ZIP 98051 Housing Market Report
Northwest Seattle
Report period: May 2026
98051 Monthly Market Update – May 2026
ZIP 98051 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$799,950
+15.1%
Median DOM (Sales)
36
−16.3%
New Listings (Sales)
4
−63.6%
Median Rent
$1,525
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
3
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Single Family (28 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($2,599,950 median)
Sales Market Overview
Median Price
$799,950
+15.1%
Median DOM
36
−16.3%
New Listings
4
−63.6%
Inventory
46
+9.5%
- Average Price: $1,096,751
- Median Price: $799,950
- Price Range: $9,500 – $3,150,000
- Price per Sq Ft (Avg/Median): $443 / $422
- Square Footage (Avg/Median): 2,843 / 2,530
- Square Footage Range: 300 – 5,950
- Days on Market (Avg/Median): 54 / 36
- Days on Market Range: 4 – 287
- New Listings: 4
- Total Listings: 46
Sales by Property Type
Land
Avg/Median Price$465,940 / $260,000Range$9,500 – $1,750,000Price per Sq Ft—Sq Ft—DOM91 / 76New0Total10
Manufactured
Avg/Median Price$507,500 / $420,000Range$350,000 – $650,000Price per Sq Ft$337 / $336Sq Ft1,496 / 1,440DOM93 / 35New0Total4
Single Family
Avg/Median Price$1,367,536 / $1,200,000Range$250,000 – $3,150,000Price per Sq Ft$457 / $450Sq Ft3,011 / 2,700DOM37 / 28New4Total32
Sales by Bedroom Count
1 Beds
Avg:$339,975Median:$250,000Range:$250,000 – $429,950PSF:$627 / $422Sq Ft:660 / 300DOM:36 / 28New:0Total:2
2 Beds
Avg:$419,990Median:$379,950Range:$300,000 – $650,000PSF:$353 / $368Sq Ft:1,274 / 950DOM:83 / 36New:0Total:5
3 Beds
Avg:$849,378Median:$799,950Range:$350,000 – $1,299,000PSF:$410 / $403Sq Ft:2,134 / 1,960DOM:28 / 13New:3Total:14
4 Beds
Avg:$2,037,143Median:$1,995,000Range:$1,349,000 – $3,150,000PSF:$474 / $479Sq Ft:4,301 / 4,260DOM:45 / 33New:1Total:14
5 Beds
Avg:$2,599,950Median:$2,599,950Range:$2,599,950 – $2,599,950PSF:$570 / $570Sq Ft:4,560 / 4,560DOM:46 / 46New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $339,975 | $250,000 | $250,000 – $429,950 | $627 / $422 | 660 / 300 | 36 / 28 | 0 | 2 |
| 2 Beds | $419,990 | $379,950 | $300,000 – $650,000 | $353 / $368 | 1,274 / 950 | 83 / 36 | 0 | 5 |
| 3 Beds | $849,378 | $799,950 | $350,000 – $1,299,000 | $410 / $403 | 2,134 / 1,960 | 28 / 13 | 3 | 14 |
| 4 Beds | $2,037,143 | $1,995,000 | $1,349,000 – $3,150,000 | $474 / $479 | 4,301 / 4,260 | 45 / 33 | 1 | 14 |
| 5 Beds | $2,599,950 | $2,599,950 | $2,599,950 – $2,599,950 | $570 / $570 | 4,560 / 4,560 | 46 / 46 | 0 | 1 |
Rental Market Overview
Median Rent
$1,525
0.0%
Median DOM
1
0.0%
New Listings
1
Inventory
3
0.0%
- Average Rent: $2,075
- Median Rent: $1,525
- Rent Range: $850 – $3,850
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,079 / 650
- Square Footage Range: 386 – 2,200
- Days on Market (Avg/Median): 38 / 1
- Days on Market Range: 1 – 112
- New Listings: 1
- Total Listings: 3
Rentals by Property Type
Apartment
$850
Median DOM: 112
Inventory: 1
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,525
Median DOM: 1
Inventory: 2
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$850 / $850Range$850 – $850Rent per Sq Ft$2 / $2Sq Ft386 / 386DOM112 / 112New0Total1
Single Family
Avg/Median Rent$2,688 / $1,525Range$1,525 – $3,850Rent per Sq Ft$2 / $2Sq Ft1,425 / 650DOM1 / 1New1Total2
Rentals by Bedroom Count
1 Beds
Avg:$850Median:$850Range:$850 – $850PSF:$2 / $2Sq Ft:386 / 386DOM:112 / 112New:0Total:1
2 Beds
Avg:$2,688Median:$1,525Range:$1,525 – $3,850PSF:$2 / $2Sq Ft:1,425 / 650DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $850 | $850 | $850 – $850 | $2 / $2 | 386 / 386 | 112 / 112 | 0 | 1 |
| 2 Beds | $2,688 | $1,525 | $1,525 – $3,850 | $2 / $2 | 1,425 / 650 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$695,000Median DOM:108New:2Total:23
Jan 2026
Median Price:$749,000Median DOM:86New:5Total:22
Feb 2026
Median Price:$695,000Median DOM:30New:13Total:30
Mar 2026
Median Price:$650,000Median DOM:34New:10Total:33
Apr 2026
Median Price:$695,000Median DOM:43New:11Total:42
May 2026
Median Price:$799,950Median DOM:36New:4Total:46
6-Month Rental Trend
Dec 2025
Median Rent:$2,595Median DOM:1New:1Total:2
Jan 2026
Median Rent:$900Median DOM:1New:2Total:2
Feb 2026
Median Rent:$900Median DOM:1New:0Total:2
Mar 2026
Median Rent:$900Median DOM:1New:1Total:2
Apr 2026
Median Rent:$1,525Median DOM:1New:1Total:3
May 2026
Median Rent:$1,525Median DOM:1New:1Total:3
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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