ZIP 98031 Housing Market Report
Northwest Seattle
Report period: May 2026
98031 Monthly Market Update – May 2026
ZIP 98031 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$665,000
0.0%
Median DOM (Sales)
25
−3.8%
New Listings (Sales)
16
−68.6%
Median Rent
$2,100
0.0%
Median DOM (Rental)
12
−14.3%
Total Rental Listings
57
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Single Family (19 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($1,150,000 median)
Sales Market Overview
Median Price
$665,000
0.0%
Median DOM
25
−3.8%
New Listings
16
−68.6%
Inventory
159
+6.0%
- Average Price: $622,454
- Median Price: $665,000
- Price Range: $49,900 – $1,299,000
- Price per Sq Ft (Avg/Median): $331 / $343
- Square Footage (Avg/Median): 1,887 / 1,892
- Square Footage Range: 644 – 3,772
- Days on Market (Avg/Median): 51 / 25
- Days on Market Range: 3 – 330
- New Listings: 16
- Total Listings: 159
Sales by Property Type
Condo
Avg/Median Price$351,760 / $299,950Range$175,000 – $775,000Price per Sq Ft$306 / $310Sq Ft1,150 / 1,032DOM63 / 41New2Total15
Land
Avg/Median Price$564,875 / $425,000Range$70,000 – $1,200,000Price per Sq Ft—Sq Ft—DOM141 / 104New0Total8
Manufactured
Avg/Median Price$173,871 / $128,000Range$49,900 – $725,000Price per Sq Ft$119 / $95Sq Ft1,405 / 1,344DOM89 / 67New0Total21
Multi-Family
Avg/Median Price$1,150,000 / $1,150,000Range$1,150,000 – $1,150,000Price per Sq Ft$398 / $398Sq Ft2,891 / 2,891DOM67 / 67New0Total1
Single Family
Avg/Median Price$746,352 / $699,000Range$459,995 – $1,299,000Price per Sq Ft$375 / $364Sq Ft2,068 / 2,020DOM38 / 19New14Total110
Townhouse
Avg/Median Price$568,706 / $499,950Range$495,000 – $779,900Price per Sq Ft$298 / $264Sq Ft1,933 / 1,892DOM60 / 32New0Total4
Sales by Bedroom Count
1 Beds
Avg:$220,000Median:$175,000Range:$175,000 – $265,000PSF:$308 / $272Sq Ft:707 / 644DOM:61 / 47New:0Total:2
2 Beds
Avg:$223,866Median:$150,000Range:$49,900 – $495,000PSF:$210 / $112Sq Ft:1,137 / 1,032DOM:59 / 41New:1Total:22
3 Beds
Avg:$589,923Median:$625,000Range:$75,000 – $1,048,000PSF:$368 / $376Sq Ft:1,633 / 1,540DOM:43 / 19New:9Total:63
4 Beds
Avg:$771,795Median:$737,500Range:$575,000 – $1,199,950PSF:$340 / $341Sq Ft:2,285 / 2,192DOM:41 / 24New:5Total:45
5 Beds
Avg:$904,719Median:$869,950Range:$615,000 – $1,299,000PSF:$321 / $336Sq Ft:2,839 / 2,920DOM:71 / 46New:1Total:17
6 Beds
Avg:$660,000Median:$660,000Range:$660,000 – $660,000PSF:$398 / $398Sq Ft:1,660 / 1,660DOM:12 / 12New:0Total:1
8 Beds
Avg:$1,150,000Median:$1,150,000Range:$1,150,000 – $1,150,000PSF:$398 / $398Sq Ft:2,891 / 2,891DOM:67 / 67New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $220,000 | $175,000 | $175,000 – $265,000 | $308 / $272 | 707 / 644 | 61 / 47 | 0 | 2 |
| 2 Beds | $223,866 | $150,000 | $49,900 – $495,000 | $210 / $112 | 1,137 / 1,032 | 59 / 41 | 1 | 22 |
| 3 Beds | $589,923 | $625,000 | $75,000 – $1,048,000 | $368 / $376 | 1,633 / 1,540 | 43 / 19 | 9 | 63 |
| 4 Beds | $771,795 | $737,500 | $575,000 – $1,199,950 | $340 / $341 | 2,285 / 2,192 | 41 / 24 | 5 | 45 |
| 5 Beds | $904,719 | $869,950 | $615,000 – $1,299,000 | $321 / $336 | 2,839 / 2,920 | 71 / 46 | 1 | 17 |
| 6 Beds | $660,000 | $660,000 | $660,000 – $660,000 | $398 / $398 | 1,660 / 1,660 | 12 / 12 | 0 | 1 |
