Is Spanaway, WA 98387 a buyer’s or seller’s market?

The Spanaway housing market right now

In the three months ending August 31, 2026, 35% of homes in Spanaway, WA 98387 sold above their list price, the typical home went under contract in 21 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 172 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (36% then), homes sold more slowly (18 days then) and the median sale price held steady to $509,779. Overall, Spanaway is about as competitive as it was a year ago.

Within Pierce County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Spanaway ranks #43 of 298 WA ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Mckenna 98558 (0% sold over asking) or Vaughn 98394 (0% sold over asking), while Carbonado 98323 (80% sold over asking) and Tacoma 98418 (55% sold over asking) are even more competitive.