98571 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 98571 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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