ZIP 98023 Housing Market Report
Northwest Seattle
Report period: August 2026
98023 Monthly Market Update – August 2026
ZIP 98023 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$630,000
+0.0%
Median DOM (Sales)
35
−5.4%
New Listings (Sales)
15
−79.5%
Median Rent
$1,700
−2.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
124
+6.9%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (11 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($1,049,000 median)
Sales Market Overview
Median Price
$630,000
+0.0%
Median DOM
35
−5.4%
New Listings
15
−79.5%
Inventory
264
+6.0%
- Average Price: $689,648
- Median Price: $630,000
- Price Range: $69,000 – $3,098,000
- Price per Sq Ft (Avg/Median): $335 / $324
- Square Footage (Avg/Median): 2,177 / 2,060
- Square Footage Range: 579 – 7,100
- Days on Market (Avg/Median): 54 / 35
- Days on Market Range: 2 – 362
- New Listings: 15
- Total Listings: 264
Sales by Property Type
Condo
Avg/Median Price$290,481 / $284,900Range$170,000 – $598,000Price per Sq Ft$297 / $304Sq Ft1,002 / 991DOM66 / 59New2Total29
Land
Avg/Median Price$279,833 / $324,000Range$75,000 – $450,000Price per Sq Ft—Sq Ft—DOM154 / 144New0Total12
Manufactured
Avg/Median Price$390,600 / $485,000Range$69,000 – $519,999Price per Sq Ft$291 / $326Sq Ft1,258 / 1,440DOM33 / 32New0Total5
Single Family
Avg/Median Price$779,453 / $679,999Range$300,000 – $3,098,000Price per Sq Ft$342 / $329Sq Ft2,372 / 2,230DOM47 / 32New13Total214
Townhouse
Avg/Median Price$382,249 / $340,000Range$279,000 – $550,000Price per Sq Ft$274 / $280Sq Ft1,380 / 1,202DOM42 / 11New0Total4
Sales by Bedroom Count
1 Beds
Avg:$240,725Median:$232,500Range:$170,000 – $299,950PSF:$347 / $352Sq Ft:691 / 678DOM:52 / 32New:0Total:8
2 Beds
Avg:$415,700Median:$315,000Range:$180,000 – $1,297,000PSF:$331 / $306Sq Ft:1,210 / 1,184DOM:58 / 35New:2Total:30
3 Beds
Avg:$579,183Median:$559,900Range:$69,000 – $1,299,000PSF:$371 / $363Sq Ft:1,609 / 1,490DOM:41 / 21New:5Total:71
4 Beds
Avg:$808,603Median:$699,000Range:$499,950 – $2,250,000PSF:$320 / $298Sq Ft:2,563 / 2,428DOM:49 / 39New:7Total:102
5 Beds
Avg:$959,711Median:$919,000Range:$499,000 – $3,098,000PSF:$309 / $305Sq Ft:3,095 / 2,964DOM:55 / 37New:1Total:35
6 Beds
Avg:$1,187,133Median:$1,049,000Range:$699,900 – $1,725,000PSF:$310 / $279Sq Ft:3,785 / 4,020DOM:64 / 74New:0Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $240,725 | $232,500 | $170,000 – $299,950 | $347 / $352 | 691 / 678 | 52 / 32 | 0 | 8 |
| 2 Beds | $415,700 | $315,000 | $180,000 – $1,297,000 | $331 / $306 | 1,210 / 1,184 | 58 / 35 | 2 | 30 |
| 3 Beds | $579,183 | $559,900 | $69,000 – $1,299,000 | $371 / $363 | 1,609 / 1,490 | 41 / 21 | 5 | 71 |
| 4 Beds | $808,603 | $699,000 | $499,950 – $2,250,000 | $320 / $298 | 2,563 / 2,428 | 49 / 39 | 7 | 102 |
| 5 Beds | $959,711 | $919,000 | $499,000 – $3,098,000 | $309 / $305 | 3,095 / 2,964 | 55 / 37 | 1 | 35 |
| 6 Beds | $1,187,133 | $1,049,000 | $699,900 – $1,725,000 | $310 / $279 | 3,785 / 4,020 | 64 / 74 | 0 | 6 |
