ZIP 98038 Housing Market Report
Northwest Seattle
Report period: August 2026
98038 Monthly Market Update – August 2026
ZIP 98038 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$789,950
−1.1%
Median DOM (Sales)
38
+5.6%
New Listings (Sales)
12
−79.7%
Median Rent
$3,300
−5.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
40
+14.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (11 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,092,500 median)
Sales Market Overview
Median Price
$789,950
−1.1%
Median DOM
38
+5.6%
New Listings
12
−79.7%
Inventory
229
+2.2%
- Average Price: $872,281
- Median Price: $789,950
- Price Range: $135,000 – $3,185,000
- Price per Sq Ft (Avg/Median): $379 / $363
- Square Footage (Avg/Median): 2,397 / 2,280
- Square Footage Range: 832 – 6,900
- Days on Market (Avg/Median): 50 / 38
- Days on Market Range: 3 – 332
- New Listings: 12
- Total Listings: 229
Sales by Property Type
Condo
Avg/Median Price$513,556 / $500,000Range$425,000 – $585,000Price per Sq Ft$306 / $312Sq Ft1,706 / 1,700DOM57 / 39New0Total14
Land
Avg/Median Price$390,540 / $300,000Range$135,000 – $899,000Price per Sq Ft—Sq Ft—DOM102 / 67New0Total10
Manufactured
Avg/Median Price$502,633 / $536,000Range$299,950 – $715,000Price per Sq Ft$315 / $270Sq Ft1,670 / 1,780DOM41 / 11New1Total9
Single Family
Avg/Median Price$953,204 / $849,950Range$525,000 – $3,185,000Price per Sq Ft$388 / $371Sq Ft2,514 / 2,450DOM47 / 35New11Total190
Townhouse
Avg/Median Price$504,147 / $495,000Range$420,000 – $599,990Price per Sq Ft$365 / $394Sq Ft1,407 / 1,370DOM53 / 18New0Total6
Sales by Bedroom Count
2 Beds
Avg:$512,796Median:$499,950Range:$299,950 – $774,900PSF:$382 / $368Sq Ft:1,389 / 1,344DOM:49 / 18New:0Total:17
3 Beds
Avg:$738,607Median:$670,000Range:$479,000 – $1,499,500PSF:$401 / $399Sq Ft:1,885 / 1,800DOM:48 / 39New:3Total:77
4 Beds
Avg:$1,044,172Median:$900,000Range:$639,999 – $2,975,000PSF:$375 / $356Sq Ft:2,770 / 2,690DOM:45 / 35New:7Total:97
5 Beds
Avg:$1,022,486Median:$850,000Range:$665,000 – $3,185,000PSF:$330 / $327Sq Ft:3,061 / 3,010DOM:48 / 31New:2Total:26
6 Beds
Avg:$1,193,750Median:$1,092,500Range:$1,092,500 – $1,295,000PSF:$299 / $287Sq Ft:3,980 / 3,810DOM:176 / 19New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $512,796 | $499,950 | $299,950 – $774,900 | $382 / $368 | 1,389 / 1,344 | 49 / 18 | 0 | 17 |
| 3 Beds | $738,607 | $670,000 | $479,000 – $1,499,500 | $401 / $399 | 1,885 / 1,800 | 48 / 39 | 3 | 77 |
| 4 Beds | $1,044,172 | $900,000 | $639,999 – $2,975,000 | $375 / $356 | 2,770 / 2,690 | 45 / 35 | 7 | 97 |
| 5 Beds | $1,022,486 | $850,000 | $665,000 – $3,185,000 | $330 / $327 | 3,061 / 3,010 | 48 / 31 | 2 | 26 |
| 6 Beds | $1,193,750 | $1,092,500 | $1,092,500 – $1,295,000 | $299 / $287 | 3,980 / 3,810 | 176 / 19 | 0 | 2 |
Rental Market Overview
Median Rent
$3,300
−5.6%
Median DOM
1
0.0%
New Listings
13
Inventory
40
+14.3%
- Average Rent: $3,524
- Median Rent: $3,300
- Rent Range: $815 – $10,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 2,059 / 2,070
- Square Footage Range: 612 – 3,863
