ZIP 98031 Housing Market Report
Northwest Seattle
Report period: July 2026
98031 Monthly Market Update – July 2026
ZIP 98031 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$649,000
0.0%
Median DOM (Sales)
36
+16.1%
New Listings (Sales)
17
−58.5%
Median Rent
$2,295
+2.0%
Median DOM (Rental)
3
−40.0%
Total Rental Listings
61
+5.2%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (17 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,217,300 median)
Sales Market Overview
Median Price
$649,000
0.0%
Median DOM
36
+16.1%
New Listings
17
−58.5%
Inventory
169
+1.2%
- Average Price: $622,309
- Median Price: $649,000
- Price Range: $49,900 – $1,299,000
- Price per Sq Ft (Avg/Median): $329 / $342
- Square Footage (Avg/Median): 1,885 / 1,850
- Square Footage Range: 758 – 4,800
- Days on Market (Avg/Median): 56 / 36
- Days on Market Range: 1 – 321
- New Listings: 17
- Total Listings: 169
Sales by Property Type
Condo
Avg/Median Price$359,417 / $314,000Range$264,900 – $765,000Price per Sq Ft$323 / $320Sq Ft1,132 / 1,024DOM69 / 65New0Total15
Land
Avg/Median Price$643,725 / $499,900Range$290,000 – $1,200,000Price per Sq Ft—Sq Ft—DOM138 / 157New0Total8
Manufactured
Avg/Median Price$190,613 / $125,000Range$49,900 – $775,000Price per Sq Ft$126 / $84Sq Ft1,437 / 1,344DOM107 / 112New1Total23
Single Family
Avg/Median Price$749,529 / $699,950Range$399,950 – $1,299,000Price per Sq Ft$372 / $352Sq Ft2,091 / 2,080DOM42 / 28New14Total114
Townhouse
Avg/Median Price$533,203 / $500,000Range$349,950 – $730,000Price per Sq Ft$320 / $323Sq Ft1,681 / 1,650DOM24 / 17New2Total9
Sales by Bedroom Count
1 Beds
Avg:$265,967Median:$265,000Range:$264,900 – $268,000PSF:$349 / $349Sq Ft:762 / 758DOM:52 / 37New:0Total:3
2 Beds
Avg:$232,932Median:$189,000Range:$49,900 – $496,000PSF:$204 / $130Sq Ft:1,196 / 1,234DOM:82 / 74New:0Total:28
3 Beds
Avg:$607,861Median:$625,000Range:$69,900 – $1,140,000PSF:$372 / $372Sq Ft:1,672 / 1,690DOM:53 / 35New:6Total:65
4 Beds
Avg:$759,436Median:$730,000Range:$488,500 – $1,250,000PSF:$338 / $344Sq Ft:2,297 / 2,170DOM:37 / 16New:6Total:47
5 Beds
Avg:$929,198Median:$869,950Range:$649,000 – $1,299,000PSF:$339 / $338Sq Ft:2,746 / 2,680DOM:59 / 43New:2Total:14
6 Beds
Avg:$1,129,100Median:$1,217,300Range:$949,000 – $1,221,000PSF:$332 / $345Sq Ft:3,387 / 3,464DOM:15 / 8New:2Total:3
7 Beds
Avg:$1,099,900Median:$1,099,900Range:$1,099,900 – $1,099,900PSF:$446 / $446Sq Ft:2,466 / 2,466DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $265,967 | $265,000 | $264,900 – $268,000 | $349 / $349 | 762 / 758 | 52 / 37 | 0 | 3 |
| 2 Beds | $232,932 | $189,000 | $49,900 – $496,000 | $204 / $130 | 1,196 / 1,234 | 82 / 74 | 0 | 28 |
| 3 Beds | $607,861 | $625,000 | $69,900 – $1,140,000 | $372 / $372 | 1,672 / 1,690 | 53 / 35 | 6 | 65 |
| 4 Beds | $759,436 | $730,000 | $488,500 – $1,250,000 | $338 / $344 | 2,297 / 2,170 | 37 / 16 | 6 | 47 |
