ZIP 98112 Housing Market Report
Northwest Seattle
Report period: March 2026
98112 Monthly Market Update – March 2026
ZIP 98112 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$1,195,000
0.0%
Median DOM (Sales)
28
+21.7%
New Listings (Sales)
10
−75.6%
Median Rent
$1,995
+7.8%
Median DOM (Rental)
21
−8.7%
Total Rental Listings
126
−1.6%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (16 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($4,395,000 median)
Sales Market Overview
Median Price
$1,195,000
0.0%
Median DOM
28
+21.7%
New Listings
10
−75.6%
Inventory
117
+3.5%
- Average Price: $1,825,197
- Median Price: $1,195,000
- Price Range: $230,000 – $9,990,000
- Price per Sq Ft (Avg/Median): $723 / $674
- Square Footage (Avg/Median): 2,505 / 1,803
- Square Footage Range: 501 – 13,405
- Days on Market (Avg/Median): 63 / 28
- Days on Market Range: 1 – 323
- New Listings: 10
- Total Listings: 117
Sales by Property Type
Condo
Avg/Median Price$852,847 / $650,000Range$349,000 – $5,500,000Price per Sq Ft$754 / $683Sq Ft1,025 / 963DOM54 / 29New5Total32
Land
Avg/Median Price$1,175,544 / $549,950Range$230,000 – $2,990,000Price per Sq Ft—Sq Ft—DOM239 / 271New0Total9
Multi-Family
Avg/Median Price$2,347,790 / $1,699,950Range$1,100,000 – $5,490,000Price per Sq Ft$451 / $431Sq Ft5,446 / 3,510DOM33 / 16New1Total5
Single Family
Avg/Median Price$2,806,852 / $1,899,000Range$945,000 – $9,990,000Price per Sq Ft$767 / $713Sq Ft3,477 / 2,900DOM57 / 21New2Total51
Townhouse
Avg/Median Price$1,039,435 / $984,900Range$750,000 – $1,470,000Price per Sq Ft$629 / $618Sq Ft1,660 / 1,667DOM57 / 21New2Total20
Sales by Bedroom Count
1 Beds
Avg:$597,225Median:$485,000Range:$349,000 – $875,000PSF:$750 / $738Sq Ft:790 / 812DOM:36 / 28New:1Total:8
2 Beds
Avg:$974,910Median:$660,000Range:$379,500 – $5,500,000PSF:$737 / $644Sq Ft:1,203 / 1,025DOM:59 / 29New:5Total:30
3 Beds
Avg:$1,655,533Median:$1,195,000Range:$850,000 – $5,490,000PSF:$700 / $684Sq Ft:2,433 / 1,803DOM:59 / 28New:1Total:33
4 Beds
Avg:$2,928,928Median:$1,899,000Range:$1,209,100 – $9,850,000PSF:$780 / $754Sq Ft:3,510 / 2,940DOM:39 / 21New:1Total:20
5 Beds
Avg:$2,910,727Median:$2,195,000Range:$1,100,000 – $7,498,000PSF:$695 / $575Sq Ft:3,836 / 3,660DOM:28 / 13New:2Total:11
6 Beds
Avg:$7,192,500Median:$4,395,000Range:$4,395,000 – $9,990,000PSF:$900 / $589Sq Ft:7,854 / 7,457DOM:151 / 12New:0Total:2
7 Beds
Avg:$2,965,000Median:$945,000Range:$945,000 – $4,985,000PSF:$445 / $355Sq Ft:5,995 / 2,660DOM:223 / 123New:0Total:2
8 Beds
Avg:$1,699,475Median:$1,699,000Range:$1,699,000 – $1,699,950PSF:$457 / $363Sq Ft:3,882 / 3,084DOM:30 / 16New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $597,225 | $485,000 | $349,000 – $875,000 | $750 / $738 | 790 / 812 | 36 / 28 | 1 | 8 |
| 2 Beds | $974,910 | $660,000 | $379,500 – $5,500,000 | $737 / $644 | 1,203 / 1,025 | 59 / 29 | 5 | 30 |
| 3 Beds | $1,655,533 | $1,195,000 | $850,000 – $5,490,000 | $700 / $684 | 2,433 / 1,803 | 59 / 28 | 1 | 33 |
| 4 Beds | $2,928,928 | $1,899,000 | $1,209,100 – $9,850,000 | $780 / $754 | 3,510 / 2,940 | 39 / 21 | 1 | 20 |
| 5 Beds | $2,910,727 | $2,195,000 | $1,100,000 – $7,498,000 | $695 / $575 | 3,836 / 3,660 | 28 / 13 | 2 | 11 |
| 6 Beds | $7,192,500 | $4,395,000 | $4,395,000 – $9,990,000 | $900 / $589 | 7,854 / 7,457 | 151 / 12 | 0 | 2 |
