ZIP 98108 Housing Market Report
Northwest Seattle
Report period: May 2026
98108 Monthly Market Update – May 2026
ZIP 98108 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$615,950
+2.7%
Median DOM (Sales)
42
−10.6%
New Listings (Sales)
19
−13.6%
Median Rent
$2,100
−10.4%
Median DOM (Rental)
15
−28.6%
Total Rental Listings
46
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened.
What's Moving Fastest
- Fastest selling: Single Family (13 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,550,000 median)
Sales Market Overview
Median Price
$615,950
+2.7%
Median DOM
42
−10.6%
New Listings
19
−13.6%
Inventory
145
+10.7%
- Average Price: $690,670
- Median Price: $615,950
- Price Range: $115,000 – $2,550,000
- Price per Sq Ft (Avg/Median): $468 / $466
- Square Footage (Avg/Median): 1,592 / 1,488
- Square Footage Range: 509 – 3,630
- Days on Market (Avg/Median): 60 / 42
- Days on Market Range: 2 – 362
- New Listings: 19
- Total Listings: 145
Sales by Property Type
Condo
Avg/Median Price$500,669 / $495,000Range$229,999 – $850,000Price per Sq Ft$530 / $487Sq Ft955 / 790DOM48 / 41New1Total16
Land
Avg/Median Price$520,969 / $350,000Range$115,000 – $2,550,000Price per Sq Ft—Sq Ft—DOM119 / 96New0Total18
Multi-Family
Avg/Median Price$1,299,600 / $1,550,000Range$638,000 – $1,950,000Price per Sq Ft$530 / $510Sq Ft2,455 / 3,183DOM107 / 94New1Total5
Single Family
Avg/Median Price$799,741 / $799,900Range$325,000 – $1,975,000Price per Sq Ft$447 / $436Sq Ft1,878 / 1,820DOM30 / 13New12Total59
Townhouse
Avg/Median Price$618,645 / $594,950Range$399,950 – $895,000Price per Sq Ft$465 / $457Sq Ft1,358 / 1,380DOM72 / 51New5Total47
Sales by Bedroom Count
1 Beds
Avg:$371,100Median:$325,000Range:$229,999 – $589,000PSF:$444 / $446Sq Ft:923 / 616DOM:57 / 46New:1Total:8
2 Beds
Avg:$532,544Median:$524,950Range:$399,950 – $795,000PSF:$497 / $504Sq Ft:1,135 / 1,061DOM:52 / 38New:4Total:41
3 Beds
Avg:$763,029Median:$735,000Range:$475,000 – $1,950,000PSF:$470 / $457Sq Ft:1,638 / 1,517DOM:61 / 47New:6Total:45
4 Beds
Avg:$928,975Median:$849,900Range:$595,000 – $1,975,000PSF:$452 / $453Sq Ft:2,092 / 1,930DOM:34 / 8New:7Total:24
5 Beds
Avg:$810,990Median:$860,000Range:$650,000 – $925,000PSF:$368 / $414Sq Ft:2,250 / 2,220DOM:41 / 46New:0Total:5
6 Beds
Avg:$1,431,667Median:$1,550,000Range:$1,195,000 – $1,550,000PSF:$434 / $487Sq Ft:3,332 / 3,183DOM:42 / 21New:1Total:3
7 Beds
Avg:$985,000Median:$985,000Range:$985,000 – $985,000PSF:$318 / $318Sq Ft:3,100 / 3,100DOM:14 / 14New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $371,100 | $325,000 | $229,999 – $589,000 | $444 / $446 | 923 / 616 | 57 / 46 | 1 | 8 |
| 2 Beds | $532,544 | $524,950 | $399,950 – $795,000 | $497 / $504 | 1,135 / 1,061 | 52 / 38 | 4 | 41 |
| 3 Beds | $763,029 | $735,000 | $475,000 – $1,950,000 | $470 / $457 | 1,638 / 1,517 | 61 / 47 | 6 | 45 |
| 4 Beds | $928,975 | $849,900 | $595,000 – $1,975,000 | $452 / $453 | 2,092 / 1,930 | 34 / 8 | 7 | 24 |
| 5 Beds | $810,990 | $860,000 | $650,000 – $925,000 | $368 / $414 | 2,250 / 2,220 | 41 / 46 | 0 | 5 |
| 6 Beds | $1,431,667 | $1,550,000 | $1,195,000 – $1,550,000 | $434 / $487 | 3,332 / 3,183 | 42 / 21 | 1 | 3 |
| 7 Beds | $985,000 | $985,000 | $985,000 – $985,000 | $318 / $318 | 3,100 / 3,100 | 14 / 14 | 0 | 1 |
Rental Market Overview
Median Rent
$2,100
−10.4%
Median DOM
15
−28.6%
New Listings
10
Inventory
46
0.0%
- Average Rent: $2,310
