Is Steilacoom, WA 98388 a buyer’s or seller’s market?

The Steilacoom housing market right now

In the three months ending August 31, 2026, 15% of homes in Steilacoom, WA 98388 sold above their list price, the typical home went under contract in 13 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 41%, homes sold more slowly (9 days then) and the median sale price rose 18% to $809,650. Overall, Steilacoom is less competitive than a year ago, which gives buyers more room.

Within Pierce County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in 81%. On our competition score, Steilacoom ranks #150 of 298 WA ZIP codes with enough sales (score 58 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.