ZIP 98056 Housing Market Report
Northwest Seattle
Report period: May 2026
98056 Monthly Market Update – May 2026
ZIP 98056 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,150,000
+0.0%
Median DOM (Sales)
28
+21.7%
New Listings (Sales)
13
−80.6%
Median Rent
$2,550
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
90
−6.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (22 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 7 Beds ($1,999,000 median)
Sales Market Overview
Median Price
$1,150,000
+0.0%
Median DOM
28
+21.7%
New Listings
13
−80.6%
Inventory
179
−5.3%
- Average Price: $1,214,895
- Median Price: $1,150,000
- Price Range: $220,000 – $4,400,000
- Price per Sq Ft (Avg/Median): $525 / $513
- Square Footage (Avg/Median): 2,277 / 2,286
- Square Footage Range: 633 – 5,140
- Days on Market (Avg/Median): 47 / 28
- Days on Market Range: 2 – 345
- New Listings: 13
- Total Listings: 179
Sales by Property Type
Condo
Avg/Median Price$355,693 / $325,000Range$220,000 – $697,000Price per Sq Ft$369 / $348Sq Ft967 / 932DOM72 / 47New1Total23
Land
Avg/Median Price$1,783,250 / $950,000Range$649,500 – $4,400,000Price per Sq Ft—Sq Ft—DOM65 / 55New0Total6
Multi-Family
Avg/Median Price$899,980 / $920,000Range$525,000 – $1,380,000Price per Sq Ft$398 / $397Sq Ft2,422 / 2,090DOM127 / 102New0Total5
Single Family
Avg/Median Price$1,386,081 / $1,325,000Range$475,000 – $4,350,000Price per Sq Ft$564 / $537Sq Ft2,535 / 2,470DOM36 / 22New12Total135
Townhouse
Avg/Median Price$696,484 / $650,000Range$437,500 – $1,092,500Price per Sq Ft$411 / $374Sq Ft1,726 / 1,930DOM79 / 47New0Total10
Sales by Bedroom Count
1 Beds
Avg:$266,333Median:$245,000Range:$220,000 – $369,000PSF:$359 / $317Sq Ft:759 / 752DOM:61 / 28New:0Total:6
2 Beds
Avg:$717,254Median:$449,000Range:$270,000 – $3,298,000PSF:$602 / $408Sq Ft:1,078 / 995DOM:73 / 47New:1Total:25
3 Beds
Avg:$1,097,120Median:$950,000Range:$375,000 – $3,562,000PSF:$545 / $556Sq Ft:1,999 / 1,970DOM:32 / 21New:5Total:50
4 Beds
Avg:$1,285,619Median:$1,224,990Range:$674,900 – $2,449,888PSF:$480 / $482Sq Ft:2,684 / 2,610DOM:43 / 29New:5Total:45
5 Beds
Avg:$1,497,853Median:$1,449,995Range:$525,000 – $2,499,950PSF:$504 / $504Sq Ft:2,997 / 2,710DOM:46 / 28New:1Total:29
6 Beds
Avg:$1,656,981Median:$1,559,995Range:$674,900 – $4,350,000PSF:$552 / $597Sq Ft:2,955 / 2,596DOM:49 / 18New:1Total:16
7 Beds
Avg:$2,289,500Median:$1,999,000Range:$1,999,000 – $2,580,000PSF:$623 / $586Sq Ft:3,715 / 3,030DOM:46 / 31New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $266,333 | $245,000 | $220,000 – $369,000 | $359 / $317 | 759 / 752 | 61 / 28 | 0 | 6 |
| 2 Beds | $717,254 | $449,000 | $270,000 – $3,298,000 | $602 / $408 | 1,078 / 995 | 73 / 47 | 1 | 25 |
| 3 Beds | $1,097,120 | $950,000 | $375,000 – $3,562,000 | $545 / $556 | 1,999 / 1,970 | 32 / 21 | 5 | 50 |
| 4 Beds | $1,285,619 | $1,224,990 | $674,900 – $2,449,888 | $480 / $482 | 2,684 / 2,610 | 43 / 29 | 5 | 45 |
| 5 Beds | $1,497,853 | $1,449,995 | $525,000 – $2,499,950 | $504 / $504 | 2,997 / 2,710 | 46 / 28 | 1 | 29 |
| 6 Beds | $1,656,981 | $1,559,995 | $674,900 – $4,350,000 | $552 / $597 | 2,955 / 2,596 | 49 / 18 | 1 | 16 |
| 7 Beds | $2,289,500 | $1,999,000 | $1,999,000 – $2,580,000 | $623 / $586 | 3,715 / 3,030 | 46 / 31 | 0 | 2 |
Rental Market Overview
Median Rent
$2,550
