ZIP 98024 Housing Market Report

Northwest Seattle

Report period: May 2026

98024 Monthly Market Update – May 2026

ZIP 98024 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$1,295,000
+23.3%
Median DOM (Sales)
17
−22.7%
New Listings (Sales)
4
−71.4%
Median Rent
$2,050
0.0%
Median DOM (Rental)
29
+20.8%
Total Rental Listings
2
0.0%

Month-over-Month Movement

Median sale prices moved higher. Days on market improved. Rents were stable.

What's Moving Fastest

  • Fastest selling: Manufactured (4 DOM)
  • Fastest renting: Multi-Family (29 DOM)
  • Strongest bedroom: Studio ($5,400,000 median)

Sales Market Overview

Median Price
$1,295,000
+23.3%
Median DOM
17
−22.7%
New Listings
4
−71.4%
Inventory
33
+10.0%
  • Average Price: $1,855,521
  • Median Price: $1,295,000
  • Price Range: $150,000 – $7,900,000
  • Price per Sq Ft (Avg/Median): $691 / $563
  • Square Footage (Avg/Median): 3,127 / 2,750
  • Square Footage Range: 780 – 9,140
  • Days on Market (Avg/Median): 40 / 17
  • Days on Market Range: 3 – 300
  • New Listings: 4
  • Total Listings: 33

Sales by Property Type

Land
Avg/Median Price$296,333 / $199,000Range$150,000 – $540,000Price per Sq FtSq FtDOM66 / 52New0Total3
Manufactured
Avg/Median Price$549,000 / $549,000Range$549,000 – $549,000Price per Sq Ft$440 / $440Sq Ft1,248 / 1,248DOM4 / 4New0Total1
Single Family
Avg/Median Price$2,061,869 / $1,588,800Range$587,500 – $7,900,000Price per Sq Ft$700 / $565Sq Ft3,192 / 2,810DOM39 / 17New4Total29

Sales by Bedroom Count

Studio
Avg:$5,400,000Median:$5,400,000Range:$5,400,000 – $5,400,000PSF:$3,857 / $3,857Sq Ft:1,400 / 1,400DOM:300 / 300New:0Total:1
2 Beds
Avg:$686,612Median:$587,500Range:$549,000 – $985,000PSF:$542 / $456Sq Ft:1,347 / 1,200DOM:9 / 4New:1Total:4
3 Beds
Avg:$1,590,614Median:$1,290,000Range:$740,000 – $4,750,000PSF:$610 / $591Sq Ft:2,514 / 2,690DOM:25 / 17New:1Total:11
4 Beds
Avg:$1,805,889Median:$1,750,000Range:$720,000 – $2,985,000PSF:$524 / $563Sq Ft:3,360 / 3,552DOM:40 / 8New:1Total:9
5 Beds
Avg:$4,226,750Median:$3,477,000Range:$2,035,000 – $7,900,000PSF:$749 / $595Sq Ft:5,895 / 3,709DOM:34 / 33New:1Total:4
6 Beds
Avg:$1,540,000Median:$1,540,000Range:$1,540,000 – $1,540,000PSF:$278 / $278Sq Ft:5,545 / 5,545DOM:11 / 11New:0Total:1

Rental Market Overview

Median Rent
$2,050
0.0%
Median DOM
29
+20.8%
New Listings
0
Inventory
2
0.0%
  • Average Rent: $2,475
  • Median Rent: $2,050
  • Rent Range: $2,050 – $2,900
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 823 / 700
  • Square Footage Range: 700 – 946
  • Days on Market (Avg/Median): 162 / 29
  • Days on Market Range: 29 – 294
  • New Listings: 0
  • Total Listings: 2

Rentals by Property Type

Apartment
Median DOM:
Inventory:
MoM: 0.0%
Condo
Median DOM:
Inventory:
MoM: 0.0%
Single Family
$2,900
Median DOM: 294
Inventory: 1
MoM: 0.0%
Townhouse
Median DOM:
Inventory:
MoM: 0.0%
Multi-Family
Avg/Median Rent$2,050 / $2,050Range$2,050 – $2,050Rent per Sq Ft$3 / $3Sq Ft700 / 700DOM29 / 29New0Total1
Single Family
Avg/Median Rent$2,900 / $2,900Range$2,900 – $2,900Rent per Sq Ft$3 / $3Sq Ft946 / 946DOM294 / 294New0Total1

Rentals by Bedroom Count

1 Beds
Avg:$2,050Median:$2,050Range:$2,050 – $2,050PSF:$3 / $3Sq Ft:700 / 700DOM:29 / 29New:0Total:1
2 Beds
Avg:$2,900Median:$2,900Range:$2,900 – $2,900PSF:$3 / $3Sq Ft:946 / 946DOM:294 / 294New:0Total:1

6-Month Sales Trend

Dec 2025
Median Price:$1,395,000Median DOM:76New:2Total:24
Jan 2026
Median Price:$1,195,000Median DOM:78New:5Total:21
Feb 2026
Median Price:$869,000Median DOM:39New:5Total:20
Mar 2026
Median Price:$1,160,000Median DOM:33New:8Total:20
Apr 2026
Median Price:$1,050,000Median DOM:22New:14Total:30
May 2026
Median Price:$1,295,000Median DOM:17New:4Total:33

6-Month Rental Trend

Dec 2025
Median Rent:$2,800Median DOM:203New:0Total:1
Jan 2026
Median Rent:$2,800Median DOM:234New:0Total:1
Feb 2026
Median Rent:$2,800Median DOM:262New:0Total:1
Mar 2026
Median Rent:$2,900Median DOM:293New:0Total:1
Apr 2026
Median Rent:$2,050Median DOM:24New:1Total:2
May 2026
Median Rent:$2,050Median DOM:29New:0Total:2

Key Market Takeaways

Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory was flat.

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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