ZIP 98008 Housing Market Report
Northwest Seattle
Report period: May 2026
98008 Monthly Market Update – May 2026
ZIP 98008 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,500,000
0.0%
Median DOM (Sales)
23
+9.5%
New Listings (Sales)
23
−42.5%
Median Rent
$3,801
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
36
−2.7%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (16 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($2,798,000 median)
Sales Market Overview
Median Price
$1,500,000
0.0%
Median DOM
23
+9.5%
New Listings
23
−42.5%
Inventory
143
+15.3%
- Average Price: $1,850,785
- Median Price: $1,500,000
- Price Range: $450,000 – $5,500,000
- Price per Sq Ft (Avg/Median): $691 / $680
- Square Footage (Avg/Median): 2,652 / 2,280
- Square Footage Range: 1,052 – 8,240
- Days on Market (Avg/Median): 35 / 23
- Days on Market Range: 1 – 210
- New Listings: 23
- Total Listings: 143
Sales by Property Type
Condo
Avg/Median Price$1,124,555 / $1,100,000Range$450,000 – $1,968,000Price per Sq Ft$580 / $606Sq Ft1,959 / 1,796DOM63 / 65New1Total7
Land
Avg/Median Price$2,988,000 / $2,988,000Range$2,988,000 – $2,988,000Price per Sq Ft—Sq Ft—DOM177 / 177New0Total1
Single Family
Avg/Median Price$2,102,021 / $1,685,000Range$998,000 – $5,500,000Price per Sq Ft$728 / $702Sq Ft2,930 / 2,600DOM30 / 16New21Total108
Townhouse
Avg/Median Price$992,005 / $868,000Range$650,000 – $1,549,000Price per Sq Ft$575 / $580Sq Ft1,719 / 1,802DOM39 / 30New1Total27
Sales by Bedroom Count
2 Beds
Avg:$786,544Median:$799,000Range:$598,000 – $925,000PSF:$564 / $588Sq Ft:1,409 / 1,396DOM:38 / 15New:0Total:9
3 Beds
Avg:$1,333,033Median:$1,258,888Range:$450,000 – $4,000,000PSF:$715 / $698Sq Ft:1,850 / 1,796DOM:39 / 24New:8Total:48
4 Beds
Avg:$1,950,352Median:$1,628,000Range:$774,500 – $5,500,000PSF:$693 / $671Sq Ft:2,832 / 2,400DOM:27 / 13New:12Total:50
5 Beds
Avg:$2,707,948Median:$2,798,000Range:$1,100,000 – $4,925,000PSF:$692 / $708Sq Ft:3,864 / 3,977DOM:32 / 31New:3Total:33
6 Beds
Avg:$1,865,000Median:$1,480,000Range:$1,480,000 – $2,250,000PSF:$661 / $575Sq Ft:2,945 / 1,980DOM:65 / 23New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $786,544 | $799,000 | $598,000 – $925,000 | $564 / $588 | 1,409 / 1,396 | 38 / 15 | 0 | 9 |
| 3 Beds | $1,333,033 | $1,258,888 | $450,000 – $4,000,000 | $715 / $698 | 1,850 / 1,796 | 39 / 24 | 8 | 48 |
| 4 Beds | $1,950,352 | $1,628,000 | $774,500 – $5,500,000 | $693 / $671 | 2,832 / 2,400 | 27 / 13 | 12 | 50 |
| 5 Beds | $2,707,948 | $2,798,000 | $1,100,000 – $4,925,000 | $692 / $708 | 3,864 / 3,977 | 32 / 31 | 3 | 33 |
| 6 Beds | $1,865,000 | $1,480,000 | $1,480,000 – $2,250,000 | $661 / $575 | 2,945 / 1,980 | 65 / 23 | 0 | 2 |
Rental Market Overview
Median Rent
$3,801
0.0%
Median DOM
1
0.0%
New Listings
10
Inventory
36
−2.7%
- Average Rent: $3,569
- Median Rent: $3,801
- Rent Range: $1,100 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,724 / 1,903
- Square Footage Range: 270 – 3,352
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 300
- New Listings: 10
