ZIP 98004 Housing Market Report
Northwest Seattle
Report period: May 2026
98004 Monthly Market Update – May 2026
ZIP 98004 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,899,900
−9.3%
Median DOM (Sales)
39
+8.3%
New Listings (Sales)
27
−70.0%
Median Rent
$2,766
+4.4%
Median DOM (Rental)
11
+57.1%
Total Rental Listings
153
+0.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (31 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 8 Beds ($8,500,000 median)
Sales Market Overview
Median Price
$1,899,900
−9.3%
Median DOM
39
+8.3%
New Listings
27
−70.0%
Inventory
292
+8.6%
- Average Price: $2,713,662
- Median Price: $1,899,900
- Price Range: $340,000 – $9,995,000
- Price per Sq Ft (Avg/Median): $991 / $895
- Square Footage (Avg/Median): 2,666 / 1,754
- Square Footage Range: 451 – 10,270
- Days on Market (Avg/Median): 59 / 39
- Days on Market Range: 2 – 363
- New Listings: 27
- Total Listings: 292
Sales by Property Type
Condo
Avg/Median Price$1,205,549 / $870,000Range$340,000 – $7,850,000Price per Sq Ft$963 / $847Sq Ft1,167 / 1,062DOM59 / 40New11Total133
Land
Avg/Median Price$3,637,790 / $2,990,000Range$1,300,000 – $8,000,000Price per Sq Ft—Sq Ft—DOM80 / 67New1Total5
Single Family
Avg/Median Price$4,428,082 / $4,080,000Range$1,300,000 – $9,995,000Price per Sq Ft$1,045 / $984Sq Ft4,355 / 4,318DOM60 / 31New10Total131
Townhouse
Avg/Median Price$1,468,853 / $1,430,000Range$625,000 – $2,600,000Price per Sq Ft$841 / $828Sq Ft1,709 / 1,570DOM51 / 48New5Total23
Sales by Bedroom Count
Studio
Avg:$483,125Median:$395,000Range:$359,000 – $709,000PSF:$850 / $876Sq Ft:567 / 492DOM:40 / 31New:0Total:4
1 Beds
Avg:$738,222Median:$699,000Range:$340,000 – $1,388,500PSF:$933 / $847Sq Ft:798 / 752DOM:59 / 37New:7Total:52
2 Beds
Avg:$1,379,549Median:$1,075,000Range:$440,000 – $7,900,000PSF:$955 / $807Sq Ft:1,366 / 1,283DOM:57 / 39New:6Total:87
3 Beds
Avg:$2,863,536Median:$2,188,000Range:$665,000 – $8,635,000PSF:$1,209 / $1,071Sq Ft:2,317 / 2,101DOM:52 / 41New:6Total:42
4 Beds
Avg:$3,633,529Median:$3,100,000Range:$1,550,000 – $8,800,000PSF:$942 / $889Sq Ft:3,815 / 3,560DOM:50 / 25New:3Total:39
5 Beds
Avg:$5,342,056Median:$5,000,000Range:$1,950,000 – $9,700,000PSF:$992 / $958Sq Ft:5,334 / 5,263DOM:74 / 40New:1Total:44
6 Beds
Avg:$5,910,765Median:$5,500,000Range:$2,299,000 – $9,995,000PSF:$960 / $1,016Sq Ft:6,137 / 6,330DOM:54 / 32New:3Total:17
7 Beds
Avg:$7,850,000Median:$7,850,000Range:$7,850,000 – $7,850,000PSF:$1,090 / $1,090Sq Ft:7,202 / 7,202DOM:67 / 67New:0Total:1
8 Beds
Avg:$8,500,000Median:$8,500,000Range:$8,500,000 – $8,500,000PSF:$828 / $828Sq Ft:10,270 / 10,270DOM:363 / 363New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $483,125 | $395,000 | $359,000 – $709,000 | $850 / $876 | 567 / 492 | 40 / 31 | 0 | 4 |
| 1 Beds | $738,222 | $699,000 | $340,000 – $1,388,500 | $933 / $847 | 798 / 752 | 59 / 37 | 7 | 52 |
| 2 Beds | $1,379,549 | $1,075,000 | $440,000 – $7,900,000 | $955 / $807 | 1,366 / 1,283 | 57 / 39 | 6 | 87 |
| 3 Beds | $2,863,536 | $2,188,000 | $665,000 – $8,635,000 | $1,209 / $1,071 | 2,317 / 2,101 | 52 / 41 | 6 | 42 |
| 4 Beds | $3,633,529 | $3,100,000 | $1,550,000 – $8,800,000 | $942 / $889 | 3,815 / 3,560 | 50 / 25 | 3 | 39 |
| 5 Beds | $5,342,056 | $5,000,000 | $1,950,000 – $9,700,000 | $992 / $958 | 5,334 / 5,263 | 74 / 40 | 1 | 44 |
| 6 Beds | $5,910,765 | $5,500,000 | $2,299,000 – $9,995,000 | $960 / $1,016 | 6,137 / 6,330 | 54 / 32 | 3 | 17 |
