ZIP 98031 Housing Market Report
Northwest Seattle
Report period: August 2026
98031 Monthly Market Update – August 2026
ZIP 98031 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$649,999
−0.0%
Median DOM (Sales)
44
+2.3%
New Listings (Sales)
11
−79.2%
Median Rent
$2,295
0.0%
Median DOM (Rental)
11
−8.3%
Total Rental Listings
66
+8.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (32 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,217,300 median)
Sales Market Overview
Median Price
$649,999
−0.0%
Median DOM
44
+2.3%
New Listings
11
−79.2%
Inventory
174
+1.8%
- Average Price: $633,883
- Median Price: $649,999
- Price Range: $49,900 – $1,495,000
- Price per Sq Ft (Avg/Median): $324 / $339
- Square Footage (Avg/Median): 1,933 / 1,880
- Square Footage Range: 758 – 5,290
- Days on Market (Avg/Median): 64 / 44
- Days on Market Range: 2 – 351
- New Listings: 11
- Total Listings: 174
Sales by Property Type
Condo
Avg/Median Price$322,672 / $302,950Range$235,000 – $765,000Price per Sq Ft$315 / $310Sq Ft1,036 / 896DOM60 / 47New3Total18
Land
Avg/Median Price$734,475 / $585,000Range$290,000 – $1,395,000Price per Sq Ft—Sq Ft—DOM129 / 152New0Total10
Manufactured
Avg/Median Price$190,060 / $124,000Range$49,900 – $698,500Price per Sq Ft$128 / $86Sq Ft1,408 / 1,344DOM131 / 115New0Total21
Single Family
Avg/Median Price$762,867 / $724,500Range$399,950 – $1,495,000Price per Sq Ft$362 / $351Sq Ft2,191 / 2,110DOM49 / 32New8Total115
Townhouse
Avg/Median Price$542,172 / $499,975Range$349,950 – $730,000Price per Sq Ft$326 / $323Sq Ft1,679 / 1,596DOM43 / 33New0Total10
Sales by Bedroom Count
1 Beds
Avg:$263,950Median:$263,000Range:$263,000 – $264,900PSF:$348 / $347Sq Ft:758 / 758DOM:41 / 14New:0Total:2
2 Beds
Avg:$234,766Median:$235,000Range:$49,900 – $496,000PSF:$215 / $278Sq Ft:1,150 / 1,152DOM:89 / 80New:3Total:32
3 Beds
Avg:$603,840Median:$619,000Range:$82,000 – $1,048,000PSF:$368 / $365Sq Ft:1,678 / 1,690DOM:58 / 35New:2Total:61
4 Beds
Avg:$771,885Median:$735,000Range:$549,950 – $1,250,000PSF:$337 / $342Sq Ft:2,345 / 2,190DOM:52 / 32New:2Total:45
5 Beds
Avg:$945,210Median:$889,880Range:$599,000 – $1,495,000PSF:$329 / $327Sq Ft:2,906 / 2,920DOM:48 / 18New:4Total:20
6 Beds
Avg:$1,112,433Median:$1,217,300Range:$899,000 – $1,221,000PSF:$327 / $345Sq Ft:3,387 / 3,464DOM:30 / 34New:0Total:3
7 Beds
Avg:$1,099,900Median:$1,099,900Range:$1,099,900 – $1,099,900PSF:$446 / $446Sq Ft:2,466 / 2,466DOM:31 / 31New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $263,950 | $263,000 | $263,000 – $264,900 | $348 / $347 | 758 / 758 | 41 / 14 | 0 | 2 |
| 2 Beds | $234,766 | $235,000 | $49,900 – $496,000 | $215 / $278 | 1,150 / 1,152 | 89 / 80 | 3 | 32 |
| 3 Beds | $603,840 | $619,000 | $82,000 – $1,048,000 | $368 / $365 | 1,678 / 1,690 | 58 / 35 | 2 | 61 |
| 4 Beds | $771,885 | $735,000 | $549,950 – $1,250,000 | $337 / $342 | 2,345 / 2,190 | 52 / 32 | 2 | 45 |
| 5 Beds | $945,210 | $889,880 | $599,000 – $1,495,000 | $329 / $327 | 2,906 / 2,920 | 48 / 18 | 4 | 20 |
| 6 Beds | $1,112,433 | $1,217,300 | $899,000 – $1,221,000 | $327 / $345 | 3,387 / 3,464 | 30 / 34 | 0 | 3 |
| 7 Beds | $1,099,900 | $1,099,900 | $1,099,900 – $1,099,900 | $446 / $446 | 2,466 / 2,466 | 31 / 31 | 0 | 1 |
Rental Market Overview
Median Rent
$2,295
0.0%
Median DOM
11
−8.3%
New Listings
12
Inventory
66
+8.2%
- Average Rent: $2,518
- Median Rent: $2,295
- Rent Range: $700 – $7,350
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,345 / 1,200
- Square Footage Range: 525 – 2,930
- Days on Market (Avg/Median): 51 / 11
- Days on Market Range: 1 – 364
- New Listings: 12
- Total Listings: 66
Rentals by Property Type
Apartment
$1,517
Median DOM: 60
Inventory: 28
MoM: 0.0%
Condo
$1,850
Median DOM: 1
Inventory: 4
MoM: 0.0%
Single Family
$3,200
Median DOM: 1
Inventory: 31
MoM: 0.0%
Townhouse
$3,495
Median DOM: 1
Inventory: 3
MoM: 0.0%
Apartment
Avg/Median Rent$1,662 / $1,517Range$975 – $2,845Rent per Sq Ft$2 / $2Sq Ft783 / 715DOM120 / 60New1Total28
Condo
Avg/Median Rent$1,825 / $1,850Range$1,400 – $2,150Rent per Sq Ft$2 / $2Sq Ft835 / 882DOM1 / 1New1Total4
Single Family
Avg/Median Rent$3,302 / $3,200Range$700 – $7,350Rent per Sq Ft$2 / $2Sq Ft1,910 / 1,770DOM16 / 1New7Total31
Townhouse
Avg/Median Rent$3,330 / $3,495Range$2,800 – $3,695Rent per Sq Ft$2 / $2Sq Ft1,456 / 1,332DOM1 / 1New3Total3
Rentals by Bedroom Count
1 Beds
Avg:$1,441Median:$1,475Range:$700 – $1,869PSF:$2 / $2Sq Ft:689 / 698DOM:152 / 71New:1Total:20
2 Beds
Avg:$2,017Median:$1,900Range:$1,425 – $2,845PSF:$2 / $2Sq Ft:964 / 882DOM:52 / 28New:2Total:13
3 Beds
Avg:$3,012Median:$2,995Range:$2,250 – $3,797PSF:$2 / $2Sq Ft:1,631 / 1,580DOM:14 / 1New:4Total:18
4 Beds
Avg:$3,796Median:$3,500Range:$2,995 – $7,350PSF:$2 / $2Sq Ft:2,107 / 1,980DOM:18 / 1New:5Total:15
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,441 | $1,475 | $700 – $1,869 | $2 / $2 | 689 / 698 | 152 / 71 | 1 | 20 |
| 2 Beds | $2,017 | $1,900 | $1,425 – $2,845 | $2 / $2 | 964 / 882 | 52 / 28 | 2 | 13 |
| 3 Beds | $3,012 | $2,995 | $2,250 – $3,797 | $2 / $2 | 1,631 / 1,580 | 14 / 1 | 4 | 18 |
| 4 Beds | $3,796 | $3,500 | $2,995 – $7,350 | $2 / $2 | 2,107 / 1,980 | 18 / 1 | 5 | 15 |
6-Month Sales Trend
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:$650,000Median DOM:43New:53Total:171
Aug 2026
Median Price:$649,999Median DOM:44New:11Total:174
6-Month Rental Trend
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:12New:21Total:61
Aug 2026
Median Rent:$2,295Median DOM:11New:12Total:66
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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