| 7 Beds | $2,965,000 | $945,000 | $945,000 – $4,985,000 | $445 / $355 | 5,995 / 2,660 | 223 / 123 | 0 | 2 |
| 8 Beds | $1,699,475 | $1,699,000 | $1,699,000 – $1,699,950 | $457 / $363 | 3,882 / 3,084 | 30 / 16 | 0 | 2 |
Rental Market Overview
Median Rent
$1,995
+7.8%
Median DOM
21
−8.7%
New Listings
14
Inventory
126
−1.6%
- Average Rent: $2,527
- Median Rent: $1,995
- Rent Range: $725 – $8,434
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 866 / 660
- Square Footage Range: 250 – 5,010
- Days on Market (Avg/Median): 71 / 21
- Days on Market Range: 1 – 362
- New Listings: 14
- Total Listings: 126
Rentals by Property Type
Apartment
$1,700
Median DOM: 49
Inventory: 86
MoM: +7.8%
Condo
$3,200
Median DOM: 21
Inventory: 5
MoM: +7.8%
Single Family
$3,700
Median DOM: 1
Inventory: 24
MoM: +7.8%
Townhouse
$4,150
Median DOM: 45
Inventory: 7
MoM: +7.8%
Apartment
Avg/Median Rent$1,972 / $1,700Range$725 – $8,434Rent per Sq Ft$3 / $3Sq Ft599 / 550DOM90 / 49New5Total86
Condo
Avg/Median Rent$3,030 / $3,200Range$2,250 – $3,500Rent per Sq Ft$4 / $4Sq Ft850 / 986DOM15 / 21New0Total5
Multi-Family
Avg/Median Rent$2,206 / $1,950Range$1,650 – $2,925Rent per Sq Ft$3 / $3Sq Ft908 / 700DOM19 / 8New1Total4
Single Family
Avg/Median Rent$4,038 / $3,700Range$1,550 – $7,950Rent per Sq Ft$3 / $3Sq Ft1,595 / 1,540DOM39 / 1New7Total24
Townhouse
Avg/Median Rent$3,999 / $4,150Range$2,750 – $5,409Rent per Sq Ft$3 / $3Sq Ft1,409 / 1,410DOM46 / 45New1Total7
Rentals by Bedroom Count
Studio
Avg:$1,474Median:$1,495Range:$725 – $2,250PSF:$4 / $4Sq Ft:412 / 420DOM:93 / 70New:2Total:37
1 Beds
Avg:$1,876Median:$1,775Range:$805 – $3,500PSF:$3 / $3Sq Ft:627 / 622DOM:84 / 36New:2Total:38
2 Beds
Avg:$3,188Median:$2,850Range:$1,900 – $8,434PSF:$3 / $3Sq Ft:1,004 / 909DOM:42 / 10New:4Total:35
3 Beds
Avg:$4,348Median:$4,350Range:$3,295 – $6,500PSF:$3 / $3Sq Ft:1,665 / 1,620DOM:51 / 1New:3Total:10
4 Beds
Avg:$5,929Median:$6,300Range:$4,750 – $7,000PSF:$3 / $3Sq Ft:2,328 / 2,500DOM:55 / 10New:3Total:5
8 Beds
Avg:$7,950Median:$7,950Range:$7,950 – $7,950PSF:$2 / $2Sq Ft:5,010 / 5,010DOM:100 / 100New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,474 | $1,495 | $725 – $2,250 | $4 / $4 | 412 / 420 | 93 / 70 | 2 | 37 |
| 1 Beds | $1,876 | $1,775 | $805 – $3,500 | $3 / $3 | 627 / 622 | 84 / 36 | 2 | 38 |
| 2 Beds | $3,188 | $2,850 | $1,900 – $8,434 | $3 / $3 | 1,004 / 909 | 42 / 10 | 4 | 35 |
| 3 Beds | $4,348 | $4,350 | $3,295 – $6,500 | $3 / $3 | 1,665 / 1,620 | 51 / 1 | 3 | 10 |
| 4 Beds | $5,929 | $6,300 | $4,750 – $7,000 | $3 / $3 | 2,328 / 2,500 | 55 / 10 | 3 | 5 |
| 8 Beds | $7,950 | $7,950 | $7,950 – $7,950 | $2 / $2 | 5,010 / 5,010 | 100 / 100 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$1,209,100Median DOM:37New:37Total:150
Nov 2025
Median Price:$1,125,000Median DOM:63New:15Total:131
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:$1,195,000Median DOM:28New:10Total:117
6-Month Rental Trend
Oct 2025
Median Rent:$1,875Median DOM:17New:49Total:131
Nov 2025
Median Rent:$1,850Median DOM:17New:56Total:135
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:$1,995Median DOM:21New:14Total:126
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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