ZIP 98047 Housing Market Report
Northwest Seattle
Report period: August 2026
98047 Monthly Market Update – August 2026
ZIP 98047 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$544,950
−0.9%
Median DOM (Sales)
35
−2.8%
New Listings (Sales)
1
−85.7%
Median Rent
$1,995
+14.0%
Median DOM (Rental)
16
−50.0%
Total Rental Listings
11
−8.3%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (27 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 8 Beds ($985,000 median)
Sales Market Overview
Median Price
$544,950
−0.9%
Median DOM
35
−2.8%
New Listings
1
−85.7%
Inventory
27
+8.0%
- Average Price: $548,902
- Median Price: $544,950
- Price Range: $129,000 – $1,025,000
- Price per Sq Ft (Avg/Median): $345 / $361
- Square Footage (Avg/Median): 1,699 / 1,512
- Square Footage Range: 960 – 3,648
- Days on Market (Avg/Median): 55 / 35
- Days on Market Range: 2 – 203
- New Listings: 1
- Total Listings: 27
Sales by Property Type
Land
Avg/Median Price$380,000 / $260,000Range$260,000 – $500,000Price per Sq Ft—Sq Ft—DOM120 / 44New0Total2
Manufactured
Avg/Median Price$251,332 / $225,000Range$129,000 – $399,995Price per Sq Ft$232 / $149Sq Ft1,151 / 980DOM79 / 27New0Total3
Multi-Family
Avg/Median Price$985,000 / $985,000Range$985,000 – $985,000Price per Sq Ft$270 / $270Sq Ft3,648 / 3,648DOM160 / 160New0Total1
Single Family
Avg/Median Price$586,731 / $560,000Range$415,000 – $1,025,000Price per Sq Ft$365 / $361Sq Ft1,685 / 1,530DOM41 / 32New1Total21
Sales by Bedroom Count
3 Beds
Avg:$500,330Median:$515,000Range:$129,000 – $1,025,000PSF:$361 / $369Sq Ft:1,402 / 1,464DOM:47 / 32New:1Total:15
4 Beds
Avg:$609,425Median:$575,000Range:$525,000 – $824,900PSF:$336 / $311Sq Ft:1,875 / 1,773DOM:43 / 26New:0Total:8
5 Beds
Avg:$695,000Median:$695,000Range:$695,000 – $695,000PSF:$248 / $248Sq Ft:2,800 / 2,800DOM:47 / 47New:0Total:1
8 Beds
Avg:$985,000Median:$985,000Range:$985,000 – $985,000PSF:$270 / $270Sq Ft:3,648 / 3,648DOM:160 / 160New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $500,330 | $515,000 | $129,000 – $1,025,000 | $361 / $369 | 1,402 / 1,464 | 47 / 32 | 1 | 15 |
| 4 Beds | $609,425 | $575,000 | $525,000 – $824,900 | $336 / $311 | 1,875 / 1,773 | 43 / 26 | 0 | 8 |
| 5 Beds | $695,000 | $695,000 | $695,000 – $695,000 | $248 / $248 | 2,800 / 2,800 | 47 / 47 | 0 | 1 |
| 8 Beds | $985,000 | $985,000 | $985,000 – $985,000 | $270 / $270 | 3,648 / 3,648 | 160 / 160 | 0 | 1 |
Rental Market Overview
Median Rent
$1,995
+14.0%
Median DOM
16
−50.0%
New Listings
2
Inventory
11
−8.3%
- Average Rent: $2,181
- Median Rent: $1,995
- Rent Range: $1,425 – $3,425
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,114 / 987
- Square Footage Range: 681 – 1,814
- Days on Market (Avg/Median): 35 / 16
- Days on Market Range: 1 – 97
- New Listings: 2
- Total Listings: 11
Rentals by Property Type
Apartment
$1,595
Median DOM: 16
Inventory: 7
MoM: +14.0%
Condo
—
Median DOM: —
Inventory: —
MoM: +14.0%
Single Family
$2,950
Median DOM: 8
Inventory: 4
MoM: +14.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +14.0%
Apartment
Avg/Median Rent$1,745 / $1,595Range$1,425 – $2,400Rent per Sq Ft$2 / $2Sq Ft952 / 975DOM36 / 16New2Total7
Single Family
Avg/Median Rent$2,944 / $2,950Range$2,400 – $3,425Rent per Sq Ft$2 / $2Sq Ft1,399 / 1,285DOM33 / 8New0Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,575Median:$1,575Range:$1,575 – $1,575PSF:$2 / $2Sq Ft:681 / 681DOM:—New:0Total:1
2 Beds
Avg:$1,729Median:$1,595Range:$1,425 – $2,400PSF:$2 / $2Sq Ft:896 / 845DOM:43 / 42New:0Total:5
3 Beds
Avg:$2,586Median:$2,400Range:$1,995 – $3,000PSF:$2 / $2Sq Ft:1,321 / 1,250DOM:33 / 6New:2Total:4
4 Beds
Avg:$3,425Median:$3,425Range:$3,425 – $3,425PSF:$2 / $2Sq Ft:1,814 / 1,814DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,575 | $1,575 | $1,575 – $1,575 | $2 / $2 | 681 / 681 | — | 0 | 1 |
| 2 Beds | $1,729 | $1,595 | $1,425 – $2,400 | $2 / $2 | 896 / 845 | 43 / 42 | 0 | 5 |
| 3 Beds | $2,586 | $2,400 | $1,995 – $3,000 | $2 / $2 | 1,321 / 1,250 | 33 / 6 | 2 | 4 |
| 4 Beds | $3,425 | $3,425 | $3,425 – $3,425 | $2 / $2 | 1,814 / 1,814 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
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:33New:3Total:16
Jun 2026
Median Price:$525,000Median DOM:12New:9Total:20
Jul 2026
Median Price:$549,950Median DOM:36New:7Total:25
Aug 2026
Median Price:$544,950Median DOM:35New:1Total:27
6-Month Rental Trend
Mar 2026
Median Rent:$2,100Median DOM:37New:4Total:11
Apr 2026
Median Rent:$1,995Median DOM:1New:2Total:10
May 2026
Median Rent:$1,835Median DOM:21New:6Total:10
Jun 2026
Median Rent:$1,750Median DOM:32New:2Total:11
Jul 2026
Median Rent:$1,750Median DOM:32New:4Total:12
Aug 2026
Median Rent:$1,995Median DOM:16New:2Total:11
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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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