- Median Rent: $2,100
- Rent Range: $575 – $4,100
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,061 / 1,000
- Square Footage Range: 261 – 2,286
- Days on Market (Avg/Median): 69 / 15
- Days on Market Range: 1 – 359
- New Listings: 10
- Total Listings: 46
Rentals by Property Type
Apartment
$1,500
Median DOM: 43
Inventory: 20
MoM: −10.4%
Condo
$1,400
Median DOM: —
Inventory: 1
MoM: −10.4%
Single Family
$2,900
Median DOM: 1
Inventory: 12
MoM: −10.4%
Townhouse
$3,100
Median DOM: 1
Inventory: 12
MoM: −10.4%
Apartment
Avg/Median Rent$1,521 / $1,500Range$575 – $3,000Rent per Sq Ft$3 / $3Sq Ft591 / 580DOM109 / 43New2Total20
Condo
Avg/Median Rent$1,400 / $1,400Range$1,400 – $1,400Rent per Sq Ft$2 / $2Sq Ft700 / 700DOM—New0Total1
Multi-Family
Avg/Median Rent$2,199 / $2,199Range$2,199 – $2,199Rent per Sq Ft$2 / $2Sq Ft999 / 999DOM11 / 11New1Total1
Single Family
Avg/Median Rent$2,825 / $2,900Range$1,450 – $4,100Rent per Sq Ft$2 / $2Sq Ft1,374 / 1,182DOM68 / 1New5Total12
Townhouse
Avg/Median Rent$3,196 / $3,100Range$2,100 – $3,850Rent per Sq Ft$2 / $2Sq Ft1,487 / 1,290DOM16 / 1New2Total12
Rentals by Bedroom Count
Studio
Avg:$1,208Median:$1,250Range:$875 – $1,626PSF:$4 / $4Sq Ft:324 / 281DOM:90 / 82New:0Total:6
1 Beds
Avg:$1,512Median:$1,600Range:$575 – $1,825PSF:$3 / $3Sq Ft:628 / 625DOM:130 / 21New:2Total:13
2 Beds
Avg:$2,410Median:$2,800Range:$1,475 – $3,000PSF:$2 / $2Sq Ft:1,156 / 1,100DOM:24 / 1New:1Total:7
3 Beds
Avg:$3,088Median:$3,100Range:$1,895 – $3,850PSF:$2 / $2Sq Ft:1,453 / 1,290DOM:27 / 1New:6Total:17
4 Beds
Avg:$3,000Median:$3,000Range:$3,000 – $3,000PSF:$3 / $3Sq Ft:1,000 / 1,000DOM:252 / 252New:0Total:1
5 Beds
Avg:$2,900Median:$2,900Range:$2,900 – $2,900PSF:$2 / $2Sq Ft:1,680 / 1,680DOM:1 / 1New:1Total:1
6 Beds
Avg:$4,100Median:$4,100Range:$4,100 – $4,100PSF:$2 / $2Sq Ft:2,040 / 2,040DOM:201 / 201New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,208 | $1,250 | $875 – $1,626 | $4 / $4 | 324 / 281 | 90 / 82 | 0 | 6 |
| 1 Beds | $1,512 | $1,600 | $575 – $1,825 | $3 / $3 | 628 / 625 | 130 / 21 | 2 | 13 |
| 2 Beds | $2,410 | $2,800 | $1,475 – $3,000 | $2 / $2 | 1,156 / 1,100 | 24 / 1 | 1 | 7 |
| 3 Beds | $3,088 | $3,100 | $1,895 – $3,850 | $2 / $2 | 1,453 / 1,290 | 27 / 1 | 6 | 17 |
| 4 Beds | $3,000 | $3,000 | $3,000 – $3,000 | $3 / $3 | 1,000 / 1,000 | 252 / 252 | 0 | 1 |
| 5 Beds | $2,900 | $2,900 | $2,900 – $2,900 | $2 / $2 | 1,680 / 1,680 | 1 / 1 | 1 | 1 |
| 6 Beds | $4,100 | $4,100 | $4,100 – $4,100 | $2 / $2 | 2,040 / 2,040 | 201 / 201 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$604,950Median DOM:77New:8Total:112
Jan 2026
Median Price:$604,950Median DOM:77New:32Total:104
Feb 2026
Median Price:$615,950Median DOM:45New:35Total:118
Mar 2026
Median Price:$594,950Median DOM:40New:38Total:131
Apr 2026
Median Price:$599,950Median DOM:47New:22Total:131
May 2026
Median Price:$615,950Median DOM:42New:19Total:145
6-Month Rental Trend
Dec 2025
Median Rent:$2,800Median DOM:13New:21Total:59
Jan 2026
Median Rent:$2,795Median DOM:1New:19Total:49
Feb 2026
Median Rent:$2,600Median DOM:1New:22Total:54
Mar 2026
Median Rent:$2,600Median DOM:3New:16Total:50
Apr 2026
Median Rent:$2,345Median DOM:21New:16Total:46
May 2026
Median Rent:$2,100Median DOM:15New:10Total:46
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory was flat.
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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