ZIP 98104 Housing Market Report
Northwest Seattle
Report period: May 2026
98104 Monthly Market Update – May 2026
ZIP 98104 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,000
0.0%
Median DOM (Sales)
74
+5.7%
New Listings (Sales)
2
−88.9%
Median Rent
$1,650
−0.8%
Median DOM (Rental)
68
−1.4%
Total Rental Listings
90
−2.2%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (13 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 4 Beds ($8,600,000 median)
Sales Market Overview
Median Price
$499,000
0.0%
Median DOM
74
+5.7%
New Listings
2
−88.9%
Inventory
92
+2.2%
- Average Price: $891,035
- Median Price: $499,000
- Price Range: $219,000 – $8,600,000
- Price per Sq Ft (Avg/Median): $712 / $666
- Square Footage (Avg/Median): 1,037 / 793
- Square Footage Range: 320 – 6,918
- Days on Market (Avg/Median): 85 / 74
- Days on Market Range: 2 – 364
- New Listings: 2
- Total Listings: 92
Sales by Property Type
Condo
Avg/Median Price$842,169 / $490,000Range$219,000 – $8,600,000Price per Sq Ft$712 / $666Sq Ft1,037 / 793DOM86 / 76New2Total90
Land
Avg/Median Price$3,090,000 / $2,890,000Range$2,890,000 – $3,290,000Price per Sq Ft—Sq Ft—DOM33 / 13New0Total2
Sales by Bedroom Count
Studio
Avg:$279,160Median:$252,000Range:$240,000 – $360,000PSF:$677 / $681Sq Ft:420 / 433DOM:52 / 31New:0Total:5
1 Beds
Avg:$468,839Median:$410,000Range:$219,000 – $1,250,000PSF:$689 / $697Sq Ft:687 / 587DOM:85 / 54New:2Total:50
2 Beds
Avg:$1,067,984Median:$674,900Range:$365,000 – $4,000,000PSF:$722 / $581Sq Ft:1,330 / 1,115DOM:91 / 85New:0Total:31
3 Beds
Avg:$3,083,333Median:$1,250,000Range:$1,100,000 – $6,900,000PSF:$882 / $596Sq Ft:2,906 / 2,285DOM:87 / 74New:0Total:3
4 Beds
Avg:$8,600,000Median:$8,600,000Range:$8,600,000 – $8,600,000PSF:$1,243 / $1,243Sq Ft:6,918 / 6,918DOM:154 / 154New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $279,160 | $252,000 | $240,000 – $360,000 | $677 / $681 | 420 / 433 | 52 / 31 | 0 | 5 |
| 1 Beds | $468,839 | $410,000 | $219,000 – $1,250,000 | $689 / $697 | 687 / 587 | 85 / 54 | 2 | 50 |
| 2 Beds | $1,067,984 | $674,900 | $365,000 – $4,000,000 | $722 / $581 | 1,330 / 1,115 | 91 / 85 | 0 | 31 |
| 3 Beds | $3,083,333 | $1,250,000 | $1,100,000 – $6,900,000 | $882 / $596 | 2,906 / 2,285 | 87 / 74 | 0 | 3 |
| 4 Beds | $8,600,000 | $8,600,000 | $8,600,000 – $8,600,000 | $1,243 / $1,243 | 6,918 / 6,918 | 154 / 154 | 0 | 1 |
Rental Market Overview
Median Rent
$1,650
−0.8%
Median DOM
68
−1.4%
New Listings
10
Inventory
90
−2.2%
- Average Rent: $1,831
- Median Rent: $1,650
- Rent Range: $610 – $7,825
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 610 / 544
- Square Footage Range: 252 – 1,615
- Days on Market (Avg/Median): 110 / 68
- Days on Market Range: 1 – 348
- New Listings: 10
- Total Listings: 90
Rentals by Property Type
Apartment
$1,400
Median DOM: 176
Inventory: 63
MoM: −0.8%
Condo
$2,200
Median DOM: 30
Inventory: 22
MoM: −0.8%
Single Family
$1,595
Median DOM: 1
Inventory: 5
MoM: −0.8%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −0.8%
Apartment
Avg/Median Rent$1,606 / $1,400Range$610 – $5,226Rent per Sq Ft$3 / $3Sq Ft539 / 494DOM174 / 176New3Total63
Condo
Avg/Median Rent$2,530 / $2,200Range$1,400 – $7,825Rent per Sq Ft$3 / $3Sq Ft794 / 703DOM47 / 30New5Total22
Single Family
Avg/Median Rent$1,577 / $1,595Range$1,395 – $1,750Rent per Sq Ft$3 / $3Sq Ft562 / 564DOM1 / 1New2Total5
Rentals by Bedroom Count
Studio
Avg:$1,333Median:$1,275Range:$610 – $2,475PSF:$3 / $3Sq Ft:467 / 473DOM:153 / 159New:0Total:37
1 Beds
Avg:$2,032Median:$1,795Range:$1,195 – $5,226PSF:$3 / $3Sq Ft:633 / 609DOM:90 / 36New:8Total:44
2 Beds
Avg:$2,489Median:$2,200Range:$2,175 – $3,850PSF:$3 / $3Sq Ft:917 / 863DOM:99 / 45New:2Total:7
3 Beds
Avg:$7,825Median:$7,825Range:$7,825 – $7,825PSF:$5 / $5Sq Ft:1,615 / 1,615DOM:19 / 19New:0Total:1
4 Beds
Avg:$780Median:$780Range:$780 – $780PSF:$1 / $1Sq Ft:900 / 900DOM:103 / 103New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,333 | $1,275 | $610 – $2,475 | $3 / $3 | 467 / 473 | 153 / 159 | 0 | 37 |
| 1 Beds | $2,032 | $1,795 | $1,195 – $5,226 | $3 / $3 | 633 / 609 | 90 / 36 | 8 | 44 |
| 2 Beds | $2,489 | $2,200 | $2,175 – $3,850 | $3 / $3 | 917 / 863 | 99 / 45 | 2 | 7 |
| 3 Beds | $7,825 | $7,825 | $7,825 – $7,825 | $5 / $5 | 1,615 / 1,615 | 19 / 19 | 0 | 1 |
| 4 Beds | $780 | $780 | $780 – $780 | $1 / $1 | 900 / 900 | 103 / 103 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$499,950Median DOM:117New:3Total:69
Jan 2026
Median Price:$499,950Median DOM:77New:27Total:78
Feb 2026
Median Price:$499,000Median DOM:57New:15Total:90
Mar 2026
Median Price:$499,000Median DOM:61New:17Total:83
Apr 2026
Median Price:$499,000Median DOM:70New:18Total:90
May 2026
Median Price:$499,000Median DOM:74New:2Total:92
6-Month Rental Trend
Dec 2025
Median Rent:$1,704Median DOM:37New:24Total:85
Jan 2026
Median Rent:$1,795Median DOM:47New:15Total:90
Feb 2026
Median Rent:$1,699Median DOM:72New:16Total:87
Mar 2026
Median Rent:$1,650Median DOM:61New:18Total:91
Apr 2026
Median Rent:$1,663Median DOM:69New:13Total:92
May 2026
Median Rent:$1,650Median DOM:68New:10Total:90
Key Market Takeaways
Median sale prices held steady 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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