ZIP 98005 Housing Market Report
Northwest Seattle
Report period: August 2026
98005 Monthly Market Update – August 2026
ZIP 98005 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,199,000
−13.4%
Median DOM (Sales)
34
−10.5%
New Listings (Sales)
7
−75.9%
Median Rent
$2,481
−4.4%
Median DOM (Rental)
10
+11.1%
Total Rental Listings
52
−8.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (10 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($2,368,000 median)
Sales Market Overview
Median Price
$1,199,000
−13.4%
Median DOM
34
−10.5%
New Listings
7
−75.9%
Inventory
125
−3.1%
- Average Price: $1,567,243
- Median Price: $1,199,000
- Price Range: $330,000 – $6,489,990
- Price per Sq Ft (Avg/Median): $622 / $598
- Square Footage (Avg/Median): 2,366 / 2,000
- Square Footage Range: 560 – 6,166
- Days on Market (Avg/Median): 53 / 34
- Days on Market Range: 1 – 290
- New Listings: 7
- Total Listings: 125
Sales by Property Type
Condo
Avg/Median Price$500,408 / $485,000Range$330,000 – $799,000Price per Sq Ft$496 / $488Sq Ft1,029 / 976DOM70 / 50New1Total37
Land
Avg/Median Price$999,950 / $999,950Range$999,950 – $999,950Price per Sq Ft—Sq Ft—DOM10 / 10New0Total1
Single Family
Avg/Median Price$2,560,300 / $2,188,000Range$1,269,000 – $6,489,990Price per Sq Ft$710 / $691Sq Ft3,613 / 3,330DOM44 / 24New4Total57
Townhouse
Avg/Median Price$1,015,107 / $925,000Range$455,000 – $1,925,000Price per Sq Ft$613 / $604Sq Ft1,647 / 1,616DOM49 / 45New2Total30
Sales by Bedroom Count
1 Beds
Avg:$381,357Median:$360,000Range:$330,000 – $459,000PSF:$552 / $526Sq Ft:695 / 687DOM:81 / 59New:0Total:7
2 Beds
Avg:$558,227Median:$525,000Range:$375,000 – $900,000PSF:$506 / $488Sq Ft:1,110 / 1,100DOM:63 / 50New:1Total:37
3 Beds
Avg:$1,160,770Median:$1,095,900Range:$520,000 – $1,899,000PSF:$639 / $613Sq Ft:1,821 / 1,723DOM:38 / 32New:3Total:20
4 Beds
Avg:$2,124,928Median:$2,000,000Range:$750,000 – $4,288,000PSF:$694 / $689Sq Ft:3,092 / 2,800DOM:49 / 28New:2Total:37
5 Beds
Avg:$3,083,808Median:$2,368,000Range:$1,450,000 – $6,489,990PSF:$708 / $726Sq Ft:4,241 / 4,382DOM:48 / 24New:1Total:22
6 Beds
Avg:$1,900,000Median:$1,900,000Range:$1,900,000 – $1,900,000PSF:$565 / $565Sq Ft:3,362 / 3,362DOM:31 / 31New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $381,357 | $360,000 | $330,000 – $459,000 | $552 / $526 | 695 / 687 | 81 / 59 | 0 | 7 |
| 2 Beds | $558,227 | $525,000 | $375,000 – $900,000 | $506 / $488 | 1,110 / 1,100 | 63 / 50 | 1 | 37 |
| 3 Beds | $1,160,770 | $1,095,900 | $520,000 – $1,899,000 | $639 / $613 | 1,821 / 1,723 | 38 / 32 | 3 | 20 |
| 4 Beds | $2,124,928 | $2,000,000 | $750,000 – $4,288,000 | $694 / $689 | 3,092 / 2,800 | 49 / 28 | 2 | 37 |
| 5 Beds | $3,083,808 | $2,368,000 | $1,450,000 – $6,489,990 | $708 / $726 | 4,241 / 4,382 | 48 / 24 | 1 | 22 |
| 6 Beds | $1,900,000 | $1,900,000 | $1,900,000 – $1,900,000 | $565 / $565 | 3,362 / 3,362 | 31 / 31 | 0 | 1 |
Rental Market Overview
Median Rent
$2,481
−4.4%
Median DOM
10
+11.1%
New Listings
10
Inventory
52
−8.8%
- Average Rent: $3,060
- Median Rent: $2,481
