ZIP 98012 Housing Market Report
Northwest Seattle
Report period: August 2026
98012 Monthly Market Update – August 2026
ZIP 98012 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$950,000
0.0%
Median DOM (Sales)
36
0.0%
New Listings (Sales)
28
−79.7%
Median Rent
$3,300
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
180
+2.9%
Month-over-Month Movement
Median sale prices were flat. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (9 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,288,990 median)
Sales Market Overview
Median Price
$950,000
0.0%
Median DOM
36
0.0%
New Listings
28
−79.7%
Inventory
467
−0.8%
- Average Price: $973,166
- Median Price: $950,000
- Price Range: $34,900 – $2,299,000
- Price per Sq Ft (Avg/Median): $446 / $444
- Square Footage (Avg/Median): 2,190 / 2,179
- Square Footage Range: 677 – 4,957
- Days on Market (Avg/Median): 51 / 36
- Days on Market Range: 1 – 326
- New Listings: 28
- Total Listings: 467
Sales by Property Type
Condo
Avg/Median Price$601,919 / $500,000Range$255,000 – $1,265,000Price per Sq Ft$419 / $401Sq Ft1,428 / 1,218DOM58 / 38New4Total55
Land
Avg/Median Price$630,500 / $535,000Range$160,000 – $1,350,000Price per Sq Ft—Sq Ft—DOM79 / 9New3Total8
Manufactured
Avg/Median Price$382,271 / $499,000Range$34,900 – $749,000Price per Sq Ft$266 / $348Sq Ft1,397 / 1,344DOM94 / 99New1Total14
Single Family
Avg/Median Price$1,136,898 / $1,089,000Range$575,000 – $2,299,000Price per Sq Ft$467 / $458Sq Ft2,470 / 2,439DOM46 / 32New20Total311
Townhouse
Avg/Median Price$726,480 / $695,000Range$369,000 – $1,142,995Price per Sq Ft$414 / $419Sq Ft1,762 / 1,816DOM57 / 46New0Total79
Sales by Bedroom Count
1 Beds
Avg:$369,725Median:$328,900Range:$255,000 – $545,000PSF:$451 / $433Sq Ft:826 / 679DOM:79 / 38New:0Total:4
2 Beds
Avg:$518,235Median:$502,550Range:$34,900 – $1,225,000PSF:$394 / $385Sq Ft:1,343 / 1,275DOM:64 / 52New:3Total:66
3 Beds
Avg:$817,657Median:$799,950Range:$75,000 – $1,799,950PSF:$445 / $437Sq Ft:1,860 / 1,842DOM:50 / 33New:8Total:135
4 Beds
Avg:$1,126,806Median:$1,062,995Range:$650,000 – $2,164,995PSF:$460 / $460Sq Ft:2,455 / 2,415DOM:47 / 35New:11Total:184
5 Beds
Avg:$1,368,487Median:$1,288,990Range:$949,000 – $2,299,000PSF:$462 / $456Sq Ft:2,975 / 2,922DOM:47 / 34New:3Total:68
6 Beds
Avg:$1,484,500Median:$1,260,999Range:$1,260,999 – $1,708,000PSF:$359 / $341Sq Ft:4,115 / 3,703DOM:38 / 29New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $369,725 | $328,900 | $255,000 – $545,000 | $451 / $433 | 826 / 679 | 79 / 38 | 0 | 4 |
| 2 Beds | $518,235 | $502,550 | $34,900 – $1,225,000 | $394 / $385 | 1,343 / 1,275 | 64 / 52 | 3 | 66 |
| 3 Beds | $817,657 | $799,950 | $75,000 – $1,799,950 | $445 / $437 | 1,860 / 1,842 | 50 / 33 | 8 | 135 |
| 4 Beds | $1,126,806 | $1,062,995 | $650,000 – $2,164,995 | $460 / $460 | 2,455 / 2,415 | 47 / 35 | 11 | 184 |
| 5 Beds | $1,368,487 | $1,288,990 | $949,000 – $2,299,000 | $462 / $456 | 2,975 / 2,922 | 47 / 34 | 3 | 68 |
| 6 Beds | $1,484,500 | $1,260,999 | $1,260,999 – $1,708,000 | $359 / $341 | 4,115 / 3,703 | 38 / 29 | 0 | 2 |
Rental Market Overview
Median Rent
$3,300
0.0%
Median DOM
1
0.0%
New Listings
46
Inventory
180
+2.9%
- Average Rent: $3,153
- Median Rent: $3,300
