ZIP 98012 Housing Market Report
Northwest Seattle
Report period: May 2026
98012 Monthly Market Update – May 2026
ZIP 98012 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$977,500
−0.3%
Median DOM (Sales)
30
+7.1%
New Listings (Sales)
42
−66.9%
Median Rent
$2,878
−0.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
131
+1.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (23 DOM)
- Fastest renting: Multi-Family (1 DOM)
- Strongest bedroom: 5 Beds ($1,328,990 median)
Sales Market Overview
Median Price
$977,500
−0.3%
Median DOM
30
+7.1%
New Listings
42
−66.9%
Inventory
396
+9.7%
- Average Price: $991,895
- Median Price: $977,500
- Price Range: $54,950 – $2,300,000
- Price per Sq Ft (Avg/Median): $461 / $464
- Square Footage (Avg/Median): 2,132 / 2,101
- Square Footage Range: 677 – 4,770
- Days on Market (Avg/Median): 44 / 30
- Days on Market Range: 2 – 343
- New Listings: 42
- Total Listings: 396
Sales by Property Type
Condo
Avg/Median Price$664,416 / $534,900Range$275,000 – $1,399,995Price per Sq Ft$443 / $437Sq Ft1,482 / 1,337DOM41 / 31New4Total57
Land
Avg/Median Price$893,800 / $625,000Range$160,000 – $2,200,000Price per Sq Ft—Sq Ft—DOM184 / 177New0Total5
Manufactured
Avg/Median Price$279,056 / $159,900Range$54,950 – $575,000Price per Sq Ft$212 / $186Sq Ft1,294 / 1,344DOM68 / 43New0Total17
Single Family
Avg/Median Price$1,188,656 / $1,100,000Range$599,000 – $2,300,000Price per Sq Ft$491 / $482Sq Ft2,452 / 2,439DOM37 / 23New33Total245
Townhouse
Avg/Median Price$756,735 / $709,950Range$369,000 – $1,199,995Price per Sq Ft$432 / $444Sq Ft1,757 / 1,746DOM57 / 39New5Total72
Sales by Bedroom Count
1 Beds
Avg:$318,798Median:$299,990Range:$275,000 – $380,000PSF:$454 / $433Sq Ft:706 / 691DOM:51 / 52New:0Total:5
2 Beds
Avg:$500,514Median:$534,900Range:$54,950 – $950,000PSF:$381 / $396Sq Ft:1,316 / 1,304DOM:57 / 40New:2Total:54
3 Beds
Avg:$856,264Median:$829,995Range:$85,000 – $1,800,000PSF:$469 / $460Sq Ft:1,833 / 1,784DOM:41 / 29New:13Total:130
4 Beds
Avg:$1,159,566Median:$1,098,000Range:$150,000 – $2,300,000PSF:$475 / $479Sq Ft:2,437 / 2,411DOM:39 / 24New:19Total:144
5 Beds
Avg:$1,401,051Median:$1,328,990Range:$875,000 – $2,249,995PSF:$487 / $474Sq Ft:2,890 / 2,888DOM:38 / 27New:8Total:56
6 Beds
Avg:$1,474,444Median:$1,100,000Range:$1,100,000 – $1,848,888PSF:$365 / $322Sq Ft:3,972 / 3,418DOM:68 / 65New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $318,798 | $299,990 | $275,000 – $380,000 | $454 / $433 | 706 / 691 | 51 / 52 | 0 | 5 |
| 2 Beds | $500,514 | $534,900 | $54,950 – $950,000 | $381 / $396 | 1,316 / 1,304 | 57 / 40 | 2 | 54 |
| 3 Beds | $856,264 | $829,995 | $85,000 – $1,800,000 | $469 / $460 | 1,833 / 1,784 | 41 / 29 | 13 | 130 |
| 4 Beds | $1,159,566 | $1,098,000 | $150,000 – $2,300,000 | $475 / $479 | 2,437 / 2,411 | 39 / 24 | 19 | 144 |
| 5 Beds | $1,401,051 | $1,328,990 | $875,000 – $2,249,995 | $487 / $474 | 2,890 / 2,888 | 38 / 27 | 8 | 56 |
| 6 Beds | $1,474,444 | $1,100,000 | $1,100,000 – $1,848,888 | $365 / $322 | 3,972 / 3,418 | 68 / 65 | 0 | 2 |
Rental Market Overview
Median Rent
$2,878
