ZIP 98106 Housing Market Report
Northwest Seattle
Report period: May 2026
98106 Monthly Market Update – May 2026
ZIP 98106 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$699,900
0.0%
Median DOM (Sales)
27
+17.4%
New Listings (Sales)
15
−75.0%
Median Rent
$2,350
−2.0%
Median DOM (Rental)
12
+20.0%
Total Rental Listings
85
−2.3%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (14 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,079,900 median)
Sales Market Overview
Median Price
$699,900
0.0%
Median DOM
27
+17.4%
New Listings
15
−75.0%
Inventory
161
+2.5%
- Average Price: $731,849
- Median Price: $699,900
- Price Range: $79,000 – $1,499,888
- Price per Sq Ft (Avg/Median): $484 / $466
- Square Footage (Avg/Median): 1,653 / 1,540
- Square Footage Range: 637 – 4,560
- Days on Market (Avg/Median): 42 / 27
- Days on Market Range: 1 – 220
- New Listings: 15
- Total Listings: 161
Sales by Property Type
Condo
Avg/Median Price$654,593 / $618,000Range$388,000 – $998,000Price per Sq Ft$556 / $573Sq Ft1,267 / 1,088DOM35 / 33New1Total15
Land
Avg/Median Price$397,988 / $350,000Range$79,000 – $875,000Price per Sq Ft—Sq Ft—DOM55 / 35New1Total8
Multi-Family
Avg/Median Price$757,500 / $715,000Range$525,000 – $1,100,000Price per Sq Ft$440 / $447Sq Ft1,810 / 1,440DOM102 / 72New1Total8
Single Family
Avg/Median Price$820,575 / $799,000Range$349,900 – $1,499,888Price per Sq Ft$474 / $444Sq Ft1,853 / 1,800DOM30 / 14New10Total84
Townhouse
Avg/Median Price$648,623 / $649,900Range$449,900 – $999,950Price per Sq Ft$487 / $467Sq Ft1,386 / 1,260DOM56 / 36New2Total46
Sales by Bedroom Count
2 Beds
Avg:$581,546Median:$585,000Range:$388,000 – $759,900PSF:$579 / $573Sq Ft:1,030 / 1,059DOM:46 / 23New:5Total:41
3 Beds
Avg:$694,581Median:$680,000Range:$349,900 – $980,000PSF:$476 / $480Sq Ft:1,516 / 1,500DOM:40 / 30New:2Total:65
4 Beds
Avg:$942,977Median:$899,950Range:$699,900 – $1,499,888PSF:$420 / $400Sq Ft:2,275 / 2,280DOM:37 / 14New:6Total:31
5 Beds
Avg:$1,047,027Median:$1,079,900Range:$650,000 – $1,498,000PSF:$407 / $416Sq Ft:2,612 / 2,607DOM:39 / 27New:1Total:15
7 Beds
Avg:$715,000Median:$715,000Range:$715,000 – $715,000PSF:$298 / $298Sq Ft:2,400 / 2,400DOM:155 / 155New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $581,546 | $585,000 | $388,000 – $759,900 | $579 / $573 | 1,030 / 1,059 | 46 / 23 | 5 | 41 |
| 3 Beds | $694,581 | $680,000 | $349,900 – $980,000 | $476 / $480 | 1,516 / 1,500 | 40 / 30 | 2 | 65 |
| 4 Beds | $942,977 | $899,950 | $699,900 – $1,499,888 | $420 / $400 | 2,275 / 2,280 | 37 / 14 | 6 | 31 |
| 5 Beds | $1,047,027 | $1,079,900 | $650,000 – $1,498,000 | $407 / $416 | 2,612 / 2,607 | 39 / 27 | 1 | 15 |
| 7 Beds | $715,000 | $715,000 | $715,000 – $715,000 | $298 / $298 | 2,400 / 2,400 | 155 / 155 | 0 | 1 |
Rental Market Overview
Median Rent
$2,350
−2.0%
Median DOM
12
+20.0%
New Listings
15
Inventory
85
−2.3%
- Average Rent: $2,566
- Median Rent: $2,350
- Rent Range: $783 – $9,694
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,024 / 850
