Tukwila, WA 98168 Real Estate Market Report

ZIP Code: 98168
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Tukwila WA are 6.3% compared to 5.9% when typical loans in this area originated in February 2026.

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 primary indicator, median sold price, is 585,000, which serves as the representative recent sale and suggests current market value is centered at that level; use sold prices, not asking prices, for valuation.

2. There is pricing parity between median listing price and median sold price at 585,000, which may indicate limited gap between seller expectations and final transaction prices; neutral pricing alignment.

3. The median days on market is 288, a notably long sales cycle that suggests slower sales velocity and potential pricing friction for sellers; slower transaction velocity.

4. Interest rate pressure is reported as elevated while rent year-over-year trend is up and median market rent is 1,750, implying higher financing costs are a headwind even as rental demand/rents rise—this combination may compress buyer affordability and shift some demand toward rental options; elevated interest rate pressure and rising rents.

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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.

Tukwila, WA 98168 Real Estate Market Report

ZIP Code: 98168
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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.

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Tukwila WA are 6.3% compared to 5.9% when typical loans in this area originated in February 2026.

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. $404,500 median sold price remains the primary indicator of recent market value in ZIP 98168 and suggests that completed transactions are tracking at this level even as broader price signals show mixed direction; use sold prices, not asking prices, for valuation.

2. 297 median days on market points to slower sales velocity and extended marketing periods compared with typical fast-turn markets, which may indicate pricing friction or conservative buyer activity; longer time to contract appears to be a material liquidity consideration.

3. $273 median price per square foot and $1,750 median market rent together show the current unit-level pricing context for SFR and condo assets, which supports underwriting assumptions that should rely on observed sale outcomes rather than listed expectations; price-per-foot and market rent provide transaction context.

4. Market-level trends are mixed: price year-over-year trend is down while market temperature is neutral and rent year-over-year trend is up; elevated interest rate pressure (current 30-year fixed mortgage rates of 6.3% vs 5.9% in February 2026) may be constraining buying power and contributing to balanced-to-cooling conditions.

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Notable Properties

The following 7 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.