ZIP 98112 Housing Market Report
Northwest Seattle
Report period: May 2026
98112 Monthly Market Update – May 2026
ZIP 98112 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,425,000
+2.2%
Median DOM (Sales)
25
+8.7%
New Listings (Sales)
13
−76.4%
Median Rent
$2,195
0.0%
Median DOM (Rental)
30
−3.2%
Total Rental Listings
104
−1.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (11 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($2,965,000 median)
Sales Market Overview
Median Price
$1,425,000
+2.2%
Median DOM
25
+8.7%
New Listings
13
−76.4%
Inventory
148
+8.0%
- Average Price: $1,885,252
- Median Price: $1,425,000
- Price Range: $230,000 – $8,895,000
- Price per Sq Ft (Avg/Median): $724 / $673
- Square Footage (Avg/Median): 2,542 / 2,250
- Square Footage Range: 327 – 8,034
- Days on Market (Avg/Median): 40 / 25
- Days on Market Range: 2 – 259
- New Listings: 13
- Total Listings: 148
Sales by Property Type
Condo
Avg/Median Price$670,535 / $629,000Range$315,000 – $1,650,000Price per Sq Ft$689 / $645Sq Ft980 / 960DOM59 / 40New2Total34
Land
Avg/Median Price$1,031,244 / $575,000Range$230,000 – $1,695,000Price per Sq Ft—Sq Ft—DOM101 / 61New0Total8
Multi-Family
Avg/Median Price$1,537,475 / $1,425,000Range$1,425,000 – $1,649,950Price per Sq Ft$369 / $353Sq Ft4,188 / 3,695DOM35 / 33New0Total2
Single Family
Avg/Median Price$2,729,849 / $2,298,000Range$799,950 – $8,895,000Price per Sq Ft$773 / $741Sq Ft3,414 / 3,290DOM23 / 11New9Total81
Townhouse
Avg/Median Price$1,033,757 / $995,000Range$675,000 – $1,470,000Price per Sq Ft$635 / $619Sq Ft1,639 / 1,590DOM62 / 40New2Total23
Sales by Bedroom Count
Studio
Avg:$584,333Median:$399,000Range:$354,000 – $1,000,000PSF:$912 / $980Sq Ft:739 / 407DOM:33 / 40New:0Total:3
1 Beds
Avg:$538,544Median:$485,000Range:$315,000 – $875,000PSF:$690 / $647Sq Ft:770 / 800DOM:58 / 55New:0Total:9
2 Beds
Avg:$772,162Median:$650,000Range:$379,500 – $1,650,000PSF:$647 / $629Sq Ft:1,180 / 1,025DOM:54 / 40New:2Total:30
3 Beds
Avg:$1,808,329Median:$1,275,000Range:$849,000 – $4,250,000PSF:$737 / $662Sq Ft:2,358 / 1,960DOM:39 / 14New:4Total:39
4 Beds
Avg:$2,745,381Median:$2,298,000Range:$799,950 – $8,895,000PSF:$762 / $754Sq Ft:3,483 / 3,180DOM:25 / 13New:5Total:39
5 Beds
Avg:$3,250,418Median:$2,965,000Range:$995,000 – $7,295,000PSF:$749 / $690Sq Ft:4,152 / 3,880DOM:27 / 8New:2Total:19
8 Beds
Avg:$1,649,950Median:$1,649,950Range:$1,649,950 – $1,649,950PSF:$353 / $353Sq Ft:4,680 / 4,680DOM:33 / 33New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $584,333 | $399,000 | $354,000 – $1,000,000 | $912 / $980 | 739 / 407 | 33 / 40 | 0 | 3 |
| 1 Beds | $538,544 | $485,000 | $315,000 – $875,000 | $690 / $647 | 770 / 800 | 58 / 55 | 0 | 9 |
| 2 Beds | $772,162 | $650,000 | $379,500 – $1,650,000 | $647 / $629 | 1,180 / 1,025 | 54 / 40 | 2 | 30 |
| 3 Beds | $1,808,329 | $1,275,000 | $849,000 – $4,250,000 | $737 / $662 | 2,358 / 1,960 | 39 / 14 | 4 | 39 |
| 4 Beds | $2,745,381 | $2,298,000 | $799,950 – $8,895,000 | $762 / $754 | 3,483 / 3,180 | 25 / 13 | 5 | 39 |
| 5 Beds | $3,250,418 | $2,965,000 | $995,000 – $7,295,000 | $749 / $690 | 4,152 / 3,880 | 27 / 8 | 2 | 19 |
| 8 Beds | $1,649,950 | $1,649,950 | $1,649,950 – $1,649,950 | $353 / $353 | 4,680 / 4,680 | 33 / 33 | 0 | 1 |
Rental Market Overview
Median Rent
$2,195
0.0%
Median DOM
30
−3.2%
New Listings
15
Inventory
104
−1.0%
- Average Rent: $2,729
- Median Rent: $2,195
- Rent Range: $874 – $8,975
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 991 / 666
