ZIP 98198 Housing Market & Real Estate Update — February 22, 2026
98198 – February 22, 2026 – ZIP 98198 (SeaTac/Des Moines, King County): Jan median sold $600K (-2.2% YoY), ~30 DOM; Zillow shows 84 for-sale; 30-yr 6.01%.
Top takeaways
- Prices are slightly softer year over year: Redfin shows a January 2026 median sale price of $600K in ZIP 98198 (down 2.2% YoY).
- Homes are still moving, but buyers have a bit more time: Redfin shows roughly 30 median days on market in January.
- Inventory remains active: Zillow’s latest ZIP dashboard snapshot shows 84 homes for sale (data through Dec. 31, 2025).
- Rates dipped again: Freddie Mac’s weekly average 30-year fixed rate was 6.01% as of Feb. 19, 2026.
Market snapshot: ZIP 98198
ZIP 98198 is in King County, Washington, with accepted mailing cities including Des Moines, Normandy Park, and SeaTac (the post office city is listed as Seattle). Across the main housing trackers, the theme right now is ‘competitive, but not frantic’.
Redfin currently describes 98198 as very competitive, with homes receiving about 2 offers on average and selling in around 29.5 days. Their latest monthly read (January 2026) shows a $600,000 median sale price, with a median $343 per square foot. Sales volume was lower year over year (72 homes sold in January, down from 91 last year), which can make the month-to-month feel uneven street by street.
On the valuation and inventory side, Zillow pegs the typical 98198 home value at $577,128 (down 1.7% over the past year, data through Dec. 31, 2025) and shows 84 homes in for-sale inventory at month end. Realtor.com’s ZIP overview also points to a seller-leaning environment historically, with sale-to-list ratios near 98% in their most recent ZIP reporting period.
Mortgage-rate check (national benchmark)
Freddie Mac’s Primary Mortgage Market Survey shows the average 30-year fixed rate at 6.01% for the week ending Feb. 19, 2026 (down from 6.09% the week prior). Even small rate moves can swing monthly payments, so buyers in 98198 may want to re-run affordability before locking in an offer strategy.
What’s for sale nearby (no addresses)
If local headlines are quiet, the most useful daily signal is simply what new (or repriced) inventory looks like:
- Zillow’s active 98198 search currently shows 53 results spanning single-family homes, condos, and townhomes.
- Realtor.com’s 98198 feed is another quick way to spot fresh listings, price cuts, and open-house clustering.
- For builders and long-term investors, Redfin’s 98198 land search shows 8 active land listings, a reminder to double-check utilities, access, and any critical-area constraints early.
ServiceXTC local pro corner
We weren’t able to verify ServiceXTC directory provider pages specifically tagged to ZIP 98198 today. If you’re a local home inspector, roofer, remodeler, electrician, plumber, HVAC tech, or mover and want to appear in future ZIP 98198 updates, consider adding your listing to ServiceXTC.
Sources
https://www.redfin.com/zipcode/98198/housing-market
https://www.zillow.com/home-values/99623/seatac-wa-98198/
https://www.realtor.com/realestateandhomes-search/98198/overview
https://www.zillow.com/seatac-wa-98198/
https://www.redfin.com/zipcode/98198/land
https://www.freddiemac.com/pmms
What are you seeing in 98198 right now: more price cuts, fewer offers, or buyers still jumping quickly on the best homes?