| 5 Beds | $929,198 | $869,950 | $649,000 – $1,299,000 | $339 / $338 | 2,746 / 2,680 | 59 / 43 | 2 | 14 |
| 6 Beds | $1,129,100 | $1,217,300 | $949,000 – $1,221,000 | $332 / $345 | 3,387 / 3,464 | 15 / 8 | 2 | 3 |
| 7 Beds | $1,099,900 | $1,099,900 | $1,099,900 – $1,099,900 | $446 / $446 | 2,466 / 2,466 | 1 / 1 | 1 | 1 |
Rental Market Overview
Median Rent
$2,295
+2.0%
Median DOM
3
−40.0%
New Listings
11
Inventory
61
+5.2%
- Average Rent: $2,426
- Median Rent: $2,295
- Rent Range: $800 – $4,145
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,297 / 1,200
- Square Footage Range: 520 – 2,930
- Days on Market (Avg/Median): 57 / 3
- Days on Market Range: 1 – 347
- New Listings: 11
- Total Listings: 61
Rentals by Property Type
Apartment
$1,507
Median DOM: 122
Inventory: 25
MoM: +2.0%
Condo
$2,000
Median DOM: 1
Inventory: 3
MoM: +2.0%
Single Family
$3,095
Median DOM: 1
Inventory: 31
MoM: +2.0%
Townhouse
$3,495
Median DOM: 1
Inventory: 2
MoM: +2.0%
Apartment
Avg/Median Rent$1,660 / $1,507Range$1,225 – $2,845Rent per Sq Ft$2 / $2Sq Ft765 / 705DOM152 / 122New0Total25
Condo
Avg/Median Rent$1,850 / $2,000Range$1,400 – $2,150Rent per Sq Ft$2 / $2Sq Ft835 / 882DOM1 / 1New1Total3
Single Family
Avg/Median Rent$3,023 / $3,095Range$800 – $4,145Rent per Sq Ft$2 / $2Sq Ft1,787 / 1,714DOM14 / 1New8Total31
Townhouse
Avg/Median Rent$3,595 / $3,495Range$3,495 – $3,695Rent per Sq Ft$2 / $2Sq Ft1,518 / 1,322DOM1 / 1New2Total2
Rentals by Bedroom Count
Studio
Avg:$800Median:$800Range:$800 – $800PSF:—Sq Ft:—DOM:12 / 12New:0Total:1
1 Beds
Avg:$1,502Median:$1,495Range:$1,225 – $1,795PSF:$2 / $2Sq Ft:688 / 700DOM:213 / 334New:0Total:18
2 Beds
Avg:$1,969Median:$2,000Range:$1,395 – $2,845PSF:$2 / $2Sq Ft:912 / 844DOM:62 / 25New:1Total:9
3 Beds
Avg:$2,835Median:$2,995Range:$1,525 – $3,695PSF:$2 / $2Sq Ft:1,495 / 1,420DOM:12 / 1New:7Total:19
4 Beds
Avg:$3,467Median:$3,450Range:$2,995 – $4,145PSF:$2 / $2Sq Ft:2,060 / 1,900DOM:17 / 2New:3Total:14
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $800 | $800 | $800 – $800 | — | — | 12 / 12 | 0 | 1 |
| 1 Beds | $1,502 | $1,495 | $1,225 – $1,795 | $2 / $2 | 688 / 700 | 213 / 334 | 0 | 18 |
| 2 Beds | $1,969 | $2,000 | $1,395 – $2,845 | $2 / $2 | 912 / 844 | 62 / 25 | 1 | 9 |
| 3 Beds | $2,835 | $2,995 | $1,525 – $3,695 | $2 / $2 | 1,495 / 1,420 | 12 / 1 | 7 | 19 |
| 4 Beds | $3,467 | $3,450 | $2,995 – $4,145 | $2 / $2 | 2,060 / 1,900 | 17 / 2 | 3 | 14 |
6-Month Sales Trend
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:$655,000Median DOM:25New:51Total:168
Jun 2026
Median Price:$649,000Median DOM:31New:41Total:167
Jul 2026
Median Price:$649,000Median DOM:36New:17Total:169
6-Month Rental Trend
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:$2,200Median DOM:8New:22Total:63
Jun 2026
Median Rent:$2,250Median DOM:5New:19Total:58
Jul 2026
Median Rent:$2,295Median DOM:3New:11Total:61
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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