0.0%
Median DOM
1
0.0%
New Listings
34
Inventory
90
−6.3%
- Average Rent: $2,743
- Median Rent: $2,550
- Rent Range: $1,325 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,237 / 1,150
- Square Footage Range: 417 – 3,463
- Days on Market (Avg/Median): 33 / 1
- Days on Market Range: 1 – 336
- New Listings: 34
- Total Listings: 90
Rentals by Property Type
Apartment
$1,995
Median DOM: 35
Inventory: 34
MoM: 0.0%
Condo
$2,295
Median DOM: 9
Inventory: 6
MoM: 0.0%
Single Family
$3,300
Median DOM: 1
Inventory: 44
MoM: 0.0%
Townhouse
$2,750
Median DOM: 18
Inventory: 5
MoM: 0.0%
Apartment
Avg/Median Rent$1,987 / $1,995Range$1,325 – $3,295Rent per Sq Ft$3 / $2Sq Ft835 / 696DOM70 / 35New5Total34
Condo
Avg/Median Rent$2,322 / $2,295Range$1,795 – $3,100Rent per Sq Ft$2 / $2Sq Ft1,181 / 1,028DOM22 / 9New3Total6
Multi-Family
Avg/Median Rent$2,100 / $2,100Range$2,100 – $2,100Rent per Sq Ft$2 / $2Sq Ft1,005 / 1,005DOM13 / 13New0Total1
Single Family
Avg/Median Rent$3,377 / $3,300Range$1,375 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,544 / 1,390DOM15 / 1New25Total44
Townhouse
Avg/Median Rent$2,940 / $2,750Range$2,525 – $3,900Rent per Sq Ft$2 / $2Sq Ft1,486 / 1,200DOM57 / 18New1Total5
Rentals by Bedroom Count
Studio
Avg:$1,708Median:$1,349Range:$1,349 – $2,068PSF:$4 / $3Sq Ft:482 / 417DOM:—New:0Total:2
1 Beds
Avg:$1,673Median:$1,575Range:$1,325 – $2,327PSF:$3 / $2Sq Ft:667 / 670DOM:60 / 35New:3Total:19
2 Beds
Avg:$2,741Median:$2,567Range:$1,650 – $5,000PSF:$2 / $2Sq Ft:1,151 / 1,151DOM:32 / 1New:18Total:40
3 Beds
Avg:$3,291Median:$3,129Range:$2,295 – $6,500PSF:$2 / $2Sq Ft:1,598 / 1,390DOM:28 / 1New:11Total:23
4 Beds
Avg:$4,310Median:$3,995Range:$3,900 – $4,850PSF:$2 / $1Sq Ft:2,522 / 2,024DOM:11 / 7New:1Total:4
5 Beds
Avg:$4,550Median:$3,300Range:$3,300 – $5,800PSF:$2 / $2Sq Ft:2,305 / 1,600DOM:12 / 12New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,708 | $1,349 | $1,349 – $2,068 | $4 / $3 | 482 / 417 | — | 0 | 2 |
| 1 Beds | $1,673 | $1,575 | $1,325 – $2,327 | $3 / $2 | 667 / 670 | 60 / 35 | 3 | 19 |
| 2 Beds | $2,741 | $2,567 | $1,650 – $5,000 | $2 / $2 | 1,151 / 1,151 | 32 / 1 | 18 | 40 |
| 3 Beds | $3,291 | $3,129 | $2,295 – $6,500 | $2 / $2 | 1,598 / 1,390 | 28 / 1 | 11 | 23 |
| 4 Beds | $4,310 | $3,995 | $3,900 – $4,850 | $2 / $1 | 2,522 / 2,024 | 11 / 7 | 1 | 4 |
| 5 Beds | $4,550 | $3,300 | $3,300 – $5,800 | $2 / $2 | 2,305 / 1,600 | 12 / 12 | 1 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$1,100,000Median DOM:53New:28Total:174
Jan 2026
Median Price:$1,049,950Median DOM:40New:53Total:156
Feb 2026
Median Price:$1,195,000Median DOM:27New:49Total:159
Mar 2026
Median Price:$1,150,000Median DOM:19New:79Total:185
Apr 2026
Median Price:$1,149,990Median DOM:23New:67Total:189
May 2026
Median Price:$1,150,000Median DOM:28New:13Total:179
6-Month Rental Trend
Dec 2025
Median Rent:$2,500Median DOM:9New:41Total:92
Jan 2026
Median Rent:$2,600Median DOM:1New:31Total:90
Feb 2026
Median Rent:$2,650Median DOM:4New:33Total:89
Mar 2026
Median Rent:$2,525Median DOM:8New:34Total:90
Apr 2026
Median Rent:$2,550Median DOM:1New:44Total:96
May 2026
Median Rent:$2,550Median DOM:1New:34Total:90
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. 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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