Rental Market Overview
Median Rent
$1,700
−2.9%
Median DOM
1
0.0%
New Listings
48
Inventory
124
+6.9%
- Average Rent: $2,050
- Median Rent: $1,700
- Rent Range: $1,000 – $4,750
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,086 / 875
- Square Footage Range: 432 – 2,945
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 161
- New Listings: 48
- Total Listings: 124
Rentals by Property Type
Apartment
$1,571
Median DOM: 1
Inventory: 82
MoM: −2.9%
Condo
$1,950
Median DOM: 54
Inventory: 8
MoM: −2.9%
Single Family
$3,145
Median DOM: 1
Inventory: 32
MoM: −2.9%
Townhouse
$2,295
Median DOM: 1
Inventory: 1
MoM: −2.9%
Apartment
Avg/Median Rent$1,640 / $1,571Range$1,275 – $2,394Rent per Sq Ft$2 / $2Sq Ft775 / 710DOM26 / 1New36Total82
Condo
Avg/Median Rent$2,078 / $1,950Range$1,695 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,007 / 997DOM45 / 54New2Total8
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$3,064 / $3,145Range$1,000 – $4,750Rent per Sq Ft$2 / $2Sq Ft1,929 / 1,930DOM11 / 1New9Total32
Townhouse
Avg/Median Rent$2,295 / $2,295Range$2,295 – $2,295Rent per Sq Ft$2 / $2Sq Ft1,242 / 1,242DOM1 / 1New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,300Median:$1,300Range:$1,300 – $1,300PSF:$3 / $3Sq Ft:432 / 432DOM:59 / 27New:0Total:2
1 Beds
Avg:$1,451Median:$1,465Range:$1,000 – $1,800PSF:$2 / $2Sq Ft:653 / 598DOM:41 / 21New:15Total:48
2 Beds
Avg:$1,851Median:$1,800Range:$1,550 – $2,300PSF:$2 / $2Sq Ft:939 / 875DOM:13 / 1New:16Total:33
3 Beds
Avg:$2,696Median:$2,750Range:$1,700 – $3,600PSF:$2 / $2Sq Ft:1,462 / 1,150DOM:8 / 1New:14Total:25
4 Beds
Avg:$3,341Median:$3,500Range:$1,500 – $4,750PSF:$2 / $2Sq Ft:2,180 / 2,070DOM:10 / 1New:3Total:16
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,300 | $1,300 | $1,300 – $1,300 | $3 / $3 | 432 / 432 | 59 / 27 | 0 | 2 |
| 1 Beds | $1,451 | $1,465 | $1,000 – $1,800 | $2 / $2 | 653 / 598 | 41 / 21 | 15 | 48 |
| 2 Beds | $1,851 | $1,800 | $1,550 – $2,300 | $2 / $2 | 939 / 875 | 13 / 1 | 16 | 33 |
| 3 Beds | $2,696 | $2,750 | $1,700 – $3,600 | $2 / $2 | 1,462 / 1,150 | 8 / 1 | 14 | 25 |
| 4 Beds | $3,341 | $3,500 | $1,500 – $4,750 | $2 / $2 | 2,180 / 2,070 | 10 / 1 | 3 | 16 |
6-Month Sales Trend
Mar 2026
Median Price:$635,000Median DOM:23New:47Total:159
Apr 2026
Median Price:$649,900Median DOM:25New:75Total:184
May 2026
Median Price:$645,000Median DOM:26New:69Total:218
Jun 2026
Median Price:$625,000Median DOM:33New:73Total:242
Jul 2026
Median Price:$629,900Median DOM:37New:73Total:249
Aug 2026
Median Price:$630,000Median DOM:35New:15Total:264
6-Month Rental Trend
Mar 2026
Median Rent:$2,000Median DOM:19New:35Total:101
Apr 2026
Median Rent:$1,800Median DOM:17New:36Total:98
May 2026
Median Rent:$1,848Median DOM:5New:48Total:113
Jun 2026
Median Rent:$1,848Median DOM:6New:50Total:109
Jul 2026
Median Rent:$1,750Median DOM:1New:54Total:116
Aug 2026
Median Rent:$1,700Median DOM:1New:48Total:124
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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