- Square Footage Range: 250 – 5,010
- Days on Market (Avg/Median): 81 / 30
- Days on Market Range: 1 – 349
- New Listings: 15
- Total Listings: 104
Rentals by Property Type
Apartment
$1,699
Median DOM: 110
Inventory: 68
MoM: 0.0%
Condo
$2,250
Median DOM: 5
Inventory: 4
MoM: 0.0%
Single Family
$4,495
Median DOM: 1
Inventory: 22
MoM: 0.0%
Townhouse
$4,395
Median DOM: 1
Inventory: 8
MoM: 0.0%
Apartment
Avg/Median Rent$1,857 / $1,699Range$874 – $4,966Rent per Sq Ft$3 / $3Sq Ft583 / 532DOM122 / 110New3Total68
Condo
Avg/Median Rent$2,649 / $2,250Range$2,200 – $3,800Rent per Sq Ft$4 / $4Sq Ft640 / 500DOM18 / 5New0Total4
Multi-Family
Avg/Median Rent$2,150 / $2,100Range$2,100 – $2,200Rent per Sq Ft$3 / $3Sq Ft700 / 700DOM30 / 25New0Total2
Single Family
Avg/Median Rent$4,864 / $4,495Range$1,550 – $8,975Rent per Sq Ft$3 / $3Sq Ft2,075 / 1,928DOM12 / 1New9Total22
Townhouse
Avg/Median Rent$4,453 / $4,395Range$2,750 – $6,618Rent per Sq Ft$3 / $3Sq Ft1,587 / 1,700DOM49 / 1New3Total8
Rentals by Bedroom Count
Studio
Avg:$1,414Median:$1,395Range:$874 – $2,250PSF:$4 / $4Sq Ft:402 / 400DOM:137 / 160New:2Total:31
1 Beds
Avg:$2,057Median:$1,995Range:$1,330 – $3,800PSF:$3 / $3Sq Ft:628 / 630DOM:113 / 68New:3Total:31
2 Beds
Avg:$2,989Median:$2,695Range:$1,995 – $6,618PSF:$3 / $3Sq Ft:946 / 900DOM:44 / 14New:1Total:23
3 Beds
Avg:$4,936Median:$4,495Range:$3,995 – $8,500PSF:$3 / $3Sq Ft:1,964 / 1,760DOM:5 / 1New:5Total:10
4 Beds
Avg:$5,616Median:$4,950Range:$3,800 – $7,850PSF:$2 / $2Sq Ft:2,668 / 2,500DOM:5 / 1New:2Total:6
5 Beds
Avg:$7,500Median:$7,500Range:$7,500 – $7,500PSF:$2 / $2Sq Ft:3,300 / 3,300DOM:1 / 1New:1Total:1
6 Beds
Avg:$8,975Median:$8,975Range:$8,975 – $8,975PSF:$2 / $2Sq Ft:4,190 / 4,190DOM:2 / 2New:1Total:1
8 Beds
Avg:$7,950Median:$7,950Range:$7,950 – $7,950PSF:$2 / $2Sq Ft:5,010 / 5,010DOM:161 / 161New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,414 | $1,395 | $874 – $2,250 | $4 / $4 | 402 / 400 | 137 / 160 | 2 | 31 |
| 1 Beds | $2,057 | $1,995 | $1,330 – $3,800 | $3 / $3 | 628 / 630 | 113 / 68 | 3 | 31 |
| 2 Beds | $2,989 | $2,695 | $1,995 – $6,618 | $3 / $3 | 946 / 900 | 44 / 14 | 1 | 23 |
| 3 Beds | $4,936 | $4,495 | $3,995 – $8,500 | $3 / $3 | 1,964 / 1,760 | 5 / 1 | 5 | 10 |
| 4 Beds | $5,616 | $4,950 | $3,800 – $7,850 | $2 / $2 | 2,668 / 2,500 | 5 / 1 | 2 | 6 |
| 5 Beds | $7,500 | $7,500 | $7,500 – $7,500 | $2 / $2 | 3,300 / 3,300 | 1 / 1 | 1 | 1 |
| 6 Beds | $8,975 | $8,975 | $8,975 – $8,975 | $2 / $2 | 4,190 / 4,190 | 2 / 2 | 1 | 1 |
| 8 Beds | $7,950 | $7,950 | $7,950 – $7,950 | $2 / $2 | 5,010 / 5,010 | 161 / 161 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$1,100,000Median DOM:74New:9Total:103
Jan 2026
Median Price:$1,100,000Median DOM:72New:28Total:97
Feb 2026
Median Price:$1,195,000Median DOM:23New:41Total:113
Mar 2026
Median Price:$1,299,000Median DOM:26New:39Total:126
Apr 2026
Median Price:$1,395,000Median DOM:23New:55Total:137
May 2026
Median Price:$1,425,000Median DOM:25New:13Total:148
6-Month Rental Trend
Dec 2025
Median Rent:$1,800Median DOM:28New:41Total:130
Jan 2026
Median Rent:$1,850Median DOM:18New:49Total:137
Feb 2026
Median Rent:$1,850Median DOM:23New:21Total:128
Mar 2026
Median Rent:$2,195Median DOM:23New:27Total:112
Apr 2026
Median Rent:$2,195Median DOM:31New:19Total:105
May 2026
Median Rent:$2,195Median DOM:30New:15Total:104
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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