ZIP 98003 Housing Market Report
Northwest Seattle
Report period: May 2026
98003 Monthly Market Update – May 2026
ZIP 98003 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$400,000
−2.4%
Median DOM (Sales)
38
+2.7%
New Listings (Sales)
17
−69.1%
Median Rent
$1,799
0.0%
Median DOM (Rental)
29
−12.1%
Total Rental Listings
100
−4.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (16 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($989,000 median)
Sales Market Overview
Median Price
$400,000
−2.4%
Median DOM
38
+2.7%
New Listings
17
−69.1%
Inventory
193
+5.5%
- Average Price: $485,549
- Median Price: $400,000
- Price Range: $49,900 – $2,700,000
- Price per Sq Ft (Avg/Median): $288 / $308
- Square Footage (Avg/Median): 1,626 / 1,440
- Square Footage Range: 566 – 4,410
- Days on Market (Avg/Median): 69 / 38
- Days on Market Range: 2 – 364
- New Listings: 17
- Total Listings: 193
Sales by Property Type
Condo
Avg/Median Price$283,850 / $278,000Range$190,000 – $400,000Price per Sq Ft$304 / $307Sq Ft940 / 916DOM56 / 47New5Total45
Land
Avg/Median Price$810,750 / $269,500Range$150,000 – $2,700,000Price per Sq Ft—Sq Ft—DOM20 / 16New1Total6
Manufactured
Avg/Median Price$166,469 / $165,000Range$49,900 – $425,000Price per Sq Ft$127 / $117Sq Ft1,329 / 1,344DOM140 / 134New2Total43
Multi-Family
Avg/Median Price$951,790 / $989,000Range$850,000 – $1,030,000Price per Sq Ft$295 / $294Sq Ft3,266 / 3,056DOM52 / 51New0Total5
Single Family
Avg/Median Price$716,492 / $650,000Range$279,950 – $1,450,000Price per Sq Ft$355 / $353Sq Ft2,085 / 1,920DOM44 / 24New8Total84
Townhouse
Avg/Median Price$397,075 / $380,000Range$290,000 – $525,000Price per Sq Ft$319 / $294Sq Ft1,276 / 1,240DOM65 / 44New1Total10
Sales by Bedroom Count
1 Beds
Avg:$265,516Median:$212,998Range:$203,700 – $650,000PSF:$315 / $310Sq Ft:854 / 717DOM:29 / 24New:2Total:9
2 Beds
Avg:$257,725Median:$250,000Range:$67,950 – $560,000PSF:$241 / $269Sq Ft:1,117 / 1,000DOM:104 / 67New:2Total:64
3 Beds
Avg:$467,323Median:$499,999Range:$49,900 – $1,299,900PSF:$301 / $334Sq Ft:1,550 / 1,500DOM:62 / 35New:9Total:66
4 Beds
Avg:$753,864Median:$699,950Range:$179,900 – $1,295,000PSF:$336 / $337Sq Ft:2,304 / 2,210DOM:39 / 22New:3Total:33
5 Beds
Avg:$979,081Median:$899,950Range:$705,000 – $1,450,000PSF:$327 / $320Sq Ft:3,001 / 2,810DOM:70 / 32New:0Total:8
6 Beds
Avg:$850,000Median:$850,000Range:$850,000 – $850,000PSF:$313 / $313Sq Ft:2,712 / 2,712DOM:19 / 19New:0Total:1
7 Beds
Avg:$824,975Median:$649,950Range:$649,950 – $1,000,000PSF:$274 / $271Sq Ft:3,015 / 2,340DOM:15 / 10New:0Total:2
8 Beds
Avg:$977,238Median:$989,000Range:$899,950 – $1,030,000PSF:$290 / $275Sq Ft:3,404 / 3,056DOM:60 / 51New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $265,516 | $212,998 | $203,700 – $650,000 | $315 / $310 | 854 / 717 | 29 / 24 | 2 | 9 |
| 2 Beds | $257,725 | $250,000 | $67,950 – $560,000 | $241 / $269 | 1,117 / 1,000 | 104 / 67 | 2 | 64 |
| 3 Beds | $467,323 | $499,999 | $49,900 – $1,299,900 | $301 / $334 | 1,550 / 1,500 | 62 / 35 | 9 | 66 |
| 4 Beds | $753,864 | $699,950 | $179,900 – $1,295,000 | $336 / $337 | 2,304 / 2,210 | 39 / 22 | 3 | 33 |
| 5 Beds | $979,081 | $899,950 | $705,000 – $1,450,000 | $327 / $320 | 3,001 / 2,810 | 70 / 32 | 0 | 8 |
| 6 Beds | $850,000 | $850,000 | $850,000 – $850,000 | $313 / $313 | 2,712 / 2,712 | 19 / 19 | 0 | 1 |
