ZIP 98002 Housing Market Report
Northwest Seattle
Report period: May 2026
98002 Monthly Market Update – May 2026
ZIP 98002 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$299,000
+6.8%
Median DOM (Sales)
25
−13.8%
New Listings (Sales)
18
−67.9%
Median Rent
$1,895
+6.8%
Median DOM (Rental)
6
−57.1%
Total Rental Listings
94
+9.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (15 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 7 Beds ($995,000 median)
Sales Market Overview
Median Price
$299,000
+6.8%
Median DOM
25
−13.8%
New Listings
18
−67.9%
Inventory
171
+7.5%
- Average Price: $361,662
- Median Price: $299,000
- Price Range: $19,900 – $2,650,000
- Price per Sq Ft (Avg/Median): $237 / $273
- Square Footage (Avg/Median): 1,467 / 1,295
- Square Footage Range: 575 – 9,024
- Days on Market (Avg/Median): 62 / 25
- Days on Market Range: 2 – 339
- New Listings: 18
- Total Listings: 171
Sales by Property Type
Condo
Avg/Median Price$300,292 / $299,000Range$179,000 – $480,000Price per Sq Ft$319 / $313Sq Ft958 / 918DOM71 / 26New4Total20
Land
Avg/Median Price$194,667 / $200,000Range$159,000 – $225,000Price per Sq Ft—Sq Ft—DOM47 / 15New0Total3
Manufactured
Avg/Median Price$132,873 / $125,000Range$19,900 – $519,950Price per Sq Ft$106 / $96Sq Ft1,240 / 1,248DOM72 / 40New5Total72
Multi-Family
Avg/Median Price$1,062,812 / $950,000Range$600,000 – $2,650,000Price per Sq Ft$302 / $281Sq Ft3,639 / 3,250DOM121 / 69New1Total12
Single Family
Avg/Median Price$534,486 / $525,000Range$209,900 – $899,990Price per Sq Ft$351 / $342Sq Ft1,599 / 1,510DOM33 / 17New7Total55
Townhouse
Avg/Median Price$392,994 / $399,999Range$335,000 – $439,000Price per Sq Ft$336 / $309Sq Ft1,199 / 1,203DOM78 / 59New1Total9
Sales by Bedroom Count
1 Beds
Avg:$150,972Median:$195,000Range:$19,900 – $224,950PSF:$248 / $313Sq Ft:636 / 623DOM:115 / 90New:0Total:9
2 Beds
Avg:$255,001Median:$159,995Range:$20,000 – $2,650,000PSF:$204 / $135Sq Ft:1,247 / 1,099DOM:69 / 32New:6Total:76
3 Beds
Avg:$358,164Median:$400,000Range:$55,000 – $695,000PSF:$252 / $256Sq Ft:1,444 / 1,370DOM:39 / 13New:7Total:52
4 Beds
Avg:$589,357Median:$600,000Range:$184,900 – $899,990PSF:$296 / $310Sq Ft:2,000 / 2,030DOM:35 / 20New:3Total:19
5 Beds
Avg:$623,417Median:$629,000Range:$556,250 – $685,000PSF:$268 / $287Sq Ft:2,357 / 2,332DOM:68 / 24New:1Total:3
6 Beds
Avg:$983,000Median:$950,000Range:$799,000 – $1,200,000PSF:$333 / $363Sq Ft:3,003 / 3,250DOM:236 / 258New:0Total:3
7 Beds
Avg:$995,000Median:$995,000Range:$995,000 – $995,000PSF:$262 / $262Sq Ft:3,800 / 3,800DOM:332 / 332New:0Total:1
8 Beds
Avg:$976,950Median:$989,750Range:$900,000 – $1,045,000PSF:$286 / $281Sq Ft:3,373 / 3,560DOM:52 / 41New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $150,972 | $195,000 | $19,900 – $224,950 | $248 / $313 | 636 / 623 | 115 / 90 | 0 | 9 |
| 2 Beds | $255,001 | $159,995 | $20,000 – $2,650,000 | $204 / $135 | 1,247 / 1,099 | 69 / 32 | 6 | 76 |
| 3 Beds | $358,164 | $400,000 | $55,000 – $695,000 | $252 / $256 | 1,444 / 1,370 | 39 / 13 | 7 | 52 |
| 4 Beds | $589,357 | $600,000 | $184,900 – $899,990 | $296 / $310 | 2,000 / 2,030 | 35 / 20 | 3 | 19 |
| 5 Beds | $623,417 | $629,000 | $556,250 – $685,000 | $268 / $287 | 2,357 / 2,332 | 68 / 24 | 1 | 3 |
| 6 Beds | $983,000 | $950,000 | $799,000 – $1,200,000 | $333 / $363 | 3,003 / 3,250 | 236 / 258 | 0 | 3 |
| 7 Beds | $995,000 | $995,000 | $995,000 – $995,000 | $262 / $262 | 3,800 / 3,800 | 332 / 332 | 0 | 1 |
