Tukwila, WA 98168 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market value is the median sold price of 594,500, which represents the most reliable indicator of recent transaction activity and suggests realized pricing is below current asking expectations; up price momentum (price year-over-year trend: up) supports continued appreciation pressure.
2. The median listing price of 729,500 versus the median sold price of 594,500 points to noticeable pricing friction where seller expectations appear elevated relative to executed sales, which may indicate selective bidding or price reductions are needed to convert listings.
3. A median days on market of 284 suggests slower sales velocity than typical hot-market turnover despite a hot market temperature; this combination may reflect cautious buyer behavior or a mismatch between asking prices and buyer willingness to transact.
4. Rental and financing context: the median market rent is 1,750 and rent year-over-year trend is up, while interest rate pressure is moderate and current 30-year fixed mortgage rates are 6.53%, which is 0.36% lower than one year ago—these conditions support sustained rental demand but maintain affordability pressure for buyers.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.