| 7 Beds | $824,975 | $649,950 | $649,950 – $1,000,000 | $274 / $271 | 3,015 / 2,340 | 15 / 10 | 0 | 2 |
| 8 Beds | $977,238 | $989,000 | $899,950 – $1,030,000 | $290 / $275 | 3,404 / 3,056 | 60 / 51 | 0 | 4 |
Rental Market Overview
Median Rent
$1,799
0.0%
Median DOM
29
−12.1%
New Listings
23
Inventory
100
−4.8%
- Average Rent: $1,920
- Median Rent: $1,799
- Rent Range: $600 – $4,297
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,036 / 953
- Square Footage Range: 400 – 3,619
- Days on Market (Avg/Median): 78 / 29
- Days on Market Range: 1 – 364
- New Listings: 23
- Total Listings: 100
Rentals by Property Type
Apartment
$1,725
Median DOM: 85
Inventory: 71
MoM: 0.0%
Condo
$1,400
Median DOM: 1
Inventory: 7
MoM: 0.0%
Single Family
$2,795
Median DOM: 1
Inventory: 22
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,732 / $1,725Range$1,067 – $2,880Rent per Sq Ft$2 / $2Sq Ft857 / 875DOM106 / 85New13Total71
Condo
Avg/Median Rent$1,264 / $1,400Range$600 – $1,950Rent per Sq Ft$2 / $2Sq Ft874 / 1,002DOM79 / 1New2Total7
Single Family
Avg/Median Rent$2,735 / $2,795Range$950 – $4,297Rent per Sq Ft$2 / $2Sq Ft1,643 / 1,430DOM11 / 1New8Total22
Rentals by Bedroom Count
Studio
Avg:$1,499Median:$1,311Range:$1,295 – $1,890PSF:$3 / $3Sq Ft:462 / 400DOM:1 / 1New:0Total:3
1 Beds
Avg:$1,490Median:$1,550Range:$600 – $2,880PSF:$2 / $2Sq Ft:773 / 700DOM:171 / 197New:4Total:34
2 Beds
Avg:$1,853Median:$1,800Range:$1,295 – $2,300PSF:$2 / $2Sq Ft:962 / 1,000DOM:61 / 47New:10Total:45
3 Beds
Avg:$2,822Median:$2,800Range:$1,858 – $4,297PSF:$2 / $2Sq Ft:1,540 / 1,430DOM:8 / 1New:8Total:15
4 Beds
Avg:$3,645Median:$3,645Range:$3,645 – $3,645PSF:$1 / $1Sq Ft:3,619 / 3,619DOM:1 / 1New:0Total:1
5 Beds
Avg:$3,748Median:$3,397Range:$3,397 – $4,100PSF:$2 / $1Sq Ft:2,425 / 2,080DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,499 | $1,311 | $1,295 – $1,890 | $3 / $3 | 462 / 400 | 1 / 1 | 0 | 3 |
| 1 Beds | $1,490 | $1,550 | $600 – $2,880 | $2 / $2 | 773 / 700 | 171 / 197 | 4 | 34 |
| 2 Beds | $1,853 | $1,800 | $1,295 – $2,300 | $2 / $2 | 962 / 1,000 | 61 / 47 | 10 | 45 |
| 3 Beds | $2,822 | $2,800 | $1,858 – $4,297 | $2 / $2 | 1,540 / 1,430 | 8 / 1 | 8 | 15 |
| 4 Beds | $3,645 | $3,645 | $3,645 – $3,645 | $1 / $1 | 3,619 / 3,619 | 1 / 1 | 0 | 1 |
| 5 Beds | $3,748 | $3,397 | $3,397 – $4,100 | $2 / $1 | 2,425 / 2,080 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$335,000Median DOM:64New:29Total:161
Jan 2026
Median Price:$359,000Median DOM:58New:35Total:148
Feb 2026
Median Price:$389,950Median DOM:52New:39Total:156
Mar 2026
Median Price:$409,950Median DOM:33New:49Total:167
Apr 2026
Median Price:$409,950Median DOM:37New:55Total:183
May 2026
Median Price:$400,000Median DOM:38New:17Total:193
6-Month Rental Trend
Dec 2025
Median Rent:$1,750Median DOM:9New:40Total:99
Jan 2026
Median Rent:$1,795Median DOM:39New:25Total:102
Feb 2026
Median Rent:$1,799Median DOM:52New:25Total:109
Mar 2026
Median Rent:$1,800Median DOM:69New:21Total:102
Apr 2026
Median Rent:$1,799Median DOM:33New:34Total:105
May 2026
Median Rent:$1,799Median DOM:29New:23Total:100
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory tightened.
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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