98371 — Pierce County, Washington Market Snapshot
Housing market data for zip code 98371 in Pierce County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
77 sales in 2026 (year to date)
Median Sale Price
$638,000
Days to Sell
25
Homes Sold
77
Inventory
78
Sale-to-List
99.9%
New Listings
138
Price/SqFt
$314
Pending Sales
107
Conforming Loan Available
Most homebuyers in 98371 can comfortably use conventional financing. The median home price of $638,000 is well below the 2026 conforming loan limit of $1,063,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 98371 are moving quickly at 25 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 98371 (99.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 98371 can comfortably use conventional financing. The median home price of $638,000 is well below the 2026 conforming loan limit of $1,063,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 98371 are set at the county level.
2026 Loan Limits — Pierce County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,063,750 | $1,063,750 |
| 2 Units | $1,361,800 | $1,361,800 |
| 3 Units | $1,646,100 | $1,646,100 |
| 4 Units | $2,045,700 | $2,045,700 |
Affordability Snapshot — Zip 98371
To purchase the median home at $638,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,038.
Monthly Payment
$5,038
Income Required
$215,921
Principal & Interest
$3,931/mo
Down Payment (5%)
$31,900
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 98371.
Estimated Monthly Payment
$4,098
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