ZIP 98023 Housing Market Report
Northwest Seattle
Report period: May 2026
98023 Monthly Market Update – May 2026
ZIP 98023 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$650,000
+0.0%
Median DOM (Sales)
25
0.0%
New Listings (Sales)
23
−69.3%
Median Rent
$1,800
0.0%
Median DOM (Rental)
22
+29.4%
Total Rental Listings
94
−4.1%
Month-over-Month Movement
Median sale prices moved higher. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,049,000 median)
Sales Market Overview
Median Price
$650,000
+0.0%
Median DOM
25
0.0%
New Listings
23
−69.3%
Inventory
196
+6.5%
- Average Price: $718,928
- Median Price: $650,000
- Price Range: $110,000 – $3,199,950
- Price per Sq Ft (Avg/Median): $338 / $326
- Square Footage (Avg/Median): 2,260 / 2,160
- Square Footage Range: 682 – 7,100
- Days on Market (Avg/Median): 45 / 25
- Days on Market Range: 2 – 317
- New Listings: 23
- Total Listings: 196
Sales by Property Type
Condo
Avg/Median Price$303,947 / $294,800Range$190,000 – $599,950Price per Sq Ft$287 / $277Sq Ft1,076 / 1,017DOM57 / 35New0Total24
Land
Avg/Median Price$349,800 / $294,000Range$110,000 – $1,474,000Price per Sq Ft—Sq Ft—DOM134 / 150New1Total15
Manufactured
Avg/Median Price$514,666 / $519,000Range$450,000 – $574,999Price per Sq Ft$355 / $337Sq Ft1,449 / 1,440DOM23 / 25New0Total3
Single Family
Avg/Median Price$830,530 / $699,950Range$399,000 – $3,199,950Price per Sq Ft$346 / $331Sq Ft2,477 / 2,270DOM36 / 18New22Total151
Townhouse
Avg/Median Price$471,332 / $409,000Range$369,995 – $635,000Price per Sq Ft$290 / $288Sq Ft1,630 / 1,363DOM29 / 35New0Total3
Sales by Bedroom Count
1 Beds
Avg:$269,950Median:$239,900Range:$239,900 – $300,000PSF:$354 / $352Sq Ft:762 / 682DOM:34 / 32New:0Total:2
2 Beds
Avg:$361,324Median:$315,000Range:$190,000 – $1,295,000PSF:$307 / $300Sq Ft:1,130 / 1,056DOM:54 / 31New:0Total:22
3 Beds
Avg:$619,360Median:$599,950Range:$289,000 – $1,150,000PSF:$364 / $356Sq Ft:1,794 / 1,520DOM:29 / 11New:8Total:60
4 Beds
Avg:$868,785Median:$700,000Range:$500,000 – $2,350,000PSF:$335 / $319Sq Ft:2,603 / 2,428DOM:42 / 18New:10Total:71
5 Beds
Avg:$1,086,840Median:$1,030,990Range:$639,900 – $3,199,950PSF:$313 / $306Sq Ft:3,419 / 3,040DOM:37 / 30New:2Total:22
6 Beds
Avg:$1,104,500Median:$1,049,000Range:$750,000 – $1,450,000PSF:$297 / $280Sq Ft:3,765 / 4,020DOM:21 / 9New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $269,950 | $239,900 | $239,900 – $300,000 | $354 / $352 | 762 / 682 | 34 / 32 | 0 | 2 |
| 2 Beds | $361,324 | $315,000 | $190,000 – $1,295,000 | $307 / $300 | 1,130 / 1,056 | 54 / 31 | 0 | 22 |
| 3 Beds | $619,360 | $599,950 | $289,000 – $1,150,000 | $364 / $356 | 1,794 / 1,520 | 29 / 11 | 8 | 60 |
| 4 Beds | $868,785 | $700,000 | $500,000 – $2,350,000 | $335 / $319 | 2,603 / 2,428 | 42 / 18 | 10 | 71 |
| 5 Beds | $1,086,840 | $1,030,990 | $639,900 – $3,199,950 | $313 / $306 | 3,419 / 3,040 | 37 / 30 | 2 | 22 |
| 6 Beds | $1,104,500 | $1,049,000 | $750,000 – $1,450,000 | $297 / $280 | 3,765 / 4,020 | 21 / 9 | 2 | 4 |
Rental Market Overview
Median Rent
$1,800
0.0%
Median DOM
22
+29.4%
New Listings
16
Inventory
94
−4.1%
- Average Rent: $2,221
- Median Rent: $1,800
- Rent Range: $1,050 – $4,900
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,240 / 905
