ZIP 98037 Housing Market Report
Northwest Seattle
Report period: May 2026
98037 Monthly Market Update – May 2026
ZIP 98037 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$735,000
0.0%
Median DOM (Sales)
26
−3.7%
New Listings (Sales)
12
−76.9%
Median Rent
$2,100
+7.1%
Median DOM (Rental)
4
0.0%
Total Rental Listings
83
+10.7%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (16 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,125,000 median)
Sales Market Overview
Median Price
$735,000
0.0%
Median DOM
26
−3.7%
New Listings
12
−76.9%
Inventory
141
+6.0%
- Average Price: $719,301
- Median Price: $735,000
- Price Range: $8,500 – $2,500,000
- Price per Sq Ft (Avg/Median): $390 / $393
- Square Footage (Avg/Median): 1,815 / 1,756
- Square Footage Range: 728 – 3,995
- Days on Market (Avg/Median): 44 / 26
- Days on Market Range: 1 – 340
- New Listings: 12
- Total Listings: 141
Sales by Property Type
Condo
Avg/Median Price$582,050 / $374,950Range$235,000 – $999,950Price per Sq Ft$367 / $378Sq Ft1,533 / 1,066DOM51 / 38New2Total13
Land
Avg/Median Price$608,333 / $600,000Range$475,000 – $750,000Price per Sq Ft—Sq Ft—DOM59 / 35New0Total3
Manufactured
Avg/Median Price$117,305 / $99,000Range$8,500 – $275,000Price per Sq Ft$111 / $115Sq Ft1,031 / 960DOM83 / 31New0Total18
Single Family
Avg/Median Price$898,595 / $805,000Range$578,000 – $2,500,000Price per Sq Ft$457 / $422Sq Ft2,069 / 1,936DOM30 / 16New9Total78
Townhouse
Avg/Median Price$683,718 / $659,990Range$429,000 – $995,000Price per Sq Ft$393 / $380Sq Ft1,745 / 1,735DOM54 / 53New1Total29
Sales by Bedroom Count
1 Beds
Avg:$65,000Median:$65,000Range:$65,000 – $65,000PSF:$82 / $82Sq Ft:790 / 790DOM:24 / 24New:0Total:1
2 Beds
Avg:$291,334Median:$239,000Range:$8,500 – $649,990PSF:$240 / $221Sq Ft:1,146 / 1,040DOM:69 / 47New:1Total:31
3 Beds
Avg:$750,572Median:$689,999Range:$49,999 – $2,500,000PSF:$469 / $407Sq Ft:1,686 / 1,728DOM:37 / 17New:6Total:48
4 Beds
Avg:$866,719Median:$825,000Range:$649,000 – $1,999,000PSF:$411 / $411Sq Ft:2,111 / 2,039DOM:37 / 26New:2Total:43
5 Beds
Avg:$1,146,913Median:$1,125,000Range:$785,000 – $1,595,000PSF:$406 / $401Sq Ft:2,833 / 2,790DOM:32 / 13New:3Total:15
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $65,000 | $65,000 | $65,000 – $65,000 | $82 / $82 | 790 / 790 | 24 / 24 | 0 | 1 |
| 2 Beds | $291,334 | $239,000 | $8,500 – $649,990 | $240 / $221 | 1,146 / 1,040 | 69 / 47 | 1 | 31 |
| 3 Beds | $750,572 | $689,999 | $49,999 – $2,500,000 | $469 / $407 | 1,686 / 1,728 | 37 / 17 | 6 | 48 |
| 4 Beds | $866,719 | $825,000 | $649,000 – $1,999,000 | $411 / $411 | 2,111 / 2,039 | 37 / 26 | 2 | 43 |
| 5 Beds | $1,146,913 | $1,125,000 | $785,000 – $1,595,000 | $406 / $401 | 2,833 / 2,790 | 32 / 13 | 3 | 15 |
Rental Market Overview
Median Rent
$2,100
+7.1%
Median DOM
4
0.0%
New Listings
21
Inventory
83
+10.7%
- Average Rent: $2,273
- Median Rent: $2,100
- Rent Range: $1,200 – $5,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,088 / 878
