ZIP 98039 Housing Market Report

Northwest Seattle

Report period: May 2026

98039 Monthly Market Update – May 2026

ZIP 98039 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$4,650,000
−6.1%
Median DOM (Sales)
22
−47.6%
New Listings (Sales)
2
−71.4%
Median Rent
$7,995
+14.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
3
+50.0%

Month-over-Month Movement

Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.

What's Moving Fastest

  • Fastest selling: Single Family (22 DOM)
  • Fastest renting: Single Family (1 DOM)
  • Strongest bedroom: 2 Beds ($6,780,000 median)

Sales Market Overview

Median Price
$4,650,000
−6.1%
Median DOM
22
−47.6%
New Listings
2
−71.4%
Inventory
25
0.0%
  • Average Price: $4,894,620
  • Median Price: $4,650,000
  • Price Range: $2,125,000 – $8,595,000
  • Price per Sq Ft (Avg/Median): $1,263 / $1,154
  • Square Footage (Avg/Median): 4,123 / 3,780
  • Square Footage Range: 1,690 – 6,354
  • Days on Market (Avg/Median): 38 / 22
  • Days on Market Range: 2 – 103
  • New Listings: 2
  • Total Listings: 25

Sales by Property Type

Single Family
Avg/Median Price$4,894,620 / $4,650,000Range$2,125,000 – $8,595,000Price per Sq Ft$1,263 / $1,154Sq Ft4,123 / 3,780DOM38 / 22New2Total25

Sales by Bedroom Count

2 Beds
Avg:$6,780,000Median:$6,780,000Range:$6,780,000 – $6,780,000PSF:$4,012 / $4,012Sq Ft:1,690 / 1,690DOM:New:0Total:1
3 Beds
Avg:$2,808,333Median:$2,150,000Range:$2,125,000 – $4,150,000PSF:$954 / $860Sq Ft:2,877 / 2,750DOM:51 / 64New:0Total:3
4 Beds
Avg:$4,672,182Median:$4,625,000Range:$3,495,000 – $6,280,000PSF:$1,205 / $1,182Sq Ft:4,043 / 3,630DOM:28 / 18New:0Total:11
5 Beds
Avg:$5,703,312Median:$4,950,000Range:$3,180,000 – $8,595,000PSF:$1,196 / $1,083Sq Ft:4,690 / 4,193DOM:40 / 25New:1Total:8
6 Beds
Avg:$5,070,000Median:$4,650,000Range:$4,650,000 – $5,490,000PSF:$947 / $830Sq Ft:5,380 / 5,159DOM:57 / 10New:1Total:2

Rental Market Overview

Median Rent
$7,995
+14.2%
Median DOM
1
0.0%
New Listings
2
Inventory
3
+50.0%
  • Average Rent: $8,332
  • Median Rent: $7,995
  • Rent Range: $7,000 – $10,000
  • Rent per Sq Ft (Avg/Median): $3 / $3
  • Square Footage (Avg/Median): 3,082 / 3,000
  • Square Footage Range: 2,140 – 4,107
  • Days on Market (Avg/Median): 2 / 1
  • Days on Market Range: 1 – 4
  • New Listings: 2
  • Total Listings: 3

Rentals by Property Type

Apartment
Median DOM:
Inventory:
MoM: +14.2%
Condo
Median DOM:
Inventory:
MoM: +14.2%
Single Family
$7,995
Median DOM: 1
Inventory: 3
MoM: +14.2%
Townhouse
Median DOM:
Inventory:
MoM: +14.2%
Single Family
Avg/Median Rent$8,332 / $7,995Range$7,000 – $10,000Rent per Sq Ft$3 / $3Sq Ft3,082 / 3,000DOM2 / 1New2Total3

Rentals by Bedroom Count

3 Beds
Avg:$7,000Median:$7,000Range:$7,000 – $7,000PSF:$3 / $3Sq Ft:2,140 / 2,140DOM:1 / 1New:1Total:1
4 Beds
Avg:$10,000Median:$10,000Range:$10,000 – $10,000PSF:$2 / $2Sq Ft:4,107 / 4,107DOM:4 / 4New:0Total:1
6 Beds
Avg:$7,995Median:$7,995Range:$7,995 – $7,995PSF:$3 / $3Sq Ft:3,000 / 3,000DOM:1 / 1New:1Total:1

6-Month Sales Trend

Dec 2025
Median Price:$5,888,888Median DOM:89New:1Total:17
Jan 2026
Median Price:$5,888,888Median DOM:87New:3Total:11
Feb 2026
Median Price:$5,799,999Median DOM:23New:9Total:20
Mar 2026
Median Price:$5,490,000Median DOM:35New:6Total:24
Apr 2026
Median Price:$4,950,000Median DOM:42New:7Total:25
May 2026
Median Price:$4,650,000Median DOM:22New:2Total:25

6-Month Rental Trend

Dec 2025
Median Rent:$6,500Median DOM:1New:2Total:5
Jan 2026
Median Rent:$6,500Median DOM:1New:1Total:3
Feb 2026
Median Rent:$6,000Median DOM:1New:0Total:2
Mar 2026
Median Rent:$10,000Median DOM:4New:1Total:1
Apr 2026
Median Rent:$7,000Median DOM:1New:1Total:2
May 2026
Median Rent:$7,995Median DOM:1New:2Total:3

Key Market Takeaways

Median sale prices softened this month while inventory remained stable. 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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