98229 — Skagit County, Washington Market Snapshot
Housing market data for zip code 98229 in Skagit County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
108 sales in 2026 (year to date)
Median Sale Price
$709,280
Days to Sell
7
Homes Sold
108
Inventory
85
Sale-to-List
100.6%
New Listings
193
Price/SqFt
$395
Pending Sales
153
Conforming Loan Available
The median home in 98229 at $709,280 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
98229 is an extremely competitive market with homes selling in just 7 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 98229 (100.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 98229 at $709,280 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 98229 are set at the county level.
2026 Loan Limits — Skagit County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $621,000 |
| 2 Units | $1,066,250 | $795,000 |
| 3 Units | $1,288,800 | $960,950 |
| 4 Units | $1,601,750 | $1,194,250 |
Affordability Snapshot — Zip 98229
To purchase the median home at $709,280 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,584.
Monthly Payment
$5,584
Income Required
$239,326
Principal & Interest
$4,370/mo
Down Payment (5%)
$35,464
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 98229.
Estimated Monthly Payment
$4,540
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 98229. Tell us what you're looking for.