- Total Listings: 36
Rentals by Property Type
Apartment
$2,069
Median DOM: 1
Inventory: 4
MoM: 0.0%
Condo
$1,900
Median DOM: 5
Inventory: 2
MoM: 0.0%
Single Family
$3,900
Median DOM: 1
Inventory: 27
MoM: 0.0%
Townhouse
$3,499
Median DOM: 1
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,898 / $2,069Range$1,295 – $2,119Rent per Sq Ft$4 / $3Sq Ft495 / 318DOM1 / 1New0Total4
Condo
Avg/Median Rent$3,038 / $1,900Range$1,900 – $4,175Rent per Sq Ft$2 / $2Sq Ft1,471 / 845DOM38 / 5New0Total2
Single Family
Avg/Median Rent$3,891 / $3,900Range$1,100 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,974 / 2,014DOM19 / 1New8Total27
Townhouse
Avg/Median Rent$3,255 / $3,499Range$2,070 – $4,195Rent per Sq Ft$2 / $2Sq Ft1,442 / 1,260DOM2 / 1New2Total3
Rentals by Bedroom Count
Studio
Avg:$1,682Median:$1,295Range:$1,295 – $2,069PSF:$6 / $4Sq Ft:294 / 270DOM:1 / 1New:0Total:2
1 Beds
Avg:$1,657Median:$1,300Range:$1,100 – $2,119PSF:$3 / $3Sq Ft:696 / 616DOM:164 / 27New:0Total:4
2 Beds
Avg:$2,345Median:$1,900Range:$1,900 – $2,790PSF:$3 / $2Sq Ft:904 / 845DOM:70 / 70New:0Total:2
3 Beds
Avg:$3,523Median:$3,550Range:$2,070 – $4,495PSF:$2 / $2Sq Ft:1,561 / 1,370DOM:5 / 1New:5Total:13
4 Beds
Avg:$4,302Median:$4,175Range:$3,300 – $6,500PSF:$2 / $2Sq Ft:2,115 / 2,097DOM:3 / 1New:3Total:11
5 Beds
Avg:$5,362Median:$5,495Range:$4,095 – $6,495PSF:$2 / $2Sq Ft:2,853 / 3,106DOM:27 / 5New:2Total:3
6 Beds
Avg:$4,600Median:$4,600Range:$4,600 – $4,600PSF:$2 / $2Sq Ft:2,700 / 2,700DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,682 | $1,295 | $1,295 – $2,069 | $6 / $4 | 294 / 270 | 1 / 1 | 0 | 2 |
| 1 Beds | $1,657 | $1,300 | $1,100 – $2,119 | $3 / $3 | 696 / 616 | 164 / 27 | 0 | 4 |
| 2 Beds | $2,345 | $1,900 | $1,900 – $2,790 | $3 / $2 | 904 / 845 | 70 / 70 | 0 | 2 |
| 3 Beds | $3,523 | $3,550 | $2,070 – $4,495 | $2 / $2 | 1,561 / 1,370 | 5 / 1 | 5 | 13 |
| 4 Beds | $4,302 | $4,175 | $3,300 – $6,500 | $2 / $2 | 2,115 / 2,097 | 3 / 1 | 3 | 11 |
| 5 Beds | $5,362 | $5,495 | $4,095 – $6,495 | $2 / $2 | 2,853 / 3,106 | 27 / 5 | 2 | 3 |
| 6 Beds | $4,600 | $4,600 | $4,600 – $4,600 | $2 / $2 | 2,700 / 2,700 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$1,599,999Median DOM:48New:12Total:70
Jan 2026
Median Price:$1,640,000Median DOM:33New:18Total:62
Feb 2026
Median Price:$1,590,000Median DOM:16New:34Total:76
Mar 2026
Median Price:$1,500,000Median DOM:10New:57Total:109
Apr 2026
Median Price:$1,500,000Median DOM:21New:40Total:124
May 2026
Median Price:$1,500,000Median DOM:23New:23Total:143
6-Month Rental Trend
Dec 2025
Median Rent:$3,500Median DOM:1New:23Total:45
Jan 2026
Median Rent:$3,600Median DOM:1New:18Total:47
Feb 2026
Median Rent:$3,500Median DOM:1New:18Total:40
Mar 2026
Median Rent:$3,700Median DOM:1New:18Total:38
Apr 2026
Median Rent:$3,801Median DOM:1New:16Total:37
May 2026
Median Rent:$3,801Median DOM:1New:10Total:36
Key Market Takeaways
Median sale prices held steady 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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