Is South Prairie, WA 98385 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

South Prairie is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The South Prairie housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Pierce County, WA

Population	457
Median income	$152,500
Average income	$312,015
Median home value	$504,400
Owner-occupied	95% of homes
Median year built	1981

Natural hazard riskEarthquakes (relatively high), extreme heat (moderate), winter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 98385; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 98385

Prefilled for 98385Can I win this house?Multiple-offer likelihood for a listing Prefilled for 98385Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Anderson Island 98303Buyer’s market $302 /sq ft Ashford 98304Buyer’s market $496 /sq ft Bonney Lake 98391Seller’s market $317 /sq ft Buckley 98321Seller’s market $296 /sq ft Browse all markets →

Where South Prairie is

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Questions about South Prairie real estate

What are property taxes in South Prairie?

About 0.91% of a home’s value a year in Pierce County, or roughly $3,640 on a $400,000 home.

Local agents

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More tools for 98385

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Pierce County property taxes Pierce County loan limits Closing costs in Washington Hottest ZIP codes in Washington

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology