ZIP 98032 Housing Market Report
Northwest Seattle
Report period: May 2026
98032 Monthly Market Update – May 2026
ZIP 98032 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,000
−4.0%
Median DOM (Sales)
35
−28.6%
New Listings (Sales)
11
−59.3%
Median Rent
$1,697
+0.1%
Median DOM (Rental)
27
−3.6%
Total Rental Listings
67
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher.
What's Moving Fastest
- Fastest selling: Condo (30 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 8 Beds ($950,000 median)
Sales Market Overview
Median Price
$499,000
−4.0%
Median DOM
35
−28.6%
New Listings
11
−59.3%
Inventory
109
+0.9%
- Average Price: $532,630
- Median Price: $499,000
- Price Range: $79,999 – $1,160,000
- Price per Sq Ft (Avg/Median): $336 / $338
- Square Footage (Avg/Median): 1,600 / 1,460
- Square Footage Range: 557 – 3,900
- Days on Market (Avg/Median): 68 / 35
- Days on Market Range: 2 – 347
- New Listings: 11
- Total Listings: 109
Sales by Property Type
Condo
Avg/Median Price$406,517 / $369,000Range$247,500 – $850,000Price per Sq Ft$360 / $362Sq Ft1,149 / 1,017DOM39 / 30New6Total34
Land
Avg/Median Price$490,000 / $380,000Range$380,000 – $600,000Price per Sq Ft—Sq Ft—DOM137 / 66New0Total2
Manufactured
Avg/Median Price$125,998 / $79,999Range$79,999 – $233,995Price per Sq Ft$119 / $112Sq Ft1,022 / 784DOM52 / 44New0Total4
Multi-Family
Avg/Median Price$946,333 / $950,000Range$939,000 – $950,000Price per Sq Ft$275 / $275Sq Ft3,416 / 3,416DOM129 / 107New0Total3
Single Family
Avg/Median Price$718,814 / $699,777Range$424,950 – $1,160,000Price per Sq Ft$355 / $339Sq Ft2,136 / 1,960DOM67 / 31New3Total38
Townhouse
Avg/Median Price$449,899 / $419,000Range$294,990 – $685,000Price per Sq Ft$315 / $317Sq Ft1,436 / 1,384DOM96 / 52New2Total28
Sales by Bedroom Count
1 Beds
Avg:$297,480Median:$300,000Range:$247,500 – $335,000PSF:$398 / $381Sq Ft:752 / 801DOM:44 / 35New:0Total:5
2 Beds
Avg:$357,473Median:$370,000Range:$79,999 – $539,900PSF:$333 / $335Sq Ft:1,076 / 1,024DOM:51 / 31New:6Total:38
3 Beds
Avg:$518,434Median:$515,000Range:$342,540 – $843,950PSF:$333 / $334Sq Ft:1,570 / 1,564DOM:81 / 20New:3Total:28
4 Beds
Avg:$714,047Median:$699,777Range:$233,995 – $999,500PSF:$339 / $338Sq Ft:2,186 / 1,910DOM:73 / 60New:2Total:25
5 Beds
Avg:$858,427Median:$841,845Range:$724,950 – $1,160,000PSF:$317 / $323Sq Ft:2,740 / 2,689DOM:77 / 22New:0Total:7
6 Beds
Avg:$790,000Median:$790,000Range:$790,000 – $790,000PSF:$372 / $372Sq Ft:2,122 / 2,122DOM:18 / 18New:0Total:1
7 Beds
Avg:$939,000Median:$939,000Range:$939,000 – $939,000PSF:$275 / $275Sq Ft:3,416 / 3,416DOM:173 / 173New:0Total:1
8 Beds
Avg:$950,000Median:$950,000Range:$950,000 – $950,000PSF:—Sq Ft:—DOM:107 / 107New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $297,480 | $300,000 | $247,500 – $335,000 | $398 / $381 | 752 / 801 | 44 / 35 | 0 | 5 |
| 2 Beds | $357,473 | $370,000 | $79,999 – $539,900 | $333 / $335 | 1,076 / 1,024 | 51 / 31 | 6 | 38 |
| 3 Beds | $518,434 | $515,000 | $342,540 – $843,950 | $333 / $334 | 1,570 / 1,564 | 81 / 20 | 3 | 28 |
| 4 Beds | $714,047 | $699,777 | $233,995 – $999,500 | $339 / $338 | 2,186 / 1,910 | 73 / 60 | 2 | 25 |
| 5 Beds | $858,427 | $841,845 | $724,950 – $1,160,000 | $317 / $323 | 2,740 / 2,689 | 77 / 22 | 0 | 7 |
| 6 Beds | $790,000 | $790,000 | $790,000 – $790,000 | $372 / $372 | 2,122 / 2,122 | 18 / 18 | 0 | 1 |
