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Sarah Mitchell
Compass Real Estate · ZIP 98801
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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98801 ZIP Code Housing Market
$525,000median sale price
What is the 98801 housing market like right now?
The median home sale price in ZIP code 98801 is $525,000, up 4.5% year-over-year. Homes sell in an average of 19 days with 103 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 98801 ZIP code a buyer's or seller's market?
ZIP code 98801 is currently a balanced market and homes selling in about 19 days. How we determine this →
What are the latest 98801 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $525,000 |
| Median list price | $557,000 |
| Year-over-year price change | +4.5% |
| Average days on market | 19 days |
| Active inventory | 103 listings |
| Sale-to-list price ratio | 99.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 98801 zip code, located in Wenatchee, WA, is currently classified as a balanced market. The median sale price stands at $525,000, representing a +4.5% change year over year. Homes in this area spend an average of 19 days on the market before going under contract. There are currently 103 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 98801 sits in the Wenatchee, WA area, roughly 0.8 miles from downtown Wenatchee. Because home prices are set street by street, this ZIP can move differently from Wenatchee's citywide averages. The figures below reflect 98801 specifically — drawn from Redfin transactions, U.S. Census data for its 45,426 residents, and Zillow value estimates.
Homes sold
127
Last 12 weeks
Days on market
19
Fast-moving
Active listings
103
Sale-to-list
99.0%
Below asking
What is driving the 98801 housing market?
The 98801 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 99.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 98801 have increased +4.5% 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 98801 stands at $497,385, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,729 per month. This gives a price-to-rent ratio of approximately 24.0, 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 98801?
Population
45,426
Median income
$81,488/yr
Median age
37 years
Owner-occupied
58.8%
College grads
30.6%
Avg commute
19.42 min
What is it like living in 98801?
Zip code 98801 is home to approximately 45,426 residents. The median household income is $81,488 per year, which shapes the types of homes and amenities available in the area. With a median age of 37 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 58.8% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 30.6% 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 19.42 minutes, which is shorter than the national average and suggests good proximity to employment centers. 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 98801.
Which public schools serve ZIP 98801?
20 schools tracked · 7,310 students
The largest public schools serving ZIP code 98801 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.
Wenatchee High School
Grades 9-12 · 2,027 students
Foothills Middle School
Grades 6-8 · 572 students
Pioneer Middle School
Grades 6-8 · 519 students
Washington Elementary School
Grades K-5 · 480 students
Abraham Lincoln Elementary
Grades K-5 · 455 students
Mission View Elementary School
Grades K-5 · 428 students
John Newbery Elementary
Grades K-5 · 417 students
Lewis And Clark Elementary Sch
Grades K-5 · 411 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 98801
What is the median home price in 98801?
The current median sale price in 98801 is $525,000, based on recent Redfin transaction data. Prices have changed +4.5% 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 98801 a buyer's or seller's market?
The 98801 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 98801?
Zip code 98801 has a population of approximately 45,426 residents. The median household income is $81,488 per year. About 58.8% 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 98801?
Properties Incorporated provides comprehensive data for 98801 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 98801 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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