ZIP 98087 Housing Market Report
Northwest Seattle
Report period: May 2026
98087 Monthly Market Update – May 2026
ZIP 98087 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$725,000
+2.1%
Median DOM (Sales)
34
+25.9%
New Listings (Sales)
19
−72.1%
Median Rent
$2,300
−1.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
132
−6.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (24 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($1,270,000 median)
Sales Market Overview
Median Price
$725,000
+2.1%
Median DOM
34
+25.9%
New Listings
19
−72.1%
Inventory
193
+1.0%
- Average Price: $722,199
- Median Price: $725,000
- Price Range: $40,000 – $3,300,000
- Price per Sq Ft (Avg/Median): $379 / $394
- Square Footage (Avg/Median): 1,864 / 1,830
- Square Footage Range: 576 – 5,348
- Days on Market (Avg/Median): 53 / 34
- Days on Market Range: 1 – 361
- New Listings: 19
- Total Listings: 193
Sales by Property Type
Condo
Avg/Median Price$517,295 / $475,000Range$220,000 – $950,000Price per Sq Ft$361 / $363Sq Ft1,419 / 1,320DOM56 / 24New7Total33
Land
Avg/Median Price$1,224,750 / $500,000Range$109,000 – $3,300,000Price per Sq Ft—Sq Ft—DOM130 / 64New1Total4
Manufactured
Avg/Median Price$124,015 / $120,000Range$40,000 – $275,000Price per Sq Ft$125 / $137Sq Ft987 / 879DOM109 / 74New0Total13
Multi-Family
Avg/Median Price$1,010,362 / $999,950Range$687,500 – $1,270,000Price per Sq Ft$343 / $330Sq Ft3,023 / 3,248DOM71 / 39New0Total8
Single Family
Avg/Median Price$915,923 / $864,995Range$500,000 – $1,799,000Price per Sq Ft$426 / $416Sq Ft2,226 / 2,095DOM49 / 32New6Total70
Townhouse
Avg/Median Price$670,846 / $684,995Range$370,000 – $1,100,000Price per Sq Ft$391 / $394Sq Ft1,731 / 1,646DOM37 / 33New5Total65
Sales by Bedroom Count
1 Beds
Avg:$164,980Median:$135,000Range:$115,000 – $225,000PSF:$219 / $192Sq Ft:761 / 752DOM:82 / 71New:0Total:5
2 Beds
Avg:$401,779Median:$399,950Range:$40,000 – $899,000PSF:$316 / $359Sq Ft:1,201 / 1,076DOM:65 / 38New:2Total:32
3 Beds
Avg:$680,809Median:$694,995Range:$174,950 – $965,000PSF:$411 / $400Sq Ft:1,659 / 1,626DOM:47 / 34New:7Total:77
4 Beds
Avg:$846,433Median:$849,900Range:$275,000 – $1,609,000PSF:$389 / $399Sq Ft:2,193 / 2,178DOM:36 / 24New:7Total:57
5 Beds
Avg:$1,092,695Median:$1,099,950Range:$775,000 – $1,799,000PSF:$383 / $381Sq Ft:2,918 / 2,800DOM:86 / 54New:2Total:11
6 Beds
Avg:$1,163,190Median:$1,075,000Range:$997,450 – $1,574,500PSF:$325 / $330Sq Ft:3,618 / 3,256DOM:67 / 39New:0Total:5
7 Beds
Avg:$1,029,000Median:$1,029,000Range:$1,029,000 – $1,029,000PSF:$317 / $317Sq Ft:3,248 / 3,248DOM:76 / 76New:0Total:1
8 Beds
Avg:$1,270,000Median:$1,270,000Range:$1,270,000 – $1,270,000PSF:$333 / $333Sq Ft:3,812 / 3,812DOM:231 / 231New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $164,980 | $135,000 | $115,000 – $225,000 | $219 / $192 | 761 / 752 | 82 / 71 | 0 | 5 |
| 2 Beds | $401,779 | $399,950 | $40,000 – $899,000 | $316 / $359 | 1,201 / 1,076 | 65 / 38 | 2 | 32 |
| 3 Beds | $680,809 | $694,995 | $174,950 – $965,000 | $411 / $400 | 1,659 / 1,626 | 47 / 34 | 7 | 77 |
| 4 Beds | $846,433 | $849,900 | $275,000 – $1,609,000 | $389 / $399 | 2,193 / 2,178 | 36 / 24 | 7 | 57 |
| 5 Beds | $1,092,695 | $1,099,950 | $775,000 – $1,799,000 | $383 / $381 | 2,918 / 2,800 | 86 / 54 | 2 | 11 |
| 6 Beds | $1,163,190 | $1,075,000 | $997,450 – $1,574,500 | $325 / $330 | 3,618 / 3,256 | 67 / 39 | 0 | 5 |
| 7 Beds | $1,029,000 | $1,029,000 | $1,029,000 – $1,029,000 | $317 / $317 | 3,248 / 3,248 | 76 / 76 | 0 | 1 |