| 7 Beds | $939,000 | $939,000 | $939,000 – $939,000 | $275 / $275 | 3,416 / 3,416 | 173 / 173 | 0 | 1 |
| 8 Beds | $950,000 | $950,000 | $950,000 – $950,000 | — | — | 107 / 107 | 0 | 2 |
Rental Market Overview
Median Rent
$1,697
+0.1%
Median DOM
27
−3.6%
New Listings
9
Inventory
67
0.0%
- Average Rent: $1,963
- Median Rent: $1,697
- Rent Range: $765 – $3,950
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 925 / 800
- Square Footage Range: 350 – 2,640
- Days on Market (Avg/Median): 70 / 27
- Days on Market Range: 1 – 343
- New Listings: 9
- Total Listings: 67
Rentals by Property Type
Apartment
$1,599
Median DOM: 73
Inventory: 44
MoM: +0.1%
Condo
$2,200
Median DOM: 15
Inventory: 4
MoM: +0.1%
Single Family
$2,999
Median DOM: 1
Inventory: 17
MoM: +0.1%
Townhouse
$950
Median DOM: 31
Inventory: 1
MoM: +0.1%
Apartment
Avg/Median Rent$1,631 / $1,599Range$1,010 – $3,395Rent per Sq Ft$2 / $2Sq Ft717 / 689DOM128 / 73New1Total44
Condo
Avg/Median Rent$2,300 / $2,200Range$1,550 – $2,900Rent per Sq Ft$2 / $2Sq Ft916 / 960DOM33 / 15New1Total4
Multi-Family
Avg/Median Rent$2,795 / $2,795Range$2,795 – $2,795Rent per Sq Ft$2 / $2Sq Ft1,350 / 1,350DOM25 / 25New0Total1
Single Family
Avg/Median Rent$2,752 / $2,999Range$765 – $3,950Rent per Sq Ft$2 / $2Sq Ft1,462 / 1,250DOM16 / 1New7Total17
Townhouse
Avg/Median Rent$950 / $950Range$950 – $950Rent per Sq Ft—Sq Ft—DOM31 / 31New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,540Median:$1,550Range:$1,395 – $1,655PSF:$3 / $3Sq Ft:503 / 478DOM:82 / 73New:0Total:8
1 Beds
Avg:$1,465Median:$1,478Range:$765 – $1,901PSF:$2 / $3Sq Ft:629 / 636DOM:96 / 70New:1Total:24
2 Beds
Avg:$1,829Median:$1,750Range:$1,490 – $2,550PSF:$2 / $2Sq Ft:885 / 875DOM:88 / 39New:3Total:17
3 Beds
Avg:$2,801Median:$2,795Range:$2,000 – $3,395PSF:$2 / $2Sq Ft:1,321 / 1,250DOM:50 / 1New:4Total:14
4 Beds
Avg:$3,248Median:$3,200Range:$3,200 – $3,345PSF:$2 / $2Sq Ft:2,072 / 2,102DOM:7 / 10New:0Total:3
5 Beds
Avg:$3,950Median:$3,950Range:$3,950 – $3,950PSF:$2 / $2Sq Ft:2,640 / 2,640DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,540 | $1,550 | $1,395 – $1,655 | $3 / $3 | 503 / 478 | 82 / 73 | 0 | 8 |
| 1 Beds | $1,465 | $1,478 | $765 – $1,901 | $2 / $3 | 629 / 636 | 96 / 70 | 1 | 24 |
| 2 Beds | $1,829 | $1,750 | $1,490 – $2,550 | $2 / $2 | 885 / 875 | 88 / 39 | 3 | 17 |
| 3 Beds | $2,801 | $2,795 | $2,000 – $3,395 | $2 / $2 | 1,321 / 1,250 | 50 / 1 | 4 | 14 |
| 4 Beds | $3,248 | $3,200 | $3,200 – $3,345 | $2 / $2 | 2,072 / 2,102 | 7 / 10 | 0 | 3 |
| 5 Beds | $3,950 | $3,950 | $3,950 – $3,950 | $2 / $2 | 2,640 / 2,640 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$499,000Median DOM:80New:11Total:87
Jan 2026
Median Price:$525,000Median DOM:78New:18Total:80
Feb 2026
Median Price:$499,000Median DOM:43New:27Total:91
Mar 2026
Median Price:$520,000Median DOM:31New:33Total:105
Apr 2026
Median Price:$520,000Median DOM:49New:27Total:108
May 2026
Median Price:$499,000Median DOM:35New:11Total:109
6-Month Rental Trend
Dec 2025
Median Rent:$1,710Median DOM:57New:13Total:67
Jan 2026
Median Rent:$1,850Median DOM:27New:20Total:74
Feb 2026
Median Rent:$1,725Median DOM:26New:15Total:73
Mar 2026
Median Rent:$1,700Median DOM:30New:11Total:69
Apr 2026
Median Rent:$1,695Median DOM:28New:15Total:67
May 2026
Median Rent:$1,697Median DOM:27New:9Total:67
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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