- Square Footage Range: 432 – 4,440
- Days on Market (Avg/Median): 43 / 22
- Days on Market Range: 1 – 326
- New Listings: 16
- Total Listings: 94
Rentals by Property Type
Apartment
$1,471
Median DOM: 59
Inventory: 49
MoM: 0.0%
Condo
$2,275
Median DOM: 34
Inventory: 7
MoM: 0.0%
Single Family
$3,250
Median DOM: 1
Inventory: 37
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,508 / $1,471Range$1,191 – $2,099Rent per Sq Ft$2 / $2Sq Ft656 / 598DOM75 / 59New3Total49
Condo
Avg/Median Rent$2,294 / $2,275Range$1,800 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,031 / 1,067DOM42 / 34New0Total7
Multi-Family
Avg/Median Rent$2,700 / $2,700Range$2,700 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,800 / 1,800DOM—New0Total1
Single Family
Avg/Median Rent$3,138 / $3,250Range$1,050 – $4,900Rent per Sq Ft$2 / $2Sq Ft2,059 / 1,950DOM8 / 1New13Total37
Rentals by Bedroom Count
Studio
Avg:$1,281Median:$1,276Range:$1,191 – $1,451PSF:$3 / $3Sq Ft:432 / 432DOM:46 / 29New:1Total:11
1 Beds
Avg:$1,458Median:$1,469Range:$1,050 – $1,790PSF:$2 / $2Sq Ft:625 / 598DOM:99 / 65New:0Total:26
2 Beds
Avg:$1,940Median:$1,800Range:$1,550 – $2,600PSF:$2 / $2Sq Ft:962 / 900DOM:48 / 40New:2Total:20
3 Beds
Avg:$2,948Median:$2,895Range:$2,370 – $3,895PSF:$2 / $2Sq Ft:1,782 / 1,610DOM:5 / 1New:7Total:21
4 Beds
Avg:$3,373Median:$3,449Range:$2,200 – $3,995PSF:$2 / $2Sq Ft:2,156 / 2,010DOM:10 / 1New:5Total:13
5 Beds
Avg:$3,850Median:$3,850Range:$3,850 – $3,850PSF:$1 / $1Sq Ft:3,100 / 3,100DOM:1 / 1New:0Total:1
6 Beds
Avg:$4,172Median:$3,445Range:$3,445 – $4,900PSF:$1 / $1Sq Ft:3,555 / 2,670DOM:33 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,281 | $1,276 | $1,191 – $1,451 | $3 / $3 | 432 / 432 | 46 / 29 | 1 | 11 |
| 1 Beds | $1,458 | $1,469 | $1,050 – $1,790 | $2 / $2 | 625 / 598 | 99 / 65 | 0 | 26 |
| 2 Beds | $1,940 | $1,800 | $1,550 – $2,600 | $2 / $2 | 962 / 900 | 48 / 40 | 2 | 20 |
| 3 Beds | $2,948 | $2,895 | $2,370 – $3,895 | $2 / $2 | 1,782 / 1,610 | 5 / 1 | 7 | 21 |
| 4 Beds | $3,373 | $3,449 | $2,200 – $3,995 | $2 / $2 | 2,156 / 2,010 | 10 / 1 | 5 | 13 |
| 5 Beds | $3,850 | $3,850 | $3,850 – $3,850 | $1 / $1 | 3,100 / 3,100 | 1 / 1 | 0 | 1 |
| 6 Beds | $4,172 | $3,445 | $3,445 – $4,900 | $1 / $1 | 3,555 / 2,670 | 33 / 1 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$639,950Median DOM:67New:19Total:129
Jan 2026
Median Price:$620,000Median DOM:61New:40Total:137
Feb 2026
Median Price:$624,950Median DOM:35New:41Total:153
Mar 2026
Median Price:$635,000Median DOM:23New:47Total:159
Apr 2026
Median Price:$649,900Median DOM:25New:75Total:184
May 2026
Median Price:$650,000Median DOM:25New:23Total:196
6-Month Rental Trend
Dec 2025
Median Rent:$1,700Median DOM:35New:26Total:99
Jan 2026
Median Rent:$1,692Median DOM:41New:29Total:97
Feb 2026
Median Rent:$1,695Median DOM:26New:38Total:101
Mar 2026
Median Rent:$2,000Median DOM:19New:35Total:101
Apr 2026
Median Rent:$1,800Median DOM:17New:36Total:98
May 2026
Median Rent:$1,800Median DOM:22New:16Total:94
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market were unchanged, signaling steady 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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