- Square Footage Range: 250 – 3,121
- Days on Market (Avg/Median): 61 / 12
- Days on Market Range: 1 – 320
- New Listings: 15
- Total Listings: 85
Rentals by Property Type
Apartment
$1,500
Median DOM: 40
Inventory: 36
MoM: −2.0%
Condo
$1,500
Median DOM: 1
Inventory: 6
MoM: −2.0%
Single Family
$2,795
Median DOM: 1
Inventory: 27
MoM: −2.0%
Townhouse
$3,200
Median DOM: 16
Inventory: 15
MoM: −2.0%
Apartment
Avg/Median Rent$1,981 / $1,500Range$783 – $9,694Rent per Sq Ft$3 / $3Sq Ft730 / 650DOM80 / 40New5Total36
Condo
Avg/Median Rent$1,906 / $1,500Range$1,495 – $2,450Rent per Sq Ft$3 / $3Sq Ft744 / 675DOM1 / 1New2Total6
Multi-Family
Avg/Median Rent$2,950 / $2,950Range$2,950 – $2,950Rent per Sq Ft$3 / $3Sq Ft1,175 / 1,175DOM33 / 33New0Total1
Single Family
Avg/Median Rent$3,115 / $2,795Range$800 – $6,500Rent per Sq Ft$3 / $3Sq Ft1,323 / 1,160DOM53 / 1New5Total27
Townhouse
Avg/Median Rent$3,222 / $3,200Range$2,000 – $4,779Rent per Sq Ft$2 / $2Sq Ft1,315 / 1,290DOM57 / 16New3Total15
Rentals by Bedroom Count
Studio
Avg:$1,250Median:$1,300Range:$783 – $1,699PSF:$4 / $4Sq Ft:378 / 355DOM:50 / 40New:0Total:7
1 Beds
Avg:$1,526Median:$1,495Range:$800 – $2,350PSF:$2 / $2Sq Ft:660 / 650DOM:102 / 22New:5Total:28
2 Beds
Avg:$2,962Median:$2,500Range:$1,675 – $9,694PSF:$3 / $3Sq Ft:952 / 875DOM:36 / 7New:5Total:26
3 Beds
Avg:$3,379Median:$3,200Range:$2,595 – $6,484PSF:$2 / $2Sq Ft:1,509 / 1,321DOM:28 / 1New:5Total:19
4 Beds
Avg:$5,424Median:$5,000Range:$4,195 – $6,500PSF:$3 / $2Sq Ft:2,001 / 2,150DOM:187 / 132New:0Total:4
5 Beds
Avg:$3,749Median:$3,749Range:$3,749 – $3,749PSF:$1 / $1Sq Ft:2,550 / 2,550DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,250 | $1,300 | $783 – $1,699 | $4 / $4 | 378 / 355 | 50 / 40 | 0 | 7 |
| 1 Beds | $1,526 | $1,495 | $800 – $2,350 | $2 / $2 | 660 / 650 | 102 / 22 | 5 | 28 |
| 2 Beds | $2,962 | $2,500 | $1,675 – $9,694 | $3 / $3 | 952 / 875 | 36 / 7 | 5 | 26 |
| 3 Beds | $3,379 | $3,200 | $2,595 – $6,484 | $2 / $2 | 1,509 / 1,321 | 28 / 1 | 5 | 19 |
| 4 Beds | $5,424 | $5,000 | $4,195 – $6,500 | $3 / $2 | 2,001 / 2,150 | 187 / 132 | 0 | 4 |
| 5 Beds | $3,749 | $3,749 | $3,749 – $3,749 | $1 / $1 | 2,550 / 2,550 | — | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$664,900Median DOM:56New:13Total:111
Jan 2026
Median Price:$688,950Median DOM:42New:42Total:117
Feb 2026
Median Price:$699,950Median DOM:27New:25Total:110
Mar 2026
Median Price:$700,000Median DOM:20New:48Total:128
Apr 2026
Median Price:$699,900Median DOM:23New:60Total:157
May 2026
Median Price:$699,900Median DOM:27New:15Total:161
6-Month Rental Trend
Dec 2025
Median Rent:$2,500Median DOM:13New:36Total:107
Jan 2026
Median Rent:$2,400Median DOM:9New:33Total:102
Feb 2026
Median Rent:$2,195Median DOM:17New:24Total:99
Mar 2026
Median Rent:$2,095Median DOM:11New:23Total:88
Apr 2026
Median Rent:$2,399Median DOM:10New:24Total:87
May 2026
Median Rent:$2,350Median DOM:12New:15Total:85
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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