ZIP 98005 Housing Market Report
Northwest Seattle
Report period: May 2026
98005 Monthly Market Update – May 2026
ZIP 98005 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,588,000
−0.8%
Median DOM (Sales)
31
+3.3%
New Listings (Sales)
8
−77.8%
Median Rent
$2,500
0.0%
Median DOM (Rental)
18
0.0%
Total Rental Listings
59
−3.3%
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: Single Family (23 DOM)
- Fastest renting: Single Family (11 DOM)
- Strongest bedroom: 5 Beds ($3,250,000 median)
Sales Market Overview
Median Price
$1,588,000
−0.8%
Median DOM
31
+3.3%
New Listings
8
−77.8%
Inventory
115
+1.8%
- Average Price: $1,805,682
- Median Price: $1,588,000
- Price Range: $345,000 – $7,500,000
- Price per Sq Ft (Avg/Median): $687 / $678
- Square Footage (Avg/Median): 2,475 / 2,118
- Square Footage Range: 558 – 8,320
- Days on Market (Avg/Median): 45 / 31
- Days on Market Range: 2 – 203
- New Listings: 8
- Total Listings: 115
Sales by Property Type
Condo
Avg/Median Price$527,839 / $496,000Range$345,000 – $865,000Price per Sq Ft$514 / $508Sq Ft1,045 / 983DOM53 / 46New1Total28
Land
Avg/Median Price$1,549,983 / $1,600,000Range$1,199,950 – $1,850,000Price per Sq Ft—Sq Ft—DOM102 / 83New0Total3
Single Family
Avg/Median Price$2,676,898 / $2,200,000Range$359,000 – $7,500,000Price per Sq Ft$779 / $761Sq Ft3,431 / 3,010DOM34 / 23New6Total59
Townhouse
Avg/Median Price$1,211,480 / $1,249,000Range$530,000 – $2,185,000Price per Sq Ft$664 / $677Sq Ft1,819 / 1,767DOM55 / 52New1Total25
Sales by Bedroom Count
1 Beds
Avg:$415,406Median:$364,950Range:$345,000 – $588,000PSF:$545 / $527Sq Ft:775 / 687DOM:43 / 46New:0Total:7
2 Beds
Avg:$573,946Median:$525,000Range:$429,000 – $900,000PSF:$526 / $514Sq Ft:1,097 / 1,053DOM:53 / 46New:2Total:25
3 Beds
Avg:$1,310,636Median:$1,328,000Range:$760,000 – $1,990,000PSF:$673 / $683Sq Ft:1,980 / 1,936DOM:38 / 31New:3Total:22
4 Beds
Avg:$2,318,825Median:$2,170,000Range:$875,000 – $7,500,000PSF:$778 / $760Sq Ft:2,959 / 2,790DOM:38 / 25New:3Total:38
5 Beds
Avg:$3,561,599Median:$3,250,000Range:$1,795,000 – $6,289,990PSF:$796 / $795Sq Ft:4,461 / 4,570DOM:51 / 24New:0Total:18
6 Beds
Avg:$2,344,425Median:$1,698,850Range:$1,698,850 – $2,990,000PSF:$640 / $521Sq Ft:3,990 / 2,240DOM:7 / 3New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $415,406 | $364,950 | $345,000 – $588,000 | $545 / $527 | 775 / 687 | 43 / 46 | 0 | 7 |
| 2 Beds | $573,946 | $525,000 | $429,000 – $900,000 | $526 / $514 | 1,097 / 1,053 | 53 / 46 | 2 | 25 |
| 3 Beds | $1,310,636 | $1,328,000 | $760,000 – $1,990,000 | $673 / $683 | 1,980 / 1,936 | 38 / 31 | 3 | 22 |
| 4 Beds | $2,318,825 | $2,170,000 | $875,000 – $7,500,000 | $778 / $760 | 2,959 / 2,790 | 38 / 25 | 3 | 38 |
| 5 Beds | $3,561,599 | $3,250,000 | $1,795,000 – $6,289,990 | $796 / $795 | 4,461 / 4,570 | 51 / 24 | 0 | 18 |
| 6 Beds | $2,344,425 | $1,698,850 | $1,698,850 – $2,990,000 | $640 / $521 | 3,990 / 2,240 | 7 / 3 | 0 | 2 |
Rental Market Overview
Median Rent
$2,500
0.0%
Median DOM
18
0.0%
New Listings
5
Inventory
59
−3.3%
- Average Rent: $3,028
- Median Rent: $2,500
- Rent Range: $1,311 – $6,200
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,252 / 920
