ZIP 98051 Housing Market Report
Northwest Seattle
Report period: August 2026
98051 Monthly Market Update – August 2026
ZIP 98051 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$921,000
−3.1%
Median DOM (Sales)
55
−1.8%
New Listings (Sales)
1
−91.7%
Median Rent
$800
0.0%
Median DOM (Rental)
20
+17.6%
Total Rental Listings
2
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Manufactured (33 DOM)
- Fastest renting: Single Family (20 DOM)
- Strongest bedroom: 5 Beds ($2,500,000 median)
Sales Market Overview
Median Price
$921,000
−3.1%
Median DOM
55
−1.8%
New Listings
1
−91.7%
Inventory
51
0.0%
- Average Price: $1,166,128
- Median Price: $921,000
- Price Range: $8,000 – $2,899,999
- Price per Sq Ft (Avg/Median): $402 / $396
- Square Footage (Avg/Median): 3,272 / 2,980
- Square Footage Range: 1,160 – 9,080
- Days on Market (Avg/Median): 65 / 55
- Days on Market Range: 4 – 188
- New Listings: 1
- Total Listings: 51
Sales by Property Type
Land
Avg/Median Price$438,111 / $289,000Range$8,000 – $1,750,000Price per Sq Ft—Sq Ft—DOM103 / 109New0Total9
Manufactured
Avg/Median Price$612,492 / $625,000Range$350,000 – $750,000Price per Sq Ft$375 / $331Sq Ft1,693 / 1,440DOM47 / 33New0Total6
Single Family
Avg/Median Price$1,440,405 / $1,299,000Range$245,000 – $2,899,999Price per Sq Ft$406 / $398Sq Ft3,535 / 3,400DOM57 / 45New1Total36
Sales by Bedroom Count
2 Beds
Avg:$592,500Median:$550,000Range:$550,000 – $635,000PSF:$494 / $440Sq Ft:1,205 / 1,160DOM:68 / 68New:0Total:2
3 Beds
Avg:$874,392Median:$725,000Range:$245,000 – $2,899,999PSF:$374 / $327Sq Ft:2,324 / 2,170DOM:62 / 62New:0Total:18
4 Beds
Avg:$1,663,447Median:$1,750,000Range:$775,000 – $2,595,000PSF:$424 / $423Sq Ft:3,865 / 3,850DOM:53 / 40New:1Total:19
5 Beds
Avg:$2,333,333Median:$2,500,000Range:$1,650,000 – $2,850,000PSF:$363 / $378Sq Ft:6,584 / 6,308DOM:36 / 34New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $592,500 | $550,000 | $550,000 – $635,000 | $494 / $440 | 1,205 / 1,160 | 68 / 68 | 0 | 2 |
| 3 Beds | $874,392 | $725,000 | $245,000 – $2,899,999 | $374 / $327 | 2,324 / 2,170 | 62 / 62 | 0 | 18 |
| 4 Beds | $1,663,447 | $1,750,000 | $775,000 – $2,595,000 | $424 / $423 | 3,865 / 3,850 | 53 / 40 | 1 | 19 |
| 5 Beds | $2,333,333 | $2,500,000 | $1,650,000 – $2,850,000 | $363 / $378 | 6,584 / 6,308 | 36 / 34 | 0 | 3 |
Rental Market Overview
Median Rent
$800
0.0%
Median DOM
20
+17.6%
New Listings
0
Inventory
2
0.0%
- Average Rent: $1,775
- Median Rent: $800
- Rent Range: $800 – $2,750
- Rent per Sq Ft (Avg/Median): $2 / $1
- Square Footage (Avg/Median): 1,050 / 800
- Square Footage Range: 800 – 1,300
- Days on Market (Avg/Median): 111 / 20
- Days on Market Range: 20 – 202
- New Listings: 0
- Total Listings: 2
Rentals by Property Type
Apartment
$800
Median DOM: 202
Inventory: 1
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,750
Median DOM: 20
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$800 / $800Range$800 – $800Rent per Sq Ft$1 / $1Sq Ft800 / 800DOM202 / 202New0Total1
Single Family
Avg/Median Rent$2,750 / $2,750Range$2,750 – $2,750Rent per Sq Ft$2 / $2Sq Ft1,300 / 1,300DOM20 / 20New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$800Median:$800Range:$800 – $800PSF:$1 / $1Sq Ft:800 / 800DOM:202 / 202New:0Total:1
3 Beds
Avg:$2,750Median:$2,750Range:$2,750 – $2,750PSF:$2 / $2Sq Ft:1,300 / 1,300DOM:20 / 20New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $800 | $800 | $800 – $800 | $1 / $1 | 800 / 800 | 202 / 202 | 0 | 1 |
| 3 Beds | $2,750 | $2,750 | $2,750 – $2,750 | $2 / $2 | 1,300 / 1,300 | 20 / 20 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$650,000Median DOM:34New:10Total:33
Apr 2026
Median Price:$695,000Median DOM:43New:11Total:42
May 2026
Median Price:$939,900Median DOM:37New:14Total:53
Jun 2026
Median Price:$970,000Median DOM:54New:9Total:46
Jul 2026
Median Price:$950,000Median DOM:56New:12Total:51
Aug 2026
Median Price:$921,000Median DOM:55New:1Total:51
6-Month Rental Trend
Mar 2026
Median Rent:$900Median DOM:1New:1Total:2
Apr 2026
Median Rent:$1,525Median DOM:1New:1Total:3
May 2026
Median Rent:$850Median DOM:1New:1Total:2
Jun 2026
Median Rent:$800Median DOM:1New:0Total:2
Jul 2026
Median Rent:$800Median DOM:17New:1Total:2
Aug 2026
Median Rent:$800Median DOM:20New:0Total:2
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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