ZIP 98040 Housing Market Report
Northwest Seattle
Report period: July 2026
98040 Monthly Market Update – July 2026
ZIP 98040 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$2,199,000
−2.3%
Median DOM (Sales)
22
0.0%
New Listings (Sales)
10
−79.2%
Median Rent
$2,995
0.0%
Median DOM (Rental)
12
0.0%
Total Rental Listings
34
+3.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (21 DOM)
- Fastest renting: Single Family (3 DOM)
- Strongest bedroom: 6 Beds ($7,835,000 median)
Sales Market Overview
Median Price
$2,199,000
−2.3%
Median DOM
22
0.0%
New Listings
10
−79.2%
Inventory
135
−0.7%
- Average Price: $2,848,482
- Median Price: $2,199,000
- Price Range: $279,950 – $9,590,000
- Price per Sq Ft (Avg/Median): $870 / $836
- Square Footage (Avg/Median): 3,211 / 3,120
- Square Footage Range: 455 – 9,340
- Days on Market (Avg/Median): 47 / 22
- Days on Market Range: 1 – 359
- New Listings: 10
- Total Listings: 135
Sales by Property Type
Condo
Avg/Median Price$498,926 / $459,000Range$295,000 – $720,000Price per Sq Ft$530 / $530Sq Ft964 / 999DOM77 / 70New2Total17
Land
Avg/Median Price$1,371,790 / $785,000Range$279,950 – $6,800,000Price per Sq Ft—Sq Ft—DOM153 / 154New1Total10
Single Family
Avg/Median Price$3,374,443 / $2,650,000Range$1,200,000 – $9,590,000Price per Sq Ft$929 / $877Sq Ft3,568 / 3,480DOM35 / 21New7Total107
Townhouse
Avg/Median Price$1,280,000 / $1,280,000Range$1,280,000 – $1,280,000Price per Sq Ft$409 / $409Sq Ft3,132 / 3,132DOM23 / 23New0Total1
Sales by Bedroom Count
Studio
Avg:$295,000Median:$295,000Range:$295,000 – $295,000PSF:$648 / $648Sq Ft:455 / 455DOM:87 / 87New:0Total:1
1 Beds
Avg:$533,158Median:$398,000Range:$369,000 – $1,200,000PSF:$726 / $607Sq Ft:715 / 656DOM:43 / 9New:2Total:6
2 Beds
Avg:$546,780Median:$550,000Range:$415,000 – $659,000PSF:$498 / $482Sq Ft:1,099 / 1,065DOM:95 / 85New:0Total:10
3 Beds
Avg:$1,868,793Median:$1,675,000Range:$720,000 – $5,450,000PSF:$869 / $880Sq Ft:2,195 / 1,986DOM:23 / 15New:3Total:22
4 Beds
Avg:$2,836,984Median:$2,250,000Range:$1,599,000 – $8,500,000PSF:$886 / $833Sq Ft:3,168 / 3,040DOM:30 / 21New:2Total:46
5 Beds
Avg:$4,370,307Median:$3,799,000Range:$1,750,000 – $9,590,000PSF:$945 / $877Sq Ft:4,523 / 4,477DOM:41 / 23New:2Total:35
6 Beds
Avg:$7,427,470Median:$7,835,000Range:$5,895,000 – $7,999,880PSF:$1,253 / $1,196Sq Ft:5,982 / 6,005DOM:37 / 23New:0Total:4
7 Beds
Avg:$7,580,000Median:$7,580,000Range:$7,580,000 – $7,580,000PSF:$812 / $812Sq Ft:9,340 / 9,340DOM:282 / 282New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $295,000 | $295,000 | $295,000 – $295,000 | $648 / $648 | 455 / 455 | 87 / 87 | 0 | 1 |
| 1 Beds | $533,158 | $398,000 | $369,000 – $1,200,000 | $726 / $607 | 715 / 656 | 43 / 9 | 2 | 6 |
| 2 Beds | $546,780 | $550,000 | $415,000 – $659,000 | $498 / $482 | 1,099 / 1,065 | 95 / 85 | 0 | 10 |
| 3 Beds | $1,868,793 | $1,675,000 | $720,000 – $5,450,000 | $869 / $880 | 2,195 / 1,986 | 23 / 15 | 3 | 22 |
| 4 Beds | $2,836,984 | $2,250,000 | $1,599,000 – $8,500,000 | $886 / $833 | 3,168 / 3,040 | 30 / 21 | 2 | 46 |
| 5 Beds | $4,370,307 | $3,799,000 | $1,750,000 – $9,590,000 | $945 / $877 | 4,523 / 4,477 | 41 / 23 | 2 | 35 |
| 6 Beds | $7,427,470 | $7,835,000 | $5,895,000 – $7,999,880 | $1,253 / $1,196 | 5,982 / 6,005 | 37 / 23 | 0 | 4 |