- Square Footage Range: 300 – 3,580
- Days on Market (Avg/Median): 75 / 18
- Days on Market Range: 1 – 361
- New Listings: 5
- Total Listings: 59
Rentals by Property Type
Apartment
$2,095
Median DOM: 187
Inventory: 32
MoM: 0.0%
Condo
$2,600
Median DOM: 18
Inventory: 9
MoM: 0.0%
Single Family
$4,600
Median DOM: 11
Inventory: 15
MoM: 0.0%
Townhouse
$4,100
Median DOM: 11
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$2,312 / $2,095Range$1,311 – $5,900Rent per Sq Ft$3 / $3Sq Ft755 / 730DOM174 / 187New1Total32
Condo
Avg/Median Rent$2,572 / $2,600Range$2,200 – $2,900Rent per Sq Ft$3 / $3Sq Ft900 / 887DOM53 / 18New2Total9
Single Family
Avg/Median Rent$4,597 / $4,600Range$3,899 – $6,200Rent per Sq Ft$2 / $2Sq Ft2,450 / 2,490DOM23 / 11New1Total15
Townhouse
Avg/Median Rent$4,192 / $4,100Range$3,700 – $4,775Rent per Sq Ft$3 / $3Sq Ft1,624 / 1,582DOM10 / 11New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,837Median:$1,922Range:$1,311 – $2,207PSF:$4 / $4Sq Ft:443 / 436DOM:287 / 287New:0Total:10
1 Beds
Avg:$2,074Median:$2,029Range:$1,895 – $2,319PSF:$3 / $3Sq Ft:677 / 669DOM:66 / 14New:0Total:11
2 Beds
Avg:$2,649Median:$2,500Range:$1,980 – $3,920PSF:$3 / $3Sq Ft:955 / 920DOM:120 / 29New:3Total:18
3 Beds
Avg:$4,000Median:$3,950Range:$2,375 – $4,775PSF:$2 / $2Sq Ft:1,746 / 1,680DOM:44 / 11New:2Total:10
4 Beds
Avg:$4,962Median:$4,600Range:$4,000 – $6,200PSF:$2 / $2Sq Ft:2,695 / 2,560DOM:19 / 11New:0Total:8
5 Beds
Avg:$5,200Median:$5,200Range:$5,200 – $5,200PSF:$1 / $1Sq Ft:3,580 / 3,580DOM:1 / 1New:0Total:1
6 Beds
Avg:$4,900Median:$4,900Range:$4,900 – $4,900PSF:$2 / $2Sq Ft:2,240 / 2,240DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,837 | $1,922 | $1,311 – $2,207 | $4 / $4 | 443 / 436 | 287 / 287 | 0 | 10 |
| 1 Beds | $2,074 | $2,029 | $1,895 – $2,319 | $3 / $3 | 677 / 669 | 66 / 14 | 0 | 11 |
| 2 Beds | $2,649 | $2,500 | $1,980 – $3,920 | $3 / $3 | 955 / 920 | 120 / 29 | 3 | 18 |
| 3 Beds | $4,000 | $3,950 | $2,375 – $4,775 | $2 / $2 | 1,746 / 1,680 | 44 / 11 | 2 | 10 |
| 4 Beds | $4,962 | $4,600 | $4,000 – $6,200 | $2 / $2 | 2,695 / 2,560 | 19 / 11 | 0 | 8 |
| 5 Beds | $5,200 | $5,200 | $5,200 – $5,200 | $1 / $1 | 3,580 / 3,580 | 1 / 1 | 0 | 1 |
| 6 Beds | $4,900 | $4,900 | $4,900 – $4,900 | $2 / $2 | 2,240 / 2,240 | 13 / 13 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$1,398,500Median DOM:83New:5Total:68
Jan 2026
Median Price:$1,395,000Median DOM:56New:29Total:72
Feb 2026
Median Price:$1,355,000Median DOM:22New:32Total:84
Mar 2026
Median Price:$1,395,000Median DOM:24New:37Total:101
Apr 2026
Median Price:$1,600,000Median DOM:30New:36Total:113
May 2026
Median Price:$1,588,000Median DOM:31New:8Total:115
6-Month Rental Trend
Dec 2025
Median Rent:$2,700Median DOM:32New:17Total:70
Jan 2026
Median Rent:$2,750Median DOM:32New:14Total:63
Feb 2026
Median Rent:$2,570Median DOM:23New:10Total:61
Mar 2026
Median Rent:$2,600Median DOM:14New:16Total:56
Apr 2026
Median Rent:$2,500Median DOM:18New:12Total:61
May 2026
Median Rent:$2,500Median DOM:18New:5Total:59
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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