ZIP 98045 Housing Market Report
Northwest Seattle
Report period: May 2026
98045 Monthly Market Update – May 2026
ZIP 98045 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,150,000
+4.5%
Median DOM (Sales)
29
+31.8%
New Listings (Sales)
8
−80.5%
Median Rent
$3,209
+3.5%
Median DOM (Rental)
28
+21.7%
Total Rental Listings
12
−14.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (23 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,449,995 median)
Sales Market Overview
Median Price
$1,150,000
+4.5%
Median DOM
29
+31.8%
New Listings
8
−80.5%
Inventory
113
+0.9%
- Average Price: $1,141,807
- Median Price: $1,150,000
- Price Range: $79,995 – $3,271,500
- Price per Sq Ft (Avg/Median): $501 / $487
- Square Footage (Avg/Median): 2,500 / 2,500
- Square Footage Range: 265 – 7,270
- Days on Market (Avg/Median): 49 / 29
- Days on Market Range: 2 – 308
- New Listings: 8
- Total Listings: 113
Sales by Property Type
Condo
Avg/Median Price$696,728 / $699,900Range$290,000 – $999,900Price per Sq Ft$588 / $540Sq Ft1,267 / 1,434DOM50 / 39New0Total14
Land
Avg/Median Price$579,175 / $439,950Range$142,000 – $1,750,000Price per Sq Ft—Sq Ft—DOM116 / 32New1Total10
Manufactured
Avg/Median Price$584,999 / $650,000Range$79,995 – $925,000Price per Sq Ft$443 / $484Sq Ft1,189 / 1,250DOM72 / 25New0Total4
Single Family
Avg/Median Price$1,348,511 / $1,349,995Range$649,995 – $3,271,500Price per Sq Ft$486 / $468Sq Ft2,869 / 3,011DOM35 / 23New7Total78
Townhouse
Avg/Median Price$850,614 / $794,900Range$699,900 – $999,900Price per Sq Ft$531 / $536Sq Ft1,600 / 1,474DOM97 / 82New0Total7
Sales by Bedroom Count
Studio
Avg:$290,000Median:$290,000Range:$290,000 – $290,000PSF:$1,094 / $1,094Sq Ft:265 / 265DOM:102 / 102New:0Total:1
1 Beds
Avg:$432,500Median:$425,000Range:$425,000 – $439,999PSF:$632 / $621Sq Ft:684 / 684DOM:137 / 87New:0Total:2
2 Beds
Avg:$456,236Median:$450,000Range:$79,995 – $719,950PSF:$404 / $428Sq Ft:1,066 / 879DOM:27 / 9New:0Total:4
3 Beds
Avg:$882,244Median:$775,000Range:$649,995 – $1,550,000PSF:$540 / $536Sq Ft:1,723 / 1,474DOM:49 / 32New:2Total:36
4 Beds
Avg:$1,424,665Median:$1,299,900Range:$899,000 – $2,899,000PSF:$488 / $490Sq Ft:2,923 / 3,012DOM:30 / 11New:3Total:31
5 Beds
Avg:$1,564,536Median:$1,359,995Range:$990,000 – $3,271,500PSF:$442 / $450Sq Ft:3,564 / 3,432DOM:55 / 42New:1Total:17
6 Beds
Avg:$1,477,495Median:$1,449,995Range:$1,394,995 – $1,579,995PSF:$463 / $463Sq Ft:3,195 / 3,012DOM:28 / 26New:1Total:12
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $290,000 | $290,000 | $290,000 – $290,000 | $1,094 / $1,094 | 265 / 265 | 102 / 102 | 0 | 1 |
| 1 Beds | $432,500 | $425,000 | $425,000 – $439,999 | $632 / $621 | 684 / 684 | 137 / 87 | 0 | 2 |
| 2 Beds | $456,236 | $450,000 | $79,995 – $719,950 | $404 / $428 | 1,066 / 879 | 27 / 9 | 0 | 4 |
| 3 Beds | $882,244 | $775,000 | $649,995 – $1,550,000 | $540 / $536 | 1,723 / 1,474 | 49 / 32 | 2 | 36 |
| 4 Beds | $1,424,665 | $1,299,900 | $899,000 – $2,899,000 | $488 / $490 | 2,923 / 3,012 | 30 / 11 | 3 | 31 |
