ZIP 98101 Housing Market Report
Northwest Seattle
Report period: May 2026
98101 Monthly Market Update – May 2026
ZIP 98101 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$638,000
−0.2%
Median DOM (Sales)
54
−3.6%
New Listings (Sales)
8
−80.0%
Median Rent
$2,275
+1.1%
Median DOM (Rental)
33
−5.7%
Total Rental Listings
140
+6.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (54 DOM)
- Fastest renting: Single Family (6 DOM)
- Strongest bedroom: 4 Beds ($6,500,000 median)
Sales Market Overview
Median Price
$638,000
−0.2%
Median DOM
54
−3.6%
New Listings
8
−80.0%
Inventory
153
+0.7%
- Average Price: $1,066,033
- Median Price: $638,000
- Price Range: $55,000 – $8,175,000
- Price per Sq Ft (Avg/Median): $883 / $788
- Square Footage (Avg/Median): 1,101 / 940
- Square Footage Range: 310 – 4,488
- Days on Market (Avg/Median): 75 / 54
- Days on Market Range: 2 – 361
- New Listings: 8
- Total Listings: 153
Sales by Property Type
Condo
Avg/Median Price$1,066,033 / $638,000Range$55,000 – $8,175,000Price per Sq Ft$883 / $788Sq Ft1,101 / 940DOM75 / 54New8Total153
Sales by Bedroom Count
Studio
Avg:$350,993Median:$369,000Range:$55,000 – $630,000PSF:$944 / $672Sq Ft:479 / 424DOM:92 / 84New:0Total:15
1 Beds
Avg:$567,765Median:$595,000Range:$289,950 – $899,995PSF:$762 / $736Sq Ft:756 / 727DOM:71 / 47New:7Total:71
2 Beds
Avg:$1,633,371Median:$1,199,900Range:$395,880 – $8,175,000PSF:$980 / $884Sq Ft:1,502 / 1,392DOM:77 / 60New:1Total:59
3 Beds
Avg:$2,093,999Median:$1,275,000Range:$599,000 – $6,200,000PSF:$985 / $750Sq Ft:1,957 / 1,666DOM:59 / 43New:0Total:7
4 Beds
Avg:$6,500,000Median:$6,500,000Range:$6,500,000 – $6,500,000PSF:$2,164 / $2,164Sq Ft:3,004 / 3,004DOM:159 / 159New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $350,993 | $369,000 | $55,000 – $630,000 | $944 / $672 | 479 / 424 | 92 / 84 | 0 | 15 |
| 1 Beds | $567,765 | $595,000 | $289,950 – $899,995 | $762 / $736 | 756 / 727 | 71 / 47 | 7 | 71 |
| 2 Beds | $1,633,371 | $1,199,900 | $395,880 – $8,175,000 | $980 / $884 | 1,502 / 1,392 | 77 / 60 | 1 | 59 |
| 3 Beds | $2,093,999 | $1,275,000 | $599,000 – $6,200,000 | $985 / $750 | 1,957 / 1,666 | 59 / 43 | 0 | 7 |
| 4 Beds | $6,500,000 | $6,500,000 | $6,500,000 – $6,500,000 | $2,164 / $2,164 | 3,004 / 3,004 | 159 / 159 | 0 | 1 |
Rental Market Overview
Median Rent
$2,275
+1.1%
Median DOM
33
−5.7%
New Listings
22
Inventory
140
+6.1%
- Average Rent: $2,782
- Median Rent: $2,275
- Rent Range: $737 – $8,027
- Rent per Sq Ft (Avg/Median): $4 / $3
- Square Footage (Avg/Median): 802 / 644
- Square Footage Range: 293 – 2,462
- Days on Market (Avg/Median): 62 / 33
- Days on Market Range: 1 – 306
- New Listings: 22
- Total Listings: 140
Rentals by Property Type
Apartment
$2,069
Median DOM: 49
Inventory: 99
MoM: +1.1%
Condo
$3,300
Median DOM: 21
Inventory: 36
MoM: +1.1%
Single Family
$4,500
Median DOM: 6
Inventory: 4
MoM: +1.1%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +1.1%
Apartment
Avg/Median Rent$2,405 / $2,069Range$737 – $8,027Rent per Sq Ft$3 / $3Sq Ft746 / 615DOM78 / 49New11Total99
Condo
Avg/Median Rent$3,668 / $3,300Range$1,395 – $7,950Rent per Sq Ft$4 / $4Sq Ft904 / 751DOM33 / 21New10Total36
Multi-Family
Avg/Median Rent$1,675 / $1,675Range$1,675 – $1,675Rent per Sq Ft$3 / $3Sq Ft486 / 486DOM71 / 71New0Total1
Single Family
Avg/Median Rent$4,398 / $4,500Range$2,095 – $6,000Rent per Sq Ft$3 / $3Sq Ft1,307 / 1,350DOM19 / 6New1Total4
Rentals by Bedroom Count
Studio
Avg:$1,588Median:$1,595Range:$737 – $2,477PSF:$4 / $3Sq Ft:450 / 438DOM:67 / 27New:4Total:32
1 Beds
Avg:$2,460Median:$2,123Range:$1,295 – $7,040PSF:$4 / $4Sq Ft:629 / 636DOM:61 / 35New:12Total:63
2 Beds
Avg:$4,129Median:$3,995Range:$2,645 – $8,027PSF:$3 / $3Sq Ft:1,196 / 1,161DOM:44 / 23New:5Total:34
3 Beds
Avg:$3,931Median:$3,307Range:$2,973 – $6,000PSF:$2 / $2Sq Ft:1,600 / 1,383DOM:113 / 76New:1Total:11
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,588 | $1,595 | $737 – $2,477 | $4 / $3 | 450 / 438 | 67 / 27 | 4 | 32 |
| 1 Beds | $2,460 | $2,123 | $1,295 – $7,040 | $4 / $4 | 629 / 636 | 61 / 35 | 12 | 63 |
| 2 Beds | $4,129 | $3,995 | $2,645 – $8,027 | $3 / $3 | 1,196 / 1,161 | 44 / 23 | 5 | 34 |
| 3 Beds | $3,931 | $3,307 | $2,973 – $6,000 | $2 / $2 | 1,600 / 1,383 | 113 / 76 | 1 | 11 |
6-Month Sales Trend
Dec 2025
Median Price:$685,000Median DOM:91New:12Total:107
Jan 2026
Median Price:$665,000Median DOM:69New:43Total:126
Feb 2026
Median Price:$640,000Median DOM:45New:28Total:131
Mar 2026
Median Price:$649,950Median DOM:58New:30Total:136
Apr 2026
Median Price:$639,000Median DOM:56New:40Total:152
May 2026
Median Price:$638,000Median DOM:54New:8Total:153
6-Month Rental Trend
Dec 2025
Median Rent:$2,221Median DOM:49New:36Total:127
Jan 2026
Median Rent:$2,144Median DOM:44New:30Total:134
Feb 2026
Median Rent:$2,130Median DOM:44New:20Total:121
Mar 2026
Median Rent:$2,207Median DOM:33New:27Total:127
Apr 2026
Median Rent:$2,250Median DOM:35New:34Total:132
May 2026
Median Rent:$2,275Median DOM:33New:22Total:140
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 increased.
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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