| 7 Beds | $7,580,000 | $7,580,000 | $7,580,000 – $7,580,000 | $812 / $812 | 9,340 / 9,340 | 282 / 282 | 0 | 1 |
Rental Market Overview
Median Rent
$2,995
0.0%
Median DOM
12
0.0%
New Listings
6
Inventory
34
+3.0%
- Average Rent: $4,331
- Median Rent: $2,995
- Rent Range: $1,863 – $10,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,721 / 1,091
- Square Footage Range: 470 – 5,685
- Days on Market (Avg/Median): 51 / 12
- Days on Market Range: 1 – 360
- New Listings: 6
- Total Listings: 34
Rentals by Property Type
Apartment
$2,260
Median DOM: 93
Inventory: 14
MoM: 0.0%
Condo
$3,000
Median DOM: 12
Inventory: 5
MoM: 0.0%
Single Family
$6,900
Median DOM: 3
Inventory: 14
MoM: 0.0%
Townhouse
$2,795
Median DOM: 19
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,258 / $2,260Range$1,863 – $2,995Rent per Sq Ft$3 / $3Sq Ft706 / 671DOM120 / 93New1Total14
Condo
Avg/Median Rent$3,210 / $3,000Range$1,950 – $5,000Rent per Sq Ft$3 / $3Sq Ft1,252 / 1,145DOM18 / 12New1Total5
Single Family
Avg/Median Rent$6,914 / $6,900Range$3,995 – $10,000Rent per Sq Ft$2 / $2Sq Ft2,953 / 2,830DOM40 / 3New4Total14
Townhouse
Avg/Median Rent$2,795 / $2,795Range$2,795 – $2,795Rent per Sq Ft$3 / $3Sq Ft1,020 / 1,020DOM19 / 19New0Total1
Rentals by Bedroom Count
Studio
Avg:$2,109Median:$2,101Range:$1,863 – $2,394PSF:$4 / $4Sq Ft:531 / 549DOM:15 / 15New:0Total:5
1 Beds
Avg:$2,160Median:$2,000Range:$1,950 – $2,387PSF:$3 / $3Sq Ft:709 / 697DOM:101 / 56New:0Total:6
2 Beds
Avg:$2,994Median:$2,795Range:$2,260 – $5,000PSF:$3 / $3Sq Ft:1,140 / 1,065DOM:62 / 12New:2Total:9
3 Beds
Avg:$6,272Median:$5,495Range:$3,995 – $10,000PSF:$3 / $2Sq Ft:2,190 / 1,730DOM:91 / 1New:1Total:4
4 Beds
Avg:$6,700Median:$6,900Range:$5,000 – $8,500PSF:$3 / $2Sq Ft:2,792 / 2,460DOM:13 / 1New:3Total:6
5 Beds
Avg:$7,875Median:$7,100Range:$5,999 – $9,500PSF:$2 / $2Sq Ft:3,957 / 3,540DOM:21 / 12New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,109 | $2,101 | $1,863 – $2,394 | $4 / $4 | 531 / 549 | 15 / 15 | 0 | 5 |
| 1 Beds | $2,160 | $2,000 | $1,950 – $2,387 | $3 / $3 | 709 / 697 | 101 / 56 | 0 | 6 |
| 2 Beds | $2,994 | $2,795 | $2,260 – $5,000 | $3 / $3 | 1,140 / 1,065 | 62 / 12 | 2 | 9 |
| 3 Beds | $6,272 | $5,495 | $3,995 – $10,000 | $3 / $2 | 2,190 / 1,730 | 91 / 1 | 1 | 4 |
| 4 Beds | $6,700 | $6,900 | $5,000 – $8,500 | $3 / $2 | 2,792 / 2,460 | 13 / 1 | 3 | 6 |
| 5 Beds | $7,875 | $7,100 | $5,999 – $9,500 | $2 / $2 | 3,957 / 3,540 | 21 / 12 | 0 | 4 |
6-Month Sales Trend
Feb 2026
Median Price:$2,365,000Median DOM:44New:21Total:68
Mar 2026
Median Price:$2,495,000Median DOM:25New:34Total:91
Apr 2026
Median Price:$2,575,000Median DOM:22New:51Total:112
May 2026
Median Price:$2,498,000Median DOM:24New:38Total:125
Jun 2026
Median Price:$2,250,000Median DOM:22New:48Total:136
Jul 2026
Median Price:$2,199,000Median DOM:22New:10Total:135
6-Month Rental Trend
Feb 2026
Median Rent:$3,600Median DOM:3New:9Total:35
Mar 2026
Median Rent:$2,500Median DOM:26New:5Total:28
Apr 2026
Median Rent:$2,500Median DOM:25New:8Total:30
May 2026
Median Rent:$2,800Median DOM:30New:7Total:30
Jun 2026
Median Rent:$2,995Median DOM:12New:8Total:33
Jul 2026
Median Rent:$2,995Median DOM:12New:6Total:34
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, 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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