| 5 Beds | $1,564,536 | $1,359,995 | $990,000 – $3,271,500 | $442 / $450 | 3,564 / 3,432 | 55 / 42 | 1 | 17 |
| 6 Beds | $1,477,495 | $1,449,995 | $1,394,995 – $1,579,995 | $463 / $463 | 3,195 / 3,012 | 28 / 26 | 1 | 12 |
Rental Market Overview
Median Rent
$3,209
+3.5%
Median DOM
28
+21.7%
New Listings
1
Inventory
12
−14.3%
- Average Rent: $3,208
- Median Rent: $3,209
- Rent Range: $1,136 – $6,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 3,130 / 1,380
- Square Footage Range: 468 – 19,800
- Days on Market (Avg/Median): 39 / 28
- Days on Market Range: 1 – 145
- New Listings: 1
- Total Listings: 12
Rentals by Property Type
Apartment
$2,395
Median DOM: 90
Inventory: 6
MoM: +3.5%
Condo
—
Median DOM: —
Inventory: —
MoM: +3.5%
Single Family
$3,495
Median DOM: 1
Inventory: 4
MoM: +3.5%
Townhouse
$3,600
Median DOM: 2
Inventory: 2
MoM: +3.5%
Apartment
Avg/Median Rent$2,541 / $2,395Range$1,136 – $3,550Rent per Sq Ft$2 / $2Sq Ft4,202 / 1,105DOM84 / 90New0Total6
Single Family
Avg/Median Rent$4,011 / $3,495Range$1,550 – $6,000Rent per Sq Ft$2 / $2Sq Ft2,189 / 1,380DOM15 / 1New1Total4
Townhouse
Avg/Median Rent$3,600 / $3,600Range$3,600 – $3,600Rent per Sq Ft$2 / $2Sq Ft1,800 / 1,800DOM20 / 2New0Total2
Rentals by Bedroom Count
1 Beds
Avg:$1,900Median:$1,550Range:$1,550 – $2,250PSF:$3 / $3Sq Ft:558 / 468DOM:1 / 1New:1Total:2
2 Beds
Avg:$2,609Median:$2,705Range:$1,136 – $3,600PSF:$2 / $2Sq Ft:4,976 / 1,277DOM:66 / 37New:0Total:5
3 Beds
Avg:$3,911Median:$3,550Range:$3,495 – $5,000PSF:$2 / $2Sq Ft:2,077 / 1,479DOM:30 / 2New:0Total:4
5 Beds
Avg:$6,000Median:$6,000Range:$6,000 – $6,000PSF:$2 / $2Sq Ft:3,260 / 3,260DOM:29 / 29New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,900 | $1,550 | $1,550 – $2,250 | $3 / $3 | 558 / 468 | 1 / 1 | 1 | 2 |
| 2 Beds | $2,609 | $2,705 | $1,136 – $3,600 | $2 / $2 | 4,976 / 1,277 | 66 / 37 | 0 | 5 |
| 3 Beds | $3,911 | $3,550 | $3,495 – $5,000 | $2 / $2 | 2,077 / 1,479 | 30 / 2 | 0 | 4 |
| 5 Beds | $6,000 | $6,000 | $6,000 – $6,000 | $2 / $2 | 3,260 / 3,260 | 29 / 29 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$1,349,995Median DOM:53New:11Total:97
Jan 2026
Median Price:$1,349,995Median DOM:41New:32Total:88
Feb 2026
Median Price:$1,299,950Median DOM:29New:23Total:93
Mar 2026
Median Price:$1,150,000Median DOM:25New:36Total:90
Apr 2026
Median Price:$1,100,000Median DOM:22New:41Total:112
May 2026
Median Price:$1,150,000Median DOM:29New:8Total:113
6-Month Rental Trend
Dec 2025
Median Rent:$2,500Median DOM:21New:3Total:14
Jan 2026
Median Rent:$2,525Median DOM:14New:4Total:13
Feb 2026
Median Rent:$2,950Median DOM:12New:8Total:18
Mar 2026
Median Rent:$2,957Median DOM:8New:2Total:14
Apr 2026
Median Rent:$3,099Median DOM:23New:5Total:14
May 2026
Median Rent:$3,209Median DOM:28New:1Total:12
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower 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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