| 8 Beds | $1,270,000 | $1,270,000 | $1,270,000 – $1,270,000 | $333 / $333 | 3,812 / 3,812 | 231 / 231 | 0 | 1 |
Rental Market Overview
Median Rent
$2,300
−1.9%
Median DOM
1
0.0%
New Listings
36
Inventory
132
−6.4%
- Average Rent: $2,515
- Median Rent: $2,300
- Rent Range: $890 – $5,981
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,241 / 1,000
- Square Footage Range: 300 – 8,072
- Days on Market (Avg/Median): 32 / 1
- Days on Market Range: 1 – 342
- New Listings: 36
- Total Listings: 132
Rentals by Property Type
Apartment
$1,855
Median DOM: 1
Inventory: 72
MoM: −1.9%
Condo
$2,995
Median DOM: 1
Inventory: 4
MoM: −1.9%
Single Family
$3,200
Median DOM: 1
Inventory: 35
MoM: −1.9%
Townhouse
$2,795
Median DOM: 1
Inventory: 20
MoM: −1.9%
Apartment
Avg/Median Rent$2,083 / $1,855Range$1,200 – $5,741Rent per Sq Ft$3 / $2Sq Ft906 / 780DOM47 / 1New20Total72
Condo
Avg/Median Rent$3,076 / $2,995Range$2,300 – $3,610Rent per Sq Ft$2 / $2Sq Ft1,575 / 1,523DOM4 / 1New1Total4
Multi-Family
Avg/Median Rent$2,595 / $2,595Range$2,595 – $2,595Rent per Sq Ft$1 / $1Sq Ft2,084 / 2,084DOM84 / 84New0Total1
Single Family
Avg/Median Rent$3,109 / $3,200Range$1,699 – $4,300Rent per Sq Ft$2 / $2Sq Ft1,685 / 1,719DOM6 / 1New10Total35
Townhouse
Avg/Median Rent$2,916 / $2,795Range$890 – $5,981Rent per Sq Ft$2 / $2Sq Ft1,562 / 1,626DOM35 / 1New5Total20
Rentals by Bedroom Count
Studio
Avg:$1,645Median:$1,600Range:$1,600 – $1,695PSF:$3 / $3Sq Ft:530 / 520DOM:30 / 1New:3Total:6
1 Beds
Avg:$1,652Median:$1,685Range:$1,200 – $2,241PSF:$3 / $2Sq Ft:697 / 710DOM:52 / 1New:5Total:35
2 Beds
Avg:$2,530Median:$2,300Range:$1,600 – $5,981PSF:$2 / $2Sq Ft:1,207 / 985DOM:45 / 1New:13Total:43
3 Beds
Avg:$3,066Median:$3,100Range:$2,300 – $3,920PSF:$2 / $2Sq Ft:1,606 / 1,594DOM:6 / 1New:10Total:30
4 Beds
Avg:$3,300Median:$3,510Range:$890 – $3,895PSF:$2 / $2Sq Ft:1,984 / 1,852DOM:10 / 1New:4Total:13
5 Beds
Avg:$4,128Median:$3,600Range:$3,500 – $5,741PSF:$2 / $2Sq Ft:2,263 / 2,146DOM:48 / 1New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,645 | $1,600 | $1,600 – $1,695 | $3 / $3 | 530 / 520 | 30 / 1 | 3 | 6 |
| 1 Beds | $1,652 | $1,685 | $1,200 – $2,241 | $3 / $2 | 697 / 710 | 52 / 1 | 5 | 35 |
| 2 Beds | $2,530 | $2,300 | $1,600 – $5,981 | $2 / $2 | 1,207 / 985 | 45 / 1 | 13 | 43 |
| 3 Beds | $3,066 | $3,100 | $2,300 – $3,920 | $2 / $2 | 1,606 / 1,594 | 6 / 1 | 10 | 30 |
| 4 Beds | $3,300 | $3,510 | $890 – $3,895 | $2 / $2 | 1,984 / 1,852 | 10 / 1 | 4 | 13 |
| 5 Beds | $4,128 | $3,600 | $3,500 – $5,741 | $2 / $2 | 2,263 / 2,146 | 48 / 1 | 1 | 5 |
6-Month Sales Trend
Dec 2025
Median Price:$679,950Median DOM:47New:33Total:157
Jan 2026
Median Price:$694,995Median DOM:35New:49Total:163
Feb 2026
Median Price:$694,995Median DOM:30New:39Total:150
Mar 2026
Median Price:$699,950Median DOM:26New:54Total:161
Apr 2026
Median Price:$709,995Median DOM:27New:68Total:191
May 2026
Median Price:$725,000Median DOM:34New:19Total:193
6-Month Rental Trend
Dec 2025
Median Rent:$2,250Median DOM:1New:77Total:155
Jan 2026
Median Rent:$2,300Median DOM:1New:74Total:148
Feb 2026
Median Rent:$2,495Median DOM:1New:65Total:152
Mar 2026
Median Rent:$2,350Median DOM:1New:62Total:142
Apr 2026
Median Rent:$2,345Median DOM:1New:50Total:141
May 2026
Median Rent:$2,300Median DOM:1New:36Total:132
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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