| 8 Beds | $1,150,000 | $1,150,000 | $1,150,000 – $1,150,000 | $398 / $398 | 2,891 / 2,891 | 67 / 67 | 0 | 1 |
Rental Market Overview
Median Rent
$2,100
0.0%
Median DOM
12
−14.3%
New Listings
10
Inventory
57
0.0%
- Average Rent: $2,284
- Median Rent: $2,100
- Rent Range: $700 – $3,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,267 / 1,180
- Square Footage Range: 324 – 3,140
- Days on Market (Avg/Median): 79 / 12
- Days on Market Range: 1 – 363
- New Listings: 10
- Total Listings: 57
Rentals by Property Type
Apartment
$1,495
Median DOM: 119
Inventory: 29
MoM: 0.0%
Condo
$1,850
Median DOM: 1
Inventory: 2
MoM: 0.0%
Single Family
$3,095
Median DOM: 3
Inventory: 26
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,630 / $1,495Range$700 – $2,845Rent per Sq Ft$2 / $2Sq Ft779 / 705DOM159 / 119New2Total29
Condo
Avg/Median Rent$1,975 / $1,850Range$1,850 – $2,100Rent per Sq Ft$2 / $2Sq Ft882 / 882DOM1 / 1New1Total2
Single Family
Avg/Median Rent$3,039 / $3,095Range$700 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,853 / 1,770DOM20 / 3New7Total26
Rentals by Bedroom Count
1 Beds
Avg:$1,385Median:$1,464Range:$700 – $1,795PSF:$2 / $2Sq Ft:658 / 687DOM:203 / 271New:1Total:21
2 Beds
Avg:$2,027Median:$1,875Range:$1,360 – $2,845PSF:$2 / $2Sq Ft:1,047 / 1,048DOM:75 / 61New:1Total:12
3 Beds
Avg:$2,883Median:$2,980Range:$2,300 – $3,295PSF:$2 / $2Sq Ft:1,508 / 1,420DOM:8 / 2New:4Total:11
4 Beds
Avg:$3,381Median:$3,320Range:$2,995 – $3,995PSF:$2 / $2Sq Ft:2,030 / 1,914DOM:8 / 3New:4Total:11
5 Beds
Avg:$3,900Median:$3,900Range:$3,900 – $3,900PSF:$2 / $2Sq Ft:2,598 / 2,598DOM:9 / 9New:0Total:1
6 Beds
Avg:$3,995Median:$3,995Range:$3,995 – $3,995PSF:$1 / $1Sq Ft:3,140 / 3,140DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,385 | $1,464 | $700 – $1,795 | $2 / $2 | 658 / 687 | 203 / 271 | 1 | 21 |
| 2 Beds | $2,027 | $1,875 | $1,360 – $2,845 | $2 / $2 | 1,047 / 1,048 | 75 / 61 | 1 | 12 |
| 3 Beds | $2,883 | $2,980 | $2,300 – $3,295 | $2 / $2 | 1,508 / 1,420 | 8 / 2 | 4 | 11 |
| 4 Beds | $3,381 | $3,320 | $2,995 – $3,995 | $2 / $2 | 2,030 / 1,914 | 8 / 3 | 4 | 11 |
| 5 Beds | $3,900 | $3,900 | $3,900 – $3,900 | $2 / $2 | 2,598 / 2,598 | 9 / 9 | 0 | 1 |
| 6 Beds | $3,995 | $3,995 | $3,995 – $3,995 | $1 / $1 | 3,140 / 3,140 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$659,999Median DOM:55New:11Total:111
Jan 2026
Median Price:$635,000Median DOM:42New:36Total:99
Feb 2026
Median Price:$619,950Median DOM:32New:31Total:112
Mar 2026
Median Price:$665,000Median DOM:33New:42Total:126
Apr 2026
Median Price:$665,000Median DOM:26New:51Total:150
May 2026
Median Price:$665,000Median DOM:25New:16Total:159
6-Month Rental Trend
Dec 2025
Median Rent:$1,966Median DOM:38New:18Total:67
Jan 2026
Median Rent:$2,495Median DOM:7New:25Total:57
Feb 2026
Median Rent:$2,650Median DOM:1New:18Total:56
Mar 2026
Median Rent:$2,129Median DOM:12New:21Total:59
Apr 2026
Median Rent:$2,100Median DOM:14New:18Total:57
May 2026
Median Rent:$2,100Median DOM:12New:10Total:57
Key Market Takeaways
Median sale prices held steady 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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