ZIP 98112 Housing Market Report
Northwest Seattle
Report period: August 2026
98112 Monthly Market Update – August 2026
ZIP 98112 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,349,000
−1.9%
Median DOM (Sales)
28
−17.6%
New Listings (Sales)
17
−57.5%
Median Rent
$2,195
+4.8%
Median DOM (Rental)
20
−4.8%
Total Rental Listings
121
−0.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (18 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($3,250,000 median)
Sales Market Overview
Median Price
$1,349,000
−1.9%
Median DOM
28
−17.6%
New Listings
17
−57.5%
Inventory
154
0.0%
- Average Price: $1,892,673
- Median Price: $1,349,000
- Price Range: $195,000 – $8,895,000
- Price per Sq Ft (Avg/Median): $742 / $670
- Square Footage (Avg/Median): 2,456 / 2,080
- Square Footage Range: 273 – 8,034
- Days on Market (Avg/Median): 51 / 28
- Days on Market Range: 2 – 350
- New Listings: 17
- Total Listings: 154
Sales by Property Type
Condo
Avg/Median Price$784,118 / $545,000Range$199,000 – $5,995,000Price per Sq Ft$716 / $634Sq Ft1,001 / 943DOM68 / 36New4Total38
Land
Avg/Median Price$1,385,544 / $1,500,000Range$195,000 – $3,950,000Price per Sq Ft—Sq Ft—DOM139 / 83New0Total9
Multi-Family
Avg/Median Price$1,394,980 / $1,425,000Range$999,975 – $1,900,000Price per Sq Ft$407 / $385Sq Ft3,437 / 3,610DOM67 / 70New0Total5
Single Family
Avg/Median Price$2,698,264 / $2,085,000Range$779,950 – $8,895,000Price per Sq Ft$807 / $738Sq Ft3,251 / 2,720DOM41 / 23New9Total83
Townhouse
Avg/Median Price$961,813 / $925,000Range$689,999 – $1,375,000Price per Sq Ft$595 / $608Sq Ft1,636 / 1,540DOM26 / 18New4Total19
Sales by Bedroom Count
Studio
Avg:$424,590Median:$349,000Range:$199,000 – $925,000PSF:$818 / $860Sq Ft:571 / 364DOM:60 / 80New:1Total:5
1 Beds
Avg:$574,440Median:$493,995Range:$349,950 – $995,000PSF:$706 / $691Sq Ft:815 / 800DOM:63 / 33New:2Total:11
2 Beds
Avg:$744,680Median:$659,900Range:$409,950 – $1,650,000PSF:$659 / $626Sq Ft:1,115 / 1,025DOM:55 / 27New:3Total:33
3 Beds
Avg:$2,104,643Median:$1,349,000Range:$849,950 – $7,950,000PSF:$848 / $714Sq Ft:2,380 / 2,042DOM:35 / 21New:6Total:38
4 Beds
Avg:$2,478,176Median:$1,875,000Range:$799,000 – $8,895,000PSF:$700 / $693Sq Ft:3,319 / 2,726DOM:44 / 28New:3Total:35
5 Beds
Avg:$3,880,158Median:$3,250,000Range:$1,350,000 – $8,500,000PSF:$818 / $795Sq Ft:4,603 / 4,369DOM:48 / 28New:2Total:19
6 Beds
Avg:$999,975Median:$999,975Range:$999,975 – $999,975PSF:$385 / $385Sq Ft:2,600 / 2,600DOM:17 / 17New:0Total:2
8 Beds
Avg:$1,774,975Median:$1,649,950Range:$1,649,950 – $1,900,000PSF:$439 / $353Sq Ft:4,145 / 3,610DOM:88 / 70New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $424,590 | $349,000 | $199,000 – $925,000 | $818 / $860 | 571 / 364 | 60 / 80 | 1 | 5 |
| 1 Beds | $574,440 | $493,995 | $349,950 – $995,000 | $706 / $691 | 815 / 800 | 63 / 33 | 2 | 11 |
| 2 Beds | $744,680 | $659,900 | $409,950 – $1,650,000 | $659 / $626 | 1,115 / 1,025 | 55 / 27 | 3 | 33 |
| 3 Beds | $2,104,643 | $1,349,000 | $849,950 – $7,950,000 | $848 / $714 | 2,380 / 2,042 | 35 / 21 | 6 | 38 |
| 4 Beds | $2,478,176 | $1,875,000 | $799,000 – $8,895,000 | $700 / $693 | 3,319 / 2,726 | 44 / 28 | 3 | 35 |
| 5 Beds | $3,880,158 | $3,250,000 | $1,350,000 – $8,500,000 | $818 / $795 | 4,603 / 4,369 | 48 / 28 | 2 | 19 |
| 6 Beds | $999,975 | $999,975 | $999,975 – $999,975 | $385 / $385 | 2,600 / 2,600 | 17 / 17 | 0 | 2 |