- Days on Market (Avg/Median): 19 / 1
- Days on Market Range: 1 – 176
- New Listings: 13
- Total Listings: 40
Rentals by Property Type
Apartment
$1,725
Median DOM: —
Inventory: 2
MoM: −5.6%
Condo
$2,950
Median DOM: 28
Inventory: 1
MoM: −5.6%
Single Family
$3,595
Median DOM: 1
Inventory: 35
MoM: −5.6%
Townhouse
$2,550
Median DOM: 11
Inventory: 2
MoM: −5.6%
Apartment
Avg/Median Rent$1,918 / $1,725Range$1,725 – $2,112Rent per Sq Ft$3 / $3Sq Ft618 / 612DOM—New0Total2
Condo
Avg/Median Rent$2,950 / $2,950Range$2,950 – $2,950Rent per Sq Ft$2 / $2Sq Ft1,519 / 1,519DOM28 / 28New0Total1
Single Family
Avg/Median Rent$3,678 / $3,595Range$815 – $10,000Rent per Sq Ft$2 / $2Sq Ft2,201 / 2,170DOM19 / 1New13Total35
Townhouse
Avg/Median Rent$2,725 / $2,550Range$2,550 – $2,900Rent per Sq Ft$2 / $2Sq Ft1,352 / 1,273DOM11 / 11New0Total2
Rentals by Bedroom Count
1 Beds
Avg:$2,163Median:$1,725Range:$815 – $4,000PSF:$3 / $3Sq Ft:742 / 625DOM:144 / 111New:0Total:4
2 Beds
Avg:$2,650Median:$2,550Range:$2,550 – $2,750PSF:$2 / $2Sq Ft:1,322 / 1,273DOM:6 / 1New:0Total:2
3 Beds
Avg:$3,155Median:$3,170Range:$2,810 – $3,840PSF:$2 / $2Sq Ft:1,713 / 1,560DOM:15 / 7New:6Total:18
4 Beds
Avg:$3,983Median:$3,895Range:$3,595 – $4,600PSF:$1 / $1Sq Ft:2,727 / 2,720DOM:10 / 1New:5Total:14
5 Beds
Avg:$10,000Median:$10,000Range:$10,000 – $10,000PSF:$3 / $3Sq Ft:3,290 / 3,290DOM:8 / 8New:1Total:1
7 Beds
Avg:$4,445Median:$4,445Range:$4,445 – $4,445PSF:$1 / $1Sq Ft:3,110 / 3,110DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,163 | $1,725 | $815 – $4,000 | $3 / $3 | 742 / 625 | 144 / 111 | 0 | 4 |
| 2 Beds | $2,650 | $2,550 | $2,550 – $2,750 | $2 / $2 | 1,322 / 1,273 | 6 / 1 | 0 | 2 |
| 3 Beds | $3,155 | $3,170 | $2,810 – $3,840 | $2 / $2 | 1,713 / 1,560 | 15 / 7 | 6 | 18 |
| 4 Beds | $3,983 | $3,895 | $3,595 – $4,600 | $1 / $1 | 2,727 / 2,720 | 10 / 1 | 5 | 14 |
| 5 Beds | $10,000 | $10,000 | $10,000 – $10,000 | $3 / $3 | 3,290 / 3,290 | 8 / 8 | 1 | 1 |
| 7 Beds | $4,445 | $4,445 | $4,445 – $4,445 | $1 / $1 | 3,110 / 3,110 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$745,000Median DOM:18New:59Total:157
Apr 2026
Median Price:$749,950Median DOM:15New:57Total:179
May 2026
Median Price:$799,000Median DOM:19New:83Total:211
Jun 2026
Median Price:$799,950Median DOM:24New:73Total:225
Jul 2026
Median Price:$799,000Median DOM:36New:59Total:224
Aug 2026
Median Price:$789,950Median DOM:38New:12Total:229
6-Month Rental Trend
Mar 2026
Median Rent:$3,249Median DOM:1New:18Total:36
Apr 2026
Median Rent:$3,313Median DOM:2New:14Total:37
May 2026
Median Rent:$3,400Median DOM:2New:14Total:36
Jun 2026
Median Rent:$3,500Median DOM:4New:13Total:32
Jul 2026
Median Rent:$3,495Median DOM:1New:14Total:35
Aug 2026
Median Rent:$3,300Median DOM:1New:13Total:40
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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.
980019800298003980049800598006980079800898010980119801298014980199802098021980229802398024980259802698027980289802998030980319803298033980349803698037+65 more
← Back to Northwest Seattle