| 8 Beds | $976,950 | $989,750 | $900,000 – $1,045,000 | $286 / $281 | 3,373 / 3,560 | 52 / 41 | 1 | 5 |
Rental Market Overview
Median Rent
$1,895
+6.8%
Median DOM
6
−57.1%
New Listings
33
Inventory
94
+9.3%
- Average Rent: $1,933
- Median Rent: $1,895
- Rent Range: $1,099 – $3,325
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 973 / 975
- Square Footage Range: 395 – 2,040
- Days on Market (Avg/Median): 52 / 6
- Days on Market Range: 1 – 351
- New Listings: 33
- Total Listings: 94
Rentals by Property Type
Apartment
$1,699
Median DOM: 29
Inventory: 56
MoM: +6.8%
Condo
$1,650
Median DOM: 1
Inventory: 7
MoM: +6.8%
Single Family
$2,600
Median DOM: 1
Inventory: 16
MoM: +6.8%
Townhouse
$1,795
Median DOM: 1
Inventory: 2
MoM: +6.8%
Apartment
Avg/Median Rent$1,708 / $1,699Range$1,099 – $2,600Rent per Sq Ft$2 / $2Sq Ft874 / 900DOM84 / 29New9Total56
Condo
Avg/Median Rent$1,770 / $1,650Range$1,295 – $2,750Rent per Sq Ft$2 / $2Sq Ft913 / 858DOM20 / 1New3Total7
Multi-Family
Avg/Median Rent$2,068 / $2,100Range$1,895 – $2,275Rent per Sq Ft$2 / $2Sq Ft921 / 910DOM1 / 1New13Total13
Single Family
Avg/Median Rent$2,651 / $2,600Range$1,500 – $3,325Rent per Sq Ft$2 / $2Sq Ft1,346 / 1,219DOM27 / 1New6Total16
Townhouse
Avg/Median Rent$2,198 / $1,795Range$1,795 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,138 / 939DOM1 / 1New2Total2
Rentals by Bedroom Count
Studio
Avg:$1,495Median:$1,495Range:$1,495 – $1,495PSF:$4 / $4Sq Ft:395 / 395DOM:—New:0Total:1
1 Beds
Avg:$1,417Median:$1,399Range:$1,099 – $1,703PSF:$2 / $2Sq Ft:677 / 623DOM:97 / 1New:5Total:19
2 Beds
Avg:$1,870Median:$1,895Range:$1,199 – $2,600PSF:$2 / $2Sq Ft:942 / 910DOM:44 / 5New:24Total:53
3 Beds
Avg:$2,509Median:$2,450Range:$1,925 – $3,200PSF:$2 / $2Sq Ft:1,266 / 1,271DOM:51 / 17New:2Total:19
4 Beds
Avg:$3,200Median:$3,200Range:$3,200 – $3,200PSF:$2 / $2Sq Ft:2,030 / 2,030DOM:1 / 1New:1Total:1
5 Beds
Avg:$3,325Median:$3,325Range:$3,325 – $3,325PSF:$2 / $2Sq Ft:2,040 / 2,040DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,495 | $1,495 | $1,495 – $1,495 | $4 / $4 | 395 / 395 | — | 0 | 1 |
| 1 Beds | $1,417 | $1,399 | $1,099 – $1,703 | $2 / $2 | 677 / 623 | 97 / 1 | 5 | 19 |
| 2 Beds | $1,870 | $1,895 | $1,199 – $2,600 | $2 / $2 | 942 / 910 | 44 / 5 | 24 | 53 |
| 3 Beds | $2,509 | $2,450 | $1,925 – $3,200 | $2 / $2 | 1,266 / 1,271 | 51 / 17 | 2 | 19 |
| 4 Beds | $3,200 | $3,200 | $3,200 – $3,200 | $2 / $2 | 2,030 / 2,030 | 1 / 1 | 1 | 1 |
| 5 Beds | $3,325 | $3,325 | $3,325 – $3,325 | $2 / $2 | 2,040 / 2,040 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$292,500Median DOM:81New:22Total:138
Jan 2026
Median Price:$299,000Median DOM:67New:32Total:139
Feb 2026
Median Price:$279,000Median DOM:70New:22Total:144
Mar 2026
Median Price:$248,000Median DOM:58New:33Total:141
Apr 2026
Median Price:$279,950Median DOM:29New:56Total:159
May 2026
Median Price:$299,000Median DOM:25New:18Total:171
6-Month Rental Trend
Dec 2025
Median Rent:$1,750Median DOM:25New:26Total:79
Jan 2026
Median Rent:$1,700Median DOM:14New:34Total:87
Feb 2026
Median Rent:$1,699Median DOM:25New:21Total:88
Mar 2026
Median Rent:$1,750Median DOM:25New:29Total:80
Apr 2026
Median Rent:$1,775Median DOM:14New:32Total:86
May 2026
Median Rent:$1,895Median DOM:6New:33Total:94
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, while total rental inventory increased.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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