ZIP 98115 Housing Market Report
Northwest Seattle
Report period: May 2026
98115 Monthly Market Update – May 2026
ZIP 98115 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$995,000
+0.6%
Median DOM (Sales)
17
−5.6%
New Listings (Sales)
30
−69.7%
Median Rent
$1,994
+0.5%
Median DOM (Rental)
9
−10.0%
Total Rental Listings
207
−2.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (11 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($1,925,000 median)
Sales Market Overview
Median Price
$995,000
+0.6%
Median DOM
17
−5.6%
New Listings
30
−69.7%
Inventory
262
+5.6%
- Average Price: $1,252,105
- Median Price: $995,000
- Price Range: $220,000 – $6,890,000
- Price per Sq Ft (Avg/Median): $588 / $583
- Square Footage (Avg/Median): 2,101 / 1,920
- Square Footage Range: 517 – 9,000
- Days on Market (Avg/Median): 37 / 17
- Days on Market Range: 2 – 354
- New Listings: 30
- Total Listings: 262
Sales by Property Type
Condo
Avg/Median Price$678,730 / $559,000Range$220,000 – $3,295,980Price per Sq Ft$542 / $499Sq Ft1,199 / 979DOM50 / 25New6Total43
Land
Avg/Median Price$983,400 / $798,000Range$399,000 – $1,875,000Price per Sq Ft—Sq Ft—DOM36 / 32New1Total5
Multi-Family
Avg/Median Price$2,260,833 / $1,250,000Range$900,000 – $6,890,000Price per Sq Ft$428 / $421Sq Ft3,102 / 2,990DOM107 / 14New1Total6
Single Family
Avg/Median Price$1,445,421 / $1,200,000Range$425,000 – $4,495,000Price per Sq Ft$593 / $580Sq Ft2,457 / 2,230DOM27 / 11New19Total165
Townhouse
Avg/Median Price$974,180 / $875,000Range$527,900 – $3,295,980Price per Sq Ft$638 / $635Sq Ft1,522 / 1,403DOM54 / 42New3Total43
Sales by Bedroom Count
1 Beds
Avg:$371,675Median:$329,000Range:$220,000 – $625,000PSF:$500 / $428Sq Ft:767 / 705DOM:76 / 59New:1Total:16
2 Beds
Avg:$742,540Median:$760,000Range:$275,000 – $1,200,000PSF:$618 / $632Sq Ft:1,224 / 1,220DOM:39 / 19New:10Total:63
3 Beds
Avg:$1,138,735Median:$975,000Range:$599,950 – $6,890,000PSF:$573 / $558Sq Ft:1,878 / 1,880DOM:30 / 11New:5Total:75
4 Beds
Avg:$1,655,527Median:$1,350,000Range:$775,000 – $4,495,000PSF:$599 / $577Sq Ft:2,754 / 2,530DOM:28 / 14New:10Total:64
5 Beds
Avg:$2,017,803Median:$1,925,000Range:$900,000 – $3,950,000PSF:$600 / $622Sq Ft:3,323 / 3,200DOM:44 / 14New:2Total:31
6 Beds
Avg:$2,406,000Median:$1,379,000Range:$1,250,000 – $4,200,000PSF:$646 / $698Sq Ft:3,732 / 3,417DOM:60 / 54New:0Total:4
7 Beds
Avg:$1,774,000Median:$1,750,000Range:$1,750,000 – $1,798,000PSF:$418 / $397Sq Ft:4,260 / 3,990DOM:10 / 7New:0Total:2
8 Beds
Avg:$1,662,500Median:$1,330,000Range:$1,330,000 – $1,995,000PSF:$484 / $459Sq Ft:3,406 / 2,900DOM:154 / 7New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $371,675 | $329,000 | $220,000 – $625,000 | $500 / $428 | 767 / 705 | 76 / 59 | 1 | 16 |
| 2 Beds | $742,540 | $760,000 | $275,000 – $1,200,000 | $618 / $632 | 1,224 / 1,220 | 39 / 19 | 10 | 63 |
| 3 Beds | $1,138,735 | $975,000 | $599,950 – $6,890,000 | $573 / $558 | 1,878 / 1,880 | 30 / 11 | 5 | 75 |
| 4 Beds | $1,655,527 | $1,350,000 | $775,000 – $4,495,000 | $599 / $577 | 2,754 / 2,530 | 28 / 14 | 10 | 64 |
| 5 Beds | $2,017,803 | $1,925,000 | $900,000 – $3,950,000 | $600 / $622 | 3,323 / 3,200 | 44 / 14 | 2 | 31 |
| 6 Beds | $2,406,000 | $1,379,000 | $1,250,000 – $4,200,000 | $646 / $698 | 3,732 / 3,417 | 60 / 54 | 0 | 4 |
| 7 Beds | $1,774,000 | $1,750,000 | $1,750,000 – $1,798,000 | $418 / $397 | 4,260 / 3,990 | 10 / 7 | 0 | 2 |
| 8 Beds | $1,662,500 | $1,330,000 | $1,330,000 – $1,995,000 | $484 / $459 | 3,406 / 2,900 | 154 / 7 | 1 | 2 |
Rental Market Overview
Median Rent
$1,994
+0.5%
Median DOM
9
−10.0%
New Listings
31
Inventory
207
−2.8%
- Average Rent: $2,627
- Median Rent: $1,994
- Rent Range: $600 – $8,456
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 999 / 715
- Square Footage Range: 264 – 3,533
- Days on Market (Avg/Median): 59 / 9
- Days on Market Range: 1 – 336
- New Listings: 31
- Total Listings: 207
Rentals by Property Type
Apartment
$1,700
Median DOM: 31
Inventory: 114
MoM: +0.5%
Condo
$2,150
Median DOM: 5
Inventory: 14
MoM: +0.5%
Single Family
$3,800