- Square Footage Range: 449 – 3,600
- Days on Market (Avg/Median): 40 / 4
- Days on Market Range: 1 – 264
- New Listings: 21
- Total Listings: 83
Rentals by Property Type
Apartment
$1,775
Median DOM: 1
Inventory: 50
MoM: +7.1%
Condo
$2,100
Median DOM: 6
Inventory: 12
MoM: +7.1%
Single Family
$3,275
Median DOM: 1
Inventory: 16
MoM: +7.1%
Townhouse
$3,500
Median DOM: 9
Inventory: 5
MoM: +7.1%
Apartment
Avg/Median Rent$1,909 / $1,775Range$1,482 – $2,749Rent per Sq Ft$2 / $2Sq Ft810 / 741DOM53 / 1New12Total50
Condo
Avg/Median Rent$2,133 / $2,100Range$1,200 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,075 / 1,000DOM36 / 6New3Total12
Single Family
Avg/Median Rent$3,174 / $3,275Range$1,300 – $5,500Rent per Sq Ft$2 / $2Sq Ft1,772 / 1,999DOM27 / 1New4Total16
Townhouse
Avg/Median Rent$3,359 / $3,500Range$2,495 – $3,750Rent per Sq Ft$2 / $2Sq Ft1,795 / 1,701DOM9 / 9New2Total5
Rentals by Bedroom Count
Studio
Avg:$1,464Median:$1,495Range:$1,300 – $1,670PSF:$3 / $3Sq Ft:501 / 450DOM:115 / 87New:0Total:5
1 Beds
Avg:$1,677Median:$1,687Range:$1,200 – $2,350PSF:$2 / $2Sq Ft:691 / 675DOM:72 / 1New:4Total:27
2 Beds
Avg:$2,111Median:$2,174Range:$1,695 – $2,399PSF:$2 / $2Sq Ft:954 / 968DOM:34 / 4New:9Total:29
3 Beds
Avg:$3,226Median:$2,950Range:$2,450 – $5,500PSF:$2 / $2Sq Ft:1,572 / 1,583DOM:20 / 1New:5Total:12
4 Beds
Avg:$3,438Median:$3,375Range:$3,250 – $3,800PSF:$2 / $2Sq Ft:2,052 / 2,028DOM:7 / 1New:2Total:6
5 Beds
Avg:$3,872Median:$3,600Range:$3,500 – $4,295PSF:$2 / $2Sq Ft:2,668 / 2,528DOM:18 / 5New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,464 | $1,495 | $1,300 – $1,670 | $3 / $3 | 501 / 450 | 115 / 87 | 0 | 5 |
| 1 Beds | $1,677 | $1,687 | $1,200 – $2,350 | $2 / $2 | 691 / 675 | 72 / 1 | 4 | 27 |
| 2 Beds | $2,111 | $2,174 | $1,695 – $2,399 | $2 / $2 | 954 / 968 | 34 / 4 | 9 | 29 |
| 3 Beds | $3,226 | $2,950 | $2,450 – $5,500 | $2 / $2 | 1,572 / 1,583 | 20 / 1 | 5 | 12 |
| 4 Beds | $3,438 | $3,375 | $3,250 – $3,800 | $2 / $2 | 2,052 / 2,028 | 7 / 1 | 2 | 6 |
| 5 Beds | $3,872 | $3,600 | $3,500 – $4,295 | $2 / $2 | 2,668 / 2,528 | 18 / 5 | 1 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$759,500Median DOM:47New:18Total:86
Jan 2026
Median Price:$749,950Median DOM:46New:25Total:79
Feb 2026
Median Price:$748,000Median DOM:30New:29Total:95
Mar 2026
Median Price:$749,950Median DOM:27New:35Total:109
Apr 2026
Median Price:$735,000Median DOM:27New:52Total:133
May 2026
Median Price:$735,000Median DOM:26New:12Total:141
6-Month Rental Trend
Dec 2025
Median Rent:$1,995Median DOM:17New:15Total:56
Jan 2026
Median Rent:$1,950Median DOM:3New:17Total:57
Feb 2026
Median Rent:$1,895Median DOM:9New:16Total:61
Mar 2026
Median Rent:$1,900Median DOM:12New:19Total:64
Apr 2026
Median Rent:$1,960Median DOM:4New:27Total:75
May 2026
Median Rent:$2,100Median DOM:4New:21Total:83
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving 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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