−0.4%
Median DOM
1
0.0%
New Listings
33
Inventory
131
+1.6%
- Average Rent: $2,798
- Median Rent: $2,878
- Rent Range: $800 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,468 / 1,403
- Square Footage Range: 550 – 3,309
- Days on Market (Avg/Median): 29 / 1
- Days on Market Range: 1 – 327
- New Listings: 33
- Total Listings: 131
Rentals by Property Type
Apartment
$1,821
Median DOM: 133
Inventory: 34
MoM: −0.4%
Condo
$2,450
Median DOM: 17
Inventory: 19
MoM: −0.4%
Single Family
$3,350
Median DOM: 1
Inventory: 69
MoM: −0.4%
Townhouse
$3,150
Median DOM: 27
Inventory: 8
MoM: −0.4%
Apartment
Avg/Median Rent$2,049 / $1,821Range$1,160 – $3,749Rent per Sq Ft$3 / $3Sq Ft906 / 780DOM133 / 133New1Total34
Condo
Avg/Median Rent$2,494 / $2,450Range$1,698 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,154 / 1,077DOM29 / 17New5Total19
Multi-Family
Avg/Median Rent$2,300 / $2,300Range$2,300 – $2,300Rent per Sq Ft$3 / $3Sq Ft780 / 780DOM1 / 1New0Total1
Single Family
Avg/Median Rent$3,224 / $3,350Range$800 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,809 / 1,808DOM9 / 1New27Total69
Townhouse
Avg/Median Rent$3,084 / $3,150Range$2,299 – $3,600Rent per Sq Ft$2 / $2Sq Ft1,605 / 1,446DOM24 / 27New0Total8
Rentals by Bedroom Count
1 Beds
Avg:$1,756Median:$1,750Range:$800 – $2,760PSF:$3 / $3Sq Ft:708 / 705DOM:72 / 1New:6Total:33
2 Beds
Avg:$2,476Median:$2,355Range:$1,700 – $3,198PSF:$2 / $2Sq Ft:1,065 / 980DOM:34 / 11New:8Total:30
3 Beds
Avg:$3,244Median:$3,200Range:$2,400 – $4,195PSF:$2 / $2Sq Ft:1,743 / 1,702DOM:21 / 1New:10Total:37
4 Beds
Avg:$3,632Median:$3,699Range:$1,550 – $4,500PSF:$2 / $2Sq Ft:2,176 / 2,172DOM:9 / 1New:8Total:24
5 Beds
Avg:$3,875Median:$3,999Range:$3,400 – $4,099PSF:$2 / $2Sq Ft:2,504 / 2,445DOM:13 / 1New:1Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,756 | $1,750 | $800 – $2,760 | $3 / $3 | 708 / 705 | 72 / 1 | 6 | 33 |
| 2 Beds | $2,476 | $2,355 | $1,700 – $3,198 | $2 / $2 | 1,065 / 980 | 34 / 11 | 8 | 30 |
| 3 Beds | $3,244 | $3,200 | $2,400 – $4,195 | $2 / $2 | 1,743 / 1,702 | 21 / 1 | 10 | 37 |
| 4 Beds | $3,632 | $3,699 | $1,550 – $4,500 | $2 / $2 | 2,176 / 2,172 | 9 / 1 | 8 | 24 |
| 5 Beds | $3,875 | $3,999 | $3,400 – $4,099 | $2 / $2 | 2,504 / 2,445 | 13 / 1 | 1 | 7 |
6-Month Sales Trend
Dec 2025
Median Price:$996,000Median DOM:48New:30Total:275
Jan 2026
Median Price:$1,050,000Median DOM:38New:90Total:239
Feb 2026
Median Price:$999,999Median DOM:22New:107Total:279
Mar 2026
Median Price:$950,000Median DOM:25New:119Total:319
Apr 2026
Median Price:$979,950Median DOM:28New:127Total:361
May 2026
Median Price:$977,500Median DOM:30New:42Total:396
6-Month Rental Trend
Dec 2025
Median Rent:$2,950Median DOM:1New:71Total:169
Jan 2026
Median Rent:$3,000Median DOM:1New:64Total:154
Feb 2026
Median Rent:$3,100Median DOM:1New:57Total:145
Mar 2026
Median Rent:$2,895Median DOM:1New:52Total:140
Apr 2026
Median Rent:$2,890Median DOM:1New:46Total:129
May 2026
Median Rent:$2,878Median DOM:1New:33Total:131
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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