ZIP 98040 Housing Market Report
Northwest Seattle
Report period: August 2026
98040 Monthly Market Update – August 2026
ZIP 98040 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$2,269,000
−1.1%
Median DOM (Sales)
32
−5.9%
New Listings (Sales)
10
−70.6%
Median Rent
$2,995
0.0%
Median DOM (Rental)
6
+100.0%
Total Rental Listings
39
+2.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (4 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($5,895,000 median)
Sales Market Overview
Median Price
$2,269,000
−1.1%
Median DOM
32
−5.9%
New Listings
10
−70.6%
Inventory
135
+0.7%
- Average Price: $2,805,315
- Median Price: $2,269,000
- Price Range: $279,950 – $9,590,000
- Price per Sq Ft (Avg/Median): $867 / $817
- Square Footage (Avg/Median): 3,234 / 3,212
- Square Footage Range: 455 – 7,930
- Days on Market (Avg/Median): 49 / 32
- Days on Market Range: 1 – 346
- New Listings: 10
- Total Listings: 135
Sales by Property Type
Condo
Avg/Median Price$514,917 / $459,000Range$295,000 – $849,900Price per Sq Ft$533 / $530Sq Ft982 / 999DOM73 / 70New1Total15
Land
Avg/Median Price$1,371,790 / $785,000Range$279,950 – $6,800,000Price per Sq Ft—Sq Ft—DOM170 / 156New0Total10
Single Family
Avg/Median Price$3,266,614 / $2,600,000Range$1,200,000 – $9,590,000Price per Sq Ft$917 / $851Sq Ft3,545 / 3,520DOM39 / 27New8Total109
Townhouse
Avg/Median Price$1,215,000 / $1,215,000Range$1,215,000 – $1,215,000Price per Sq Ft$388 / $388Sq Ft3,132 / 3,132DOM4 / 4New1Total1
Sales by Bedroom Count
Studio
Avg:$295,000Median:$295,000Range:$295,000 – $295,000PSF:$648 / $648Sq Ft:455 / 455DOM:117 / 117New:0Total:1
1 Beds
Avg:$528,492Median:$398,000Range:$369,000 – $1,200,000PSF:$681 / $516Sq Ft:784 / 715DOM:42 / 37New:1Total:6
2 Beds
Avg:$765,311Median:$610,000Range:$399,950 – $2,150,000PSF:$686 / $543Sq Ft:1,114 / 1,124DOM:80 / 93New:1Total:9
3 Beds
Avg:$1,877,583Median:$1,685,000Range:$720,000 – $5,000,000PSF:$862 / $867Sq Ft:2,238 / 1,875DOM:35 / 18New:2Total:18
4 Beds
Avg:$2,843,690Median:$2,498,000Range:$1,560,000 – $8,500,000PSF:$885 / $817Sq Ft:3,193 / 3,120DOM:35 / 23New:4Total:49
5 Beds
Avg:$4,088,885Median:$3,475,000Range:$1,695,000 – $9,590,000PSF:$899 / $858Sq Ft:4,439 / 4,400DOM:45 / 34New:2Total:37
6 Beds
Avg:$6,306,220Median:$5,895,000Range:$3,350,000 – $7,999,880PSF:$1,104 / $982Sq Ft:5,677 / 5,163DOM:56 / 43New:0Total:4
7 Beds
Avg:$4,995,000Median:$4,995,000Range:$4,995,000 – $4,995,000PSF:$931 / $931Sq Ft:5,366 / 5,366DOM:17 / 17New: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 | 117 / 117 | 0 | 1 |
| 1 Beds | $528,492 | $398,000 | $369,000 – $1,200,000 | $681 / $516 | 784 / 715 | 42 / 37 | 1 | 6 |
| 2 Beds | $765,311 | $610,000 | $399,950 – $2,150,000 | $686 / $543 | 1,114 / 1,124 | 80 / 93 | 1 | 9 |
| 3 Beds | $1,877,583 | $1,685,000 | $720,000 – $5,000,000 | $862 / $867 | 2,238 / 1,875 | 35 / 18 | 2 | 18 |
| 4 Beds | $2,843,690 | $2,498,000 | $1,560,000 – $8,500,000 | $885 / $817 | 3,193 / 3,120 | 35 / 23 | 4 | 49 |
| 5 Beds | $4,088,885 | $3,475,000 | $1,695,000 – $9,590,000 | $899 / $858 | 4,439 / 4,400 | 45 / 34 | 2 | 37 |
