Tukwila, WA 98168 Real Estate Market Report

ZIP Code: 98168
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Tukwila, WA is currently characterized by a median sold price of $582,475, reflecting a competitive environment where homes are selling quickly. The market has shown an upward trend in pricing, with a general indication of price growth. This suggests a robust demand relative to available inventory, which is currently elevated. The median days on market stands at 265, indicating a slower sales velocity compared to previous periods, which may point to pricing friction as buyers navigate the market dynamics.

Despite some fluctuations in local economic conditions, including manufacturing job losses, the overall outlook remains positive. The median market rent has reached $2,953, further supporting the notion of strong rental demand in the area. This combination of factors suggests that while the market is experiencing elevated inventory levels, the demand for housing remains resilient, contributing to a hot market temperature overall.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Tukwila, WA are averaging 6.47%, which is 0.73% higher than the 2026 average of 5.74%.

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

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Key Findings

1. The median sold price of $582,475 indicates strong market activity, reflecting actual transaction values rather than listing expectations.

2. With a median days on market of 265, the market is experiencing slower sales velocity, which may suggest pricing friction for buyers.

3. The median listing price is $714,999.50, which is significantly higher than the sold price, indicating potential pricing pressure on sellers.

4. The median market rent of $2,953 supports ongoing rental demand, which is positive for the local housing market.

5. The market temperature is classified as hot, indicating strong demand despite elevated inventory levels.

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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.