| 7 Beds | $7,850,000 | $7,850,000 | $7,850,000 – $7,850,000 | $1,090 / $1,090 | 7,202 / 7,202 | 67 / 67 | 0 | 1 |
| 8 Beds | $8,500,000 | $8,500,000 | $8,500,000 – $8,500,000 | $828 / $828 | 10,270 / 10,270 | 363 / 363 | 0 | 1 |
Rental Market Overview
Median Rent
$2,766
+4.4%
Median DOM
11
+57.1%
New Listings
18
Inventory
153
+0.7%
- Average Rent: $3,418
- Median Rent: $2,766
- Rent Range: $1,475 – $9,950
- Rent per Sq Ft (Avg/Median): $4 / $3
- Square Footage (Avg/Median): 1,014 / 884
- Square Footage Range: 300 – 3,250
- Days on Market (Avg/Median): 61 / 11
- Days on Market Range: 1 – 362
- New Listings: 18
- Total Listings: 153
Rentals by Property Type
Apartment
$2,439
Median DOM: 43
Inventory: 102
MoM: +4.4%
Condo
$2,695
Median DOM: 9
Inventory: 26
MoM: +4.4%
Single Family
$4,500
Median DOM: 1
Inventory: 13
MoM: +4.4%
Townhouse
$5,400
Median DOM: 6
Inventory: 12
MoM: +4.4%
Apartment
Avg/Median Rent$3,075 / $2,439Range$1,475 – $8,590Rent per Sq Ft$4 / $3Sq Ft811 / 720DOM97 / 43New7Total102
Condo
Avg/Median Rent$3,203 / $2,695Range$1,500 – $5,995Rent per Sq Ft$3 / $3Sq Ft962 / 970DOM22 / 9New4Total26
Single Family
Avg/Median Rent$4,958 / $4,500Range$2,295 – $9,950Rent per Sq Ft$3 / $3Sq Ft1,972 / 1,980DOM15 / 1New5Total13
Townhouse
Avg/Median Rent$5,133 / $5,400Range$1,500 – $8,750Rent per Sq Ft$3 / $3Sq Ft1,700 / 1,575DOM13 / 6New2Total12
Rentals by Bedroom Count
Studio
Avg:$2,048Median:$2,065Range:$1,500 – $2,575PSF:$4 / $4Sq Ft:477 / 478DOM:99 / 12New:2Total:31
1 Beds
Avg:$2,924Median:$2,398Range:$1,475 – $6,970PSF:$4 / $3Sq Ft:746 / 700DOM:96 / 54New:2Total:54
2 Beds
Avg:$4,088Median:$3,795Range:$1,500 – $8,590PSF:$3 / $3Sq Ft:1,235 / 1,144DOM:27 / 3New:10Total:49
3 Beds
Avg:$4,906Median:$3,995Range:$2,850 – $8,750PSF:$3 / $3Sq Ft:1,818 / 1,700DOM:34 / 5New:1Total:12
4 Beds
Avg:$5,999Median:$4,950Range:$4,495 – $9,950PSF:$3 / $2Sq Ft:2,367 / 1,980DOM:27 / 6New:2Total:6
5 Beds
Avg:$6,395Median:$6,395Range:$6,395 – $6,395PSF:$2 / $2Sq Ft:3,200 / 3,200DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,048 | $2,065 | $1,500 – $2,575 | $4 / $4 | 477 / 478 | 99 / 12 | 2 | 31 |
| 1 Beds | $2,924 | $2,398 | $1,475 – $6,970 | $4 / $3 | 746 / 700 | 96 / 54 | 2 | 54 |
| 2 Beds | $4,088 | $3,795 | $1,500 – $8,590 | $3 / $3 | 1,235 / 1,144 | 27 / 3 | 10 | 49 |
| 3 Beds | $4,906 | $3,995 | $2,850 – $8,750 | $3 / $3 | 1,818 / 1,700 | 34 / 5 | 1 | 12 |
| 4 Beds | $5,999 | $4,950 | $4,495 – $9,950 | $3 / $2 | 2,367 / 1,980 | 27 / 6 | 2 | 6 |
| 5 Beds | $6,395 | $6,395 | $6,395 – $6,395 | $2 / $2 | 3,200 / 3,200 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$1,525,000Median DOM:80New:16Total:189
Jan 2026
Median Price:$1,675,000Median DOM:81New:51Total:174
Feb 2026
Median Price:$1,899,000Median DOM:44New:56Total:196
Mar 2026
Median Price:$2,010,000Median DOM:33New:84Total:230
Apr 2026
Median Price:$2,095,000Median DOM:36New:90Total:269
May 2026
Median Price:$1,899,900Median DOM:39New:27Total:292
6-Month Rental Trend
Dec 2025
Median Rent:$2,725Median DOM:14New:51Total:181
Jan 2026
Median Rent:$2,695Median DOM:16New:44Total:164
Feb 2026
Median Rent:$2,595Median DOM:13New:45Total:158
Mar 2026
Median Rent:$2,575Median DOM:6New:48Total:157
Apr 2026
Median Rent:$2,650Median DOM:7New:41Total:152
May 2026
Median Rent:$2,766Median DOM:11New:18Total:153
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower 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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