ZIP 98047 Housing Market Report
Northwest Seattle
Report period: May 2026
98047 Monthly Market Update – May 2026
ZIP 98047 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$549,999
−0.0%
Median DOM (Sales)
18
+38.5%
New Listings (Sales)
1
−83.3%
Median Rent
$1,995
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
8
−20.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (8 DOM)
- Fastest renting: Multi-Family (1 DOM)
- Strongest bedroom: 8 Beds ($1,025,000 median)
Sales Market Overview
Median Price
$549,999
−0.0%
Median DOM
18
+38.5%
New Listings
1
−83.3%
Inventory
16
+14.3%
- Average Price: $559,931
- Median Price: $549,999
- Price Range: $129,000 – $1,025,000
- Price per Sq Ft (Avg/Median): $334 / $365
- Square Footage (Avg/Median): 1,736 / 1,511
- Square Footage Range: 980 – 3,648
- Days on Market (Avg/Median): 48 / 18
- Days on Market Range: 3 – 203
- New Listings: 1
- Total Listings: 16
Sales by Property Type
Land
Avg/Median Price$500,000 / $500,000Range$500,000 – $500,000Price per Sq Ft—Sq Ft—DOM104 / 104New0Total1
Manufactured
Avg/Median Price$334,500 / $129,000Range$129,000 – $540,000Price per Sq Ft$214 / $132Sq Ft1,402 / 980DOM84 / 8New0Total2
Multi-Family
Avg/Median Price$910,000 / $795,000Range$795,000 – $1,025,000Price per Sq Ft$292 / $281Sq Ft3,136 / 2,624DOM74 / 52New0Total2
Single Family
Avg/Median Price$542,718 / $550,000Range$335,000 – $615,000Price per Sq Ft$364 / $390Sq Ft1,542 / 1,452DOM32 / 14New1Total11
Sales by Bedroom Count
3 Beds
Avg:$484,895Median:$540,000Range:$129,000 – $605,000PSF:$339 / $379Sq Ft:1,426 / 1,440DOM:46 / 8New:1Total:10
4 Beds
Avg:$596,650Median:$595,000Range:$579,950 – $615,000PSF:$346 / $288Sq Ft:1,835 / 2,065DOM:21 / 14New:0Total:3
6 Beds
Avg:$795,000Median:$795,000Range:$795,000 – $795,000PSF:$303 / $303Sq Ft:2,624 / 2,624DOM:52 / 52New:0Total:1
8 Beds
Avg:$1,025,000Median:$1,025,000Range:$1,025,000 – $1,025,000PSF:$281 / $281Sq Ft:3,648 / 3,648DOM:95 / 95New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $484,895 | $540,000 | $129,000 – $605,000 | $339 / $379 | 1,426 / 1,440 | 46 / 8 | 1 | 10 |
| 4 Beds | $596,650 | $595,000 | $579,950 – $615,000 | $346 / $288 | 1,835 / 2,065 | 21 / 14 | 0 | 3 |
| 6 Beds | $795,000 | $795,000 | $795,000 – $795,000 | $303 / $303 | 2,624 / 2,624 | 52 / 52 | 0 | 1 |
| 8 Beds | $1,025,000 | $1,025,000 | $1,025,000 – $1,025,000 | $281 / $281 | 3,648 / 3,648 | 95 / 95 | 0 | 1 |
Rental Market Overview
Median Rent
$1,995
0.0%
Median DOM
1
0.0%
New Listings
2
Inventory
8
−20.0%
- Average Rent: $2,488
- Median Rent: $1,995
- Rent Range: $1,500 – $3,600
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,490 / 1,075
- Square Footage Range: 681 – 2,620
- Days on Market (Avg/Median): 66 / 1
- Days on Market Range: 1 – 364
- New Listings: 2
- Total Listings: 8
Rentals by Property Type
Apartment
$1,525
Median DOM: 39
Inventory: 3
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$3,300
Median DOM: 1
Inventory: 4
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,553 / $1,525Range$1,500 – $1,634Rent per Sq Ft$2 / $2Sq Ft879 / 880DOM48 / 39New0Total3
Multi-Family
Avg/Median Rent$1,995 / $1,995Range$1,995 – $1,995Rent per Sq Ft$2 / $2Sq Ft1,000 / 1,000DOM1 / 1New0Total1
Single Family
Avg/Median Rent$3,312 / $3,300Range$2,750 – $3,600Rent per Sq Ft$2 / $2Sq Ft2,071 / 2,006DOM92 / 1New2Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,634Median:$1,634Range:$1,634 – $1,634PSF:$2 / $2Sq Ft:681 / 681DOM:57 / 57New:0Total:1
2 Beds
Avg:$1,673Median:$1,525Range:$1,500 – $1,995PSF:$2 / $2Sq Ft:985 / 1,000DOM:20 / 1New:0Total:3
3 Beds
Avg:$3,025Median:$2,750Range:$2,750 – $3,300PSF:$2 / $2Sq Ft:1,744 / 1,482DOM:183 / 1New:1Total:2
4 Beds
Avg:$3,600Median:$3,600Range:$3,600 – $3,600PSF:$2 / $1Sq Ft:2,398 / 2,175DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,634 | $1,634 | $1,634 – $1,634 | $2 / $2 | 681 / 681 | 57 / 57 | 0 | 1 |
| 2 Beds | $1,673 | $1,525 | $1,500 – $1,995 | $2 / $2 | 985 / 1,000 | 20 / 1 | 0 | 3 |
| 3 Beds | $3,025 | $2,750 | $2,750 – $3,300 | $2 / $2 | 1,744 / 1,482 | 183 / 1 | 1 | 2 |
| 4 Beds | $3,600 | $3,600 | $3,600 – $3,600 | $2 / $1 | 2,398 / 2,175 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$550,000Median DOM:30New:1Total:13
Jan 2026
Median Price:$500,000Median DOM:107New:1Total:9
Feb 2026
Median Price:$500,000Median DOM:87New:1Total:6
Mar 2026
Median Price:$574,995Median DOM:54New:4Total:10
Apr 2026
Median Price:$550,000Median DOM:13New:6Total:14
May 2026
Median Price:$549,999Median DOM:18New:1Total:16
6-Month Rental Trend
Dec 2025
Median Rent:$1,625Median DOM:77New:2Total:10
Jan 2026
Median Rent:$1,646Median DOM:82New:3Total:11
Feb 2026
Median Rent:$1,595Median DOM:78New:2Total:12
Mar 2026
Median Rent:$2,100Median DOM:37New:4Total:11
Apr 2026
Median Rent:$1,995Median DOM:1New:2Total:10
May 2026
Median Rent:$1,995Median DOM:1New:2Total:8
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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