- Rent Range: $1,409 – $9,900
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,238 / 920
- Square Footage Range: 300 – 5,500
- Days on Market (Avg/Median): 71 / 10
- Days on Market Range: 1 – 352
- New Listings: 10
- Total Listings: 52
Rentals by Property Type
Apartment
$2,115
Median DOM: 227
Inventory: 29
MoM: −4.4%
Condo
$2,450
Median DOM: 1
Inventory: 6
MoM: −4.4%
Single Family
$4,700
Median DOM: 5
Inventory: 12
MoM: −4.4%
Townhouse
$3,100
Median DOM: 1
Inventory: 4
MoM: −4.4%
Apartment
Avg/Median Rent$2,272 / $2,115Range$1,409 – $4,020Rent per Sq Ft$3 / $3Sq Ft718 / 666DOM194 / 227New0Total29
Condo
Avg/Median Rent$2,621 / $2,450Range$1,875 – $3,200Rent per Sq Ft$3 / $3Sq Ft1,032 / 885DOM17 / 1New2Total6
Multi-Family
Avg/Median Rent$2,850 / $2,850Range$2,850 – $2,850Rent per Sq Ft$2 / $2Sq Ft1,340 / 1,340DOM3 / 3New1Total1
Single Family
Avg/Median Rent$5,019 / $4,700Range$1,500 – $9,900Rent per Sq Ft$2 / $2Sq Ft2,569 / 2,111DOM34 / 5New6Total12
Townhouse
Avg/Median Rent$3,599 / $3,100Range$3,050 – $4,550Rent per Sq Ft$2 / $2Sq Ft1,624 / 1,558DOM4 / 1New1Total4
Rentals by Bedroom Count
Studio
Avg:$1,963Median:$2,016Range:$1,495 – $2,274PSF:$4 / $4Sq Ft:452 / 453DOM:—New:0Total:8
1 Beds
Avg:$2,041Median:$2,020Range:$1,409 – $2,481PSF:$3 / $3Sq Ft:668 / 662DOM:111 / 66New:2Total:14
2 Beds
Avg:$2,871Median:$2,795Range:$1,945 – $4,020PSF:$3 / $3Sq Ft:1,081 / 1,060DOM:67 / 10New:2Total:16
3 Beds
Avg:$3,899Median:$3,695Range:$2,600 – $5,450PSF:$2 / $2Sq Ft:1,700 / 1,582DOM:63 / 3New:3Total:6
4 Beds
Avg:$5,085Median:$5,000Range:$1,500 – $7,200PSF:$2 / $2Sq Ft:2,858 / 2,720DOM:52 / 8New:3Total:7
5 Beds
Avg:$9,900Median:$9,900Range:$9,900 – $9,900PSF:$2 / $2Sq Ft:5,500 / 5,500DOM:24 / 24New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,963 | $2,016 | $1,495 – $2,274 | $4 / $4 | 452 / 453 | — | 0 | 8 |
| 1 Beds | $2,041 | $2,020 | $1,409 – $2,481 | $3 / $3 | 668 / 662 | 111 / 66 | 2 | 14 |
| 2 Beds | $2,871 | $2,795 | $1,945 – $4,020 | $3 / $3 | 1,081 / 1,060 | 67 / 10 | 2 | 16 |
| 3 Beds | $3,899 | $3,695 | $2,600 – $5,450 | $2 / $2 | 1,700 / 1,582 | 63 / 3 | 3 | 6 |
| 4 Beds | $5,085 | $5,000 | $1,500 – $7,200 | $2 / $2 | 2,858 / 2,720 | 52 / 8 | 3 | 7 |
| 5 Beds | $9,900 | $9,900 | $9,900 – $9,900 | $2 / $2 | 5,500 / 5,500 | 24 / 24 | 0 | 1 |
6-Month Sales Trend
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:$1,500,000Median DOM:30New:43Total:123
Jun 2026
Median Price:$1,588,000Median DOM:37New:40Total:130
Jul 2026
Median Price:$1,385,000Median DOM:38New:29Total:129
Aug 2026
Median Price:$1,199,000Median DOM:34New:7Total:125
6-Month Rental Trend
Mar 2026
Median Rent:$2,600Median DOM:14New:16Total:56
Apr 2026
Median Rent:$2,500Median DOM:18New:12Total:61
May 2026
Median Rent:$2,600Median DOM:17New:13Total:61
Jun 2026
Median Rent:$2,600Median DOM:9New:20Total:63
Jul 2026
Median Rent:$2,595Median DOM:9New:12Total:57
Aug 2026
Median Rent:$2,481Median DOM:10New:10Total:52
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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