| 8 Beds | $1,774,975 | $1,649,950 | $1,649,950 – $1,900,000 | $439 / $353 | 4,145 / 3,610 | 88 / 70 | 0 | 2 |
Rental Market Overview
Median Rent
$2,195
+4.8%
Median DOM
20
−4.8%
New Listings
24
Inventory
121
−0.8%
- Average Rent: $2,538
- Median Rent: $2,195
- Rent Range: $920 – $8,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 837 / 646
- Square Footage Range: 250 – 5,010
- Days on Market (Avg/Median): 65 / 20
- Days on Market Range: 1 – 355
- New Listings: 24
- Total Listings: 121
Rentals by Property Type
Apartment
$1,796
Median DOM: 55
Inventory: 83
MoM: +4.8%
Condo
$2,500
Median DOM: 4
Inventory: 11
MoM: +4.8%
Single Family
$3,950
Median DOM: 1
Inventory: 18
MoM: +4.8%
Townhouse
$3,795
Median DOM: 5
Inventory: 8
MoM: +4.8%
Apartment
Avg/Median Rent$1,936 / $1,796Range$920 – $3,795Rent per Sq Ft$4 / $4Sq Ft578 / 523DOM87 / 55New14Total83
Condo
Avg/Median Rent$3,110 / $2,500Range$1,595 – $8,000Rent per Sq Ft$3 / $4Sq Ft945 / 700DOM21 / 4New1Total11
Multi-Family
Avg/Median Rent$2,750 / $2,750Range$2,750 – $2,750Rent per Sq Ft$3 / $3Sq Ft950 / 950DOM7 / 7New0Total1
Single Family
Avg/Median Rent$4,264 / $3,950Range$1,595 – $7,950Rent per Sq Ft$3 / $3Sq Ft1,735 / 1,580DOM30 / 1New7Total18
Townhouse
Avg/Median Rent$4,096 / $3,795Range$2,350 – $5,250Rent per Sq Ft$3 / $3Sq Ft1,404 / 1,430DOM6 / 5New2Total8
Rentals by Bedroom Count
Studio
Avg:$1,434Median:$1,395Range:$920 – $2,250PSF:$4 / $4Sq Ft:369 / 360DOM:123 / 82New:8Total:32
1 Beds
Avg:$2,032Median:$1,995Range:$1,280 – $2,600PSF:$3 / $3Sq Ft:609 / 623DOM:52 / 31New:5Total:46
2 Beds
Avg:$2,823Median:$2,795Range:$2,200 – $3,495PSF:$3 / $3Sq Ft:909 / 900DOM:48 / 11New:4Total:21
3 Beds
Avg:$4,672Median:$4,575Range:$2,195 – $8,000PSF:$3 / $3Sq Ft:1,655 / 1,613DOM:22 / 3New:6Total:15
4 Beds
Avg:$5,082Median:$4,100Range:$3,795 – $7,700PSF:$2 / $3Sq Ft:2,028 / 2,000DOM:19 / 9New:1Total:6
8 Beds
Avg:$7,950Median:$7,950Range:$7,950 – $7,950PSF:$2 / $2Sq Ft:5,010 / 5,010DOM:251 / 251New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,434 | $1,395 | $920 – $2,250 | $4 / $4 | 369 / 360 | 123 / 82 | 8 | 32 |
| 1 Beds | $2,032 | $1,995 | $1,280 – $2,600 | $3 / $3 | 609 / 623 | 52 / 31 | 5 | 46 |
| 2 Beds | $2,823 | $2,795 | $2,200 – $3,495 | $3 / $3 | 909 / 900 | 48 / 11 | 4 | 21 |
| 3 Beds | $4,672 | $4,575 | $2,195 – $8,000 | $3 / $3 | 1,655 / 1,613 | 22 / 3 | 6 | 15 |
| 4 Beds | $5,082 | $4,100 | $3,795 – $7,700 | $2 / $3 | 2,028 / 2,000 | 19 / 9 | 1 | 6 |
| 8 Beds | $7,950 | $7,950 | $7,950 – $7,950 | $2 / $2 | 5,010 / 5,010 | 251 / 251 | 0 | 1 |
6-Month Sales Trend
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:$1,380,000Median DOM:24New:49Total:160
Jun 2026
Median Price:$1,495,000Median DOM:26New:52Total:163
Jul 2026
Median Price:$1,375,000Median DOM:34New:40Total:154
Aug 2026
Median Price:$1,349,000Median DOM:28New:17Total:154
6-Month Rental Trend
Mar 2026
Median Rent:$2,195Median DOM:23New:27Total:112
Apr 2026
Median Rent:$2,195Median DOM:31New:19Total:105
May 2026
Median Rent:$1,995Median DOM:26New:28Total:105
Jun 2026
Median Rent:$2,000Median DOM:25New:35Total:115
Jul 2026
Median Rent:$2,095Median DOM:21New:39Total:122
Aug 2026
Median Rent:$2,195Median DOM:20New:24Total:121
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. Days on market declined, signaling improving 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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