- Rent Range: $1,340 – $5,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,779 / 1,807
- Square Footage Range: 457 – 3,595
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 320
- New Listings: 46
- Total Listings: 180
Rentals by Property Type
Apartment
$1,995
Median DOM: 233
Inventory: 32
MoM: 0.0%
Condo
$2,500
Median DOM: 1
Inventory: 19
MoM: 0.0%
Single Family
$3,650
Median DOM: 1
Inventory: 116
MoM: 0.0%
Townhouse
$3,090
Median DOM: 1
Inventory: 12
MoM: 0.0%
Apartment
Avg/Median Rent$2,217 / $1,995Range$1,340 – $5,500Rent per Sq Ft$2 / $2Sq Ft976 / 860DOM172 / 233New0Total32
Condo
Avg/Median Rent$2,479 / $2,500Range$1,499 – $3,790Rent per Sq Ft$3 / $2Sq Ft1,057 / 984DOM9 / 1New11Total19
Multi-Family
Avg/Median Rent$2,795 / $2,795Range$2,795 – $2,795Rent per Sq Ft$2 / $2Sq Ft1,364 / 1,364DOM3 / 3New1Total1
Single Family
Avg/Median Rent$3,526 / $3,650Range$1,550 – $4,800Rent per Sq Ft$2 / $2Sq Ft2,124 / 2,146DOM10 / 1New34Total116
Townhouse
Avg/Median Rent$3,133 / $3,090Range$2,486 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,660 / 1,610DOM12 / 1New0Total12
Rentals by Bedroom Count
Studio
Avg:$1,750Median:$1,750Range:$1,750 – $1,750PSF:$4 / $4Sq Ft:457 / 457DOM:1 / 1New:1Total:1
1 Beds
Avg:$1,776Median:$1,809Range:$1,340 – $2,800PSF:$3 / $3Sq Ft:689 / 682DOM:71 / 1New:3Total:21
2 Beds
Avg:$2,532Median:$2,475Range:$1,600 – $3,500PSF:$2 / $2Sq Ft:1,106 / 995DOM:33 / 1New:10Total:35
3 Beds
Avg:$3,305Median:$3,300Range:$1,550 – $5,500PSF:$2 / $2Sq Ft:1,834 / 1,808DOM:14 / 1New:11Total:60
4 Beds
Avg:$3,789Median:$3,880Range:$2,000 – $4,800PSF:$2 / $2Sq Ft:2,429 / 2,418DOM:11 / 1New:19Total:57
5 Beds
Avg:$4,248Median:$4,200Range:$3,745 – $4,600PSF:$2 / $2Sq Ft:2,676 / 2,517DOM:14 / 15New:2Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,750 | $1,750 | $1,750 – $1,750 | $4 / $4 | 457 / 457 | 1 / 1 | 1 | 1 |
| 1 Beds | $1,776 | $1,809 | $1,340 – $2,800 | $3 / $3 | 689 / 682 | 71 / 1 | 3 | 21 |
| 2 Beds | $2,532 | $2,475 | $1,600 – $3,500 | $2 / $2 | 1,106 / 995 | 33 / 1 | 10 | 35 |
| 3 Beds | $3,305 | $3,300 | $1,550 – $5,500 | $2 / $2 | 1,834 / 1,808 | 14 / 1 | 11 | 60 |
| 4 Beds | $3,789 | $3,880 | $2,000 – $4,800 | $2 / $2 | 2,429 / 2,418 | 11 / 1 | 19 | 57 |
| 5 Beds | $4,248 | $4,200 | $3,745 – $4,600 | $2 / $2 | 2,676 / 2,517 | 14 / 15 | 2 | 6 |
6-Month Sales Trend
Mar 2026
Median Price:$950,000Median DOM:25New:119Total:319
Apr 2026
Median Price:$979,950Median DOM:28New:127Total:361
May 2026
Median Price:$999,000Median DOM:29New:145Total:416
Jun 2026
Median Price:$997,500Median DOM:30New:153Total:460
Jul 2026
Median Price:$950,000Median DOM:36New:138Total:471
Aug 2026
Median Price:$950,000Median DOM:36New:28Total:467
6-Month Rental Trend
Mar 2026
Median Rent:$2,895Median DOM:1New:52Total:140
Apr 2026
Median Rent:$2,890Median DOM:1New:46Total:129
May 2026
Median Rent:$2,849Median DOM:1New:58Total:129
Jun 2026
Median Rent:$3,195Median DOM:1New:73Total:148
Jul 2026
Median Rent:$3,300Median DOM:1New:83Total:175
Aug 2026
Median Rent:$3,300Median DOM:1New:46Total:180
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, 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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