| 6 Beds | $6,306,220 | $5,895,000 | $3,350,000 – $7,999,880 | $1,104 / $982 | 5,677 / 5,163 | 56 / 43 | 0 | 4 |
| 7 Beds | $4,995,000 | $4,995,000 | $4,995,000 – $4,995,000 | $931 / $931 | 5,366 / 5,366 | 17 / 17 | 0 | 1 |
Rental Market Overview
Median Rent
$2,995
0.0%
Median DOM
6
+100.0%
New Listings
9
Inventory
39
+2.6%
- Average Rent: $4,087
- Median Rent: $2,995
- Rent Range: $1,617 – $8,950
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,672 / 1,097
- Square Footage Range: 475 – 4,260
- Days on Market (Avg/Median): 36 / 6
- Days on Market Range: 1 – 360
- New Listings: 9
- Total Listings: 39
Rentals by Property Type
Apartment
$2,260
Median DOM: 45
Inventory: 15
MoM: 0.0%
Condo
$2,895
Median DOM: 4
Inventory: 7
MoM: 0.0%
Single Family
$5,999
Median DOM: 1
Inventory: 16
MoM: 0.0%
Townhouse
$2,650
Median DOM: 44
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,254 / $2,260Range$1,617 – $3,095Rent per Sq Ft$3 / $3Sq Ft744 / 700DOM81 / 45New0Total15
Condo
Avg/Median Rent$3,105 / $2,895Range$1,950 – $4,800Rent per Sq Ft$3 / $3Sq Ft1,093 / 1,000DOM12 / 4New3Total7
Single Family
Avg/Median Rent$6,324 / $5,999Range$4,200 – $8,950Rent per Sq Ft$2 / $2Sq Ft2,838 / 2,760DOM31 / 1New6Total16
Townhouse
Avg/Median Rent$2,650 / $2,650Range$2,650 – $2,650Rent per Sq Ft$3 / $3Sq Ft1,020 / 1,020DOM44 / 44New0Total1
Rentals by Bedroom Count
Studio
Avg:$2,092Median:$1,957Range:$1,617 – $2,568PSF:$4 / $4Sq Ft:582 / 529DOM:45 / 45New:0Total:6
1 Beds
Avg:$2,094Median:$2,000Range:$1,762 – $2,350PSF:$3 / $3Sq Ft:707 / 697DOM:58 / 1New:2Total:7
2 Beds
Avg:$3,199Median:$2,995Range:$2,195 – $4,800PSF:$3 / $3Sq Ft:1,213 / 1,091DOM:30 / 17New:2Total:11
3 Beds
Avg:$5,832Median:$5,600Range:$5,495 – $6,400PSF:$3 / $2Sq Ft:2,277 / 2,300DOM:121 / 3New:1Total:3
4 Beds
Avg:$6,640Median:$6,250Range:$5,000 – $8,950PSF:$2 / $2Sq Ft:3,012 / 2,760DOM:8 / 1New:4Total:10
5 Beds
Avg:$6,550Median:$5,999Range:$5,999 – $7,100PSF:$2 / $2Sq Ft:3,245 / 2,950DOM:10 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,092 | $1,957 | $1,617 – $2,568 | $4 / $4 | 582 / 529 | 45 / 45 | 0 | 6 |
| 1 Beds | $2,094 | $2,000 | $1,762 – $2,350 | $3 / $3 | 707 / 697 | 58 / 1 | 2 | 7 |
| 2 Beds | $3,199 | $2,995 | $2,195 – $4,800 | $3 / $3 | 1,213 / 1,091 | 30 / 17 | 2 | 11 |
| 3 Beds | $5,832 | $5,600 | $5,495 – $6,400 | $3 / $2 | 2,277 / 2,300 | 121 / 3 | 1 | 3 |
| 4 Beds | $6,640 | $6,250 | $5,000 – $8,950 | $2 / $2 | 3,012 / 2,760 | 8 / 1 | 4 | 10 |
| 5 Beds | $6,550 | $5,999 | $5,999 – $7,100 | $2 / $2 | 3,245 / 2,950 | 10 / 1 | 0 | 2 |
6-Month Sales Trend
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:$2,295,000Median DOM:34New:34Total:134
Aug 2026
Median Price:$2,269,000Median DOM:32New:10Total:135
6-Month Rental Trend
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:3New:16Total:38
Aug 2026
Median Rent:$2,995Median DOM:6New:9Total:39
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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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