ZIP 98038 Housing Market Report
Northwest Seattle
Report period: May 2026
98038 Monthly Market Update – May 2026
ZIP 98038 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$769,000
+2.5%
Median DOM (Sales)
14
−6.7%
New Listings (Sales)
34
−40.4%
Median Rent
$3,400
+2.6%
Median DOM (Rental)
4
+100.0%
Total Rental Listings
35
−5.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (4 DOM)
- Fastest renting: Single Family (2 DOM)
- Strongest bedroom: 6 Beds ($1,295,000 median)
Sales Market Overview
Median Price
$769,000
+2.5%
Median DOM
14
−6.7%
New Listings
34
−40.4%
Inventory
199
+11.2%
- Average Price: $851,271
- Median Price: $769,000
- Price Range: $124,999 – $3,250,000
- Price per Sq Ft (Avg/Median): $413 / $388
- Square Footage (Avg/Median): 2,173 / 2,000
- Square Footage Range: 900 – 6,900
- Days on Market (Avg/Median): 34 / 14
- Days on Market Range: 1 – 254
- New Listings: 34
- Total Listings: 199
Sales by Property Type
Condo
Avg/Median Price$500,317 / $499,950Range$449,950 – $534,999Price per Sq Ft$330 / $326Sq Ft1,524 / 1,530DOM50 / 60New1Total8
Land
Avg/Median Price$425,309 / $375,000Range$124,999 – $949,000Price per Sq Ft—Sq Ft—DOM97 / 94New0Total11
Manufactured
Avg/Median Price$559,695 / $549,000Range$325,000 – $795,000Price per Sq Ft$375 / $345Sq Ft1,561 / 1,250DOM29 / 4New3Total10
Single Family
Avg/Median Price$941,986 / $825,000Range$399,900 – $3,250,000Price per Sq Ft$422 / $396Sq Ft2,305 / 2,190DOM28 / 12New30Total158
Townhouse
Avg/Median Price$524,270 / $535,000Range$425,000 – $599,990Price per Sq Ft$381 / $392Sq Ft1,381 / 1,360DOM51 / 22New0Total12
Sales by Bedroom Count
1 Beds
Avg:$585,000Median:$585,000Range:$585,000 – $585,000PSF:$643 / $643Sq Ft:910 / 910DOM:36 / 36New:0Total:1
2 Beds
Avg:$505,423Median:$489,000Range:$325,000 – $849,900PSF:$395 / $364Sq Ft:1,307 / 1,310DOM:63 / 59New:0Total:19
3 Beds
Avg:$782,796Median:$699,000Range:$429,500 – $1,495,000PSF:$441 / $416Sq Ft:1,821 / 1,700DOM:25 / 10New:18Total:89
4 Beds
Avg:$1,021,564Median:$939,500Range:$585,000 – $2,250,000PSF:$390 / $376Sq Ft:2,625 / 2,550DOM:26 / 17New:13Total:62
5 Beds
Avg:$1,264,731Median:$999,000Range:$749,950 – $3,250,000PSF:$361 / $338Sq Ft:3,365 / 3,120DOM:26 / 12New:3Total:16
6 Beds
Avg:$1,295,000Median:$1,295,000Range:$1,295,000 – $1,295,000PSF:$312 / $312Sq Ft:4,150 / 4,150DOM:241 / 241New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $585,000 | $585,000 | $585,000 – $585,000 | $643 / $643 | 910 / 910 | 36 / 36 | 0 | 1 |
| 2 Beds | $505,423 | $489,000 | $325,000 – $849,900 | $395 / $364 | 1,307 / 1,310 | 63 / 59 | 0 | 19 |
| 3 Beds | $782,796 | $699,000 | $429,500 – $1,495,000 | $441 / $416 | 1,821 / 1,700 | 25 / 10 | 18 | 89 |
| 4 Beds | $1,021,564 | $939,500 | $585,000 – $2,250,000 | $390 / $376 | 2,625 / 2,550 | 26 / 17 | 13 | 62 |
| 5 Beds | $1,264,731 | $999,000 | $749,950 – $3,250,000 | $361 / $338 | 3,365 / 3,120 | 26 / 12 | 3 | 16 |
| 6 Beds | $1,295,000 | $1,295,000 | $1,295,000 – $1,295,000 | $312 / $312 | 4,150 / 4,150 | 241 / 241 | 0 | 1 |
Rental Market Overview
Median Rent
$3,400
+2.6%
Median DOM
4
+100.0%
New Listings
3
Inventory
35
−5.4%
- Average Rent: $3,306
- Median Rent: $3,400
- Rent Range: $815 – $5,400
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,722 / 1,710
- Square Footage Range: 625 – 2,910
- Days on Market (Avg/Median): 24 / 4
- Days on Market Range: 1 – 313
- New Listings: 3
- Total Listings: 35
Rentals by Property Type
Apartment
$1,999
Median DOM: —
Inventory: 4
MoM: +2.6%
Condo
—
Median DOM: —
Inventory: —
MoM: +2.6%
Single Family
$3,400
Median DOM: 2
Inventory: 29
MoM: +2.6%
Townhouse
$2,600
Median DOM: 8
Inventory: 2
MoM: +2.6%
Apartment
Avg/Median Rent$2,157 / $1,999Range$1,685 – $2,750Rent per Sq Ft$3 / $2Sq Ft855 / 736DOM—New0Total4
Single Family
Avg/Median Rent$3,482 / $3,400Range$815 – $5,400Rent per Sq Ft$2 / $2Sq Ft1,842 / 1,890DOM25 / 2New3Total29
Townhouse
Avg/Median Rent$3,050 / $2,600Range$2,600 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,780 / 1,360DOM13 / 8New0Total2
Rentals by Bedroom Count
1 Beds
Avg:$2,252Median:$1,999Range:$815 – $4,000PSF:$4 / $4Sq Ft:764 / 736DOM:53 / 20New:0Total:4
2 Beds
Avg:$3,771Median:$2,600Range:$1,685 – $5,400PSF:$3 / $2Sq Ft:1,190 / 1,320DOM:16 / 18New:0Total:4
3 Beds
Avg:$3,272Median:$3,295Range:$2,750 – $3,900PSF:$2 / $2Sq Ft:1,725 / 1,610DOM:9 / 1New:1Total:13
4 Beds
Avg:$3,505Median:$3,450Range:$3,099 – $4,000PSF:$2 / $2Sq Ft:2,077 / 1,960DOM:34 / 1New:2Total:14
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,252 | $1,999 | $815 – $4,000 | $4 / $4 | 764 / 736 | 53 / 20 | 0 | 4 |
| 2 Beds | $3,771 | $2,600 | $1,685 – $5,400 | $3 / $2 | 1,190 / 1,320 | 16 / 18 | 0 | 4 |
| 3 Beds | $3,272 | $3,295 | $2,750 – $3,900 | $2 / $2 | 1,725 / 1,610 | 9 / 1 | 1 | 13 |
| 4 Beds | $3,505 | $3,450 | $3,099 – $4,000 | $2 / $2 | 2,077 / 1,960 | 34 / 1 | 2 | 14 |
6-Month Sales Trend
Dec 2025
Median Price:$680,000Median DOM:63New:10Total:106
Jan 2026
Median Price:$725,000Median DOM:58New:25Total:87
Feb 2026
Median Price:$749,000Median DOM:22New:54Total:119
Mar 2026
Median Price:$745,000Median DOM:18New:59Total:157
Apr 2026
Median Price:$749,950Median DOM:15New:57Total:179
May 2026
Median Price:$769,000Median DOM:14New:34Total:199
6-Month Rental Trend
Dec 2025
Median Rent:$3,200Median DOM:1New:15Total:42
Jan 2026
Median Rent:$3,200Median DOM:1New:18Total:37
Feb 2026
Median Rent:$3,150Median DOM:1New:15Total:33
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:4New:3Total:35
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing increased, while total rental inventory tightened.
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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