ZIP 98027 Housing Market Report
Northwest Seattle
Report period: May 2026
98027 Monthly Market Update – May 2026
ZIP 98027 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,050,000
+1.5%
Median DOM (Sales)
23
+4.5%
New Listings (Sales)
29
−56.1%
Median Rent
$2,395
0.0%
Median DOM (Rental)
21
+10.5%
Total Rental Listings
53
−11.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (10 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($2,000,000 median)
Sales Market Overview
Median Price
$1,050,000
+1.5%
Median DOM
23
+4.5%
New Listings
29
−56.1%
Inventory
208
+16.2%
- Average Price: $1,138,899
- Median Price: $1,050,000
- Price Range: $46,500 – $4,250,000
- Price per Sq Ft (Avg/Median): $539 / $512
- Square Footage (Avg/Median): 2,270 / 2,112
- Square Footage Range: 500 – 11,840
- Days on Market (Avg/Median): 45 / 23
- Days on Market Range: 1 – 321
- New Listings: 29
- Total Listings: 208
Sales by Property Type
Condo
Avg/Median Price$466,843 / $445,000Range$249,999 – $925,000Price per Sq Ft$447 / $433Sq Ft1,041 / 1,015DOM46 / 31New5Total37
Land
Avg/Median Price$395,791 / $295,000Range$70,000 – $1,500,000Price per Sq Ft—Sq Ft—DOM116 / 87New1Total17
Manufactured
Avg/Median Price$146,643 / $160,000Range$46,500 – $235,000Price per Sq Ft$147 / $108Sq Ft998 / 1,020DOM87 / 81New1Total7
Multi-Family
Avg/Median Price$1,278,492 / $998,000Range$875,000 – $2,000,000Price per Sq Ft$589 / $583Sq Ft2,192 / 1,540DOM52 / 48New0Total6
Single Family
Avg/Median Price$1,601,626 / $1,450,000Range$457,000 – $4,250,000Price per Sq Ft$583 / $535Sq Ft2,971 / 2,867DOM29 / 10New19Total108
Townhouse
Avg/Median Price$945,944 / $925,000Range$410,000 – $1,495,000Price per Sq Ft$571 / $552Sq Ft1,640 / 1,566DOM48 / 38New3Total33
Sales by Bedroom Count
1 Beds
Avg:$339,989Median:$349,950Range:$46,500 – $650,000PSF:$429 / $504Sq Ft:761 / 753DOM:79 / 66New:2Total:9
2 Beds
Avg:$611,324Median:$457,000Range:$85,000 – $4,250,000PSF:$548 / $481Sq Ft:1,061 / 1,032DOM:41 / 24New:4Total:39
3 Beds
Avg:$1,062,013Median:$1,050,000Range:$160,000 – $2,450,000PSF:$530 / $498Sq Ft:2,049 / 1,950DOM:27 / 16New:11Total:65
4 Beds
Avg:$1,741,315Median:$1,650,000Range:$699,000 – $3,950,000PSF:$566 / $555Sq Ft:3,233 / 2,980DOM:36 / 18New:7Total:55
5 Beds
Avg:$1,597,517Median:$1,195,000Range:$999,990 – $2,450,000PSF:$500 / $535Sq Ft:3,257 / 3,308DOM:61 / 50New:3Total:17
6 Beds
Avg:$1,883,323Median:$2,000,000Range:$1,100,000 – $2,200,000PSF:$596 / $554Sq Ft:3,174 / 3,016DOM:37 / 15New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $339,989 | $349,950 | $46,500 – $650,000 | $429 / $504 | 761 / 753 | 79 / 66 | 2 | 9 |
| 2 Beds | $611,324 | $457,000 | $85,000 – $4,250,000 | $548 / $481 | 1,061 / 1,032 | 41 / 24 | 4 | 39 |
| 3 Beds | $1,062,013 | $1,050,000 | $160,000 – $2,450,000 | $530 / $498 | 2,049 / 1,950 | 27 / 16 | 11 | 65 |
| 4 Beds | $1,741,315 | $1,650,000 | $699,000 – $3,950,000 | $566 / $555 | 3,233 / 2,980 | 36 / 18 | 7 | 55 |
| 5 Beds | $1,597,517 | $1,195,000 | $999,990 – $2,450,000 | $500 / $535 | 3,257 / 3,308 | 61 / 50 | 3 | 17 |
| 6 Beds | $1,883,323 | $2,000,000 | $1,100,000 – $2,200,000 | $596 / $554 | 3,174 / 3,016 | 37 / 15 | 1 | 6 |
Rental Market Overview
Median Rent
$2,395
0.0%
Median DOM
21
+10.5%
New Listings
5
Inventory
53
−11.7%
- Average Rent: $2,688
- Median Rent: $2,395
- Rent Range: $1,200 – $7,000
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 1,198 / 942
- Square Footage Range: 379 – 5,432
- Days on Market (Avg/Median): 62 / 21
- Days on Market Range: 1 – 352
- New Listings: 5
- Total Listings: 53
Rentals by Property Type
Apartment
$2,245
Median DOM: 95
Inventory: 29
MoM: 0.0%
Condo
$2,500
Median DOM: 17
Inventory: 7
MoM: 0.0%
Single Family
$3,195
Median DOM: 1
Inventory: 12
MoM: 0.0%
Townhouse
$3,200
Median DOM: 2
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$2,269 / $2,245Range$1,665 – $3,395Rent per Sq Ft$3 / $3Sq Ft895 / 912DOM123 / 95New1Total29
Condo
Avg/Median Rent$2,378 / $2,500Range$1,749 – $2,750Rent per Sq Ft$2 / $2Sq Ft983 / 1,000DOM20 / 17New1Total7
Multi-Family
Avg/Median Rent$2,450 / $1,900Range$1,900 – $3,000Rent per Sq Ft$3 / $2Sq Ft950 / 750DOM11 / 3New0Total2
Single Family
Avg/Median Rent$3,776 / $3,195Range$1,200 – $7,000Rent per Sq Ft$2 / $2Sq Ft2,048 / 1,526DOM19 / 1New2Total12
Townhouse
Avg/Median Rent$3,263 / $3,200Range$3,095 – $3,495Rent per Sq Ft$2 / $2Sq Ft1,682 / 1,446DOM19 / 2New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,996Median:$1,696Range:$1,696 – $2,295PSF:$4 / $3Sq Ft:646 / 379DOM:243 / 243New:0Total:2
1 Beds
Avg:$2,001Median:$2,090Range:$1,200 – $2,412PSF:$3 / $3Sq Ft:737 / 700DOM:48 / 48New:1Total:13
2 Beds
Avg:$2,530Median:$2,511Range:$1,665 – $3,500PSF:$2 / $2Sq Ft:1,042 / 942DOM:80 / 46New:1Total:28
3 Beds
Avg:$3,831Median:$3,195Range:$2,330 – $7,000PSF:$2 / $2Sq Ft:1,821 / 1,410DOM:24 / 7New:1Total:7
4 Beds
Avg:$4,928Median:$4,795Range:$3,495 – $6,495PSF:$2 / $1Sq Ft:3,411 / 2,450DOM:1 / 1New:2Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,996 | $1,696 | $1,696 – $2,295 | $4 / $3 | 646 / 379 | 243 / 243 | 0 | 2 |
| 1 Beds | $2,001 | $2,090 | $1,200 – $2,412 | $3 / $3 | 737 / 700 | 48 / 48 | 1 | 13 |
| 2 Beds | $2,530 | $2,511 | $1,665 – $3,500 | $2 / $2 | 1,042 / 942 | 80 / 46 | 1 | 28 |
| 3 Beds | $3,831 | $3,195 | $2,330 – $7,000 | $2 / $2 | 1,821 / 1,410 | 24 / 7 | 1 | 7 |
| 4 Beds | $4,928 | $4,795 | $3,495 – $6,495 | $2 / $1 | 3,411 / 2,450 | 1 / 1 | 2 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$1,045,000Median DOM:71New:11Total:124
Jan 2026
Median Price:$1,000,000Median DOM:62New:40Total:127
Feb 2026
Median Price:$1,050,000Median DOM:29New:42Total:132
Mar 2026
Median Price:$1,004,990Median DOM:23New:59Total:154
Apr 2026
Median Price:$1,034,990Median DOM:22New:66Total:179
May 2026
Median Price:$1,050,000Median DOM:23New:29Total:208
6-Month Rental Trend
Dec 2025
Median Rent:$2,250Median DOM:16New:21Total:56
Jan 2026
Median Rent:$2,260Median DOM:14New:21Total:64
Feb 2026
Median Rent:$2,307Median DOM:20New:23Total:65
Mar 2026
Median Rent:$2,370Median DOM:20New:17Total:69
Apr 2026
Median Rent:$2,395Median DOM:19New:11Total:60
May 2026
Median Rent:$2,395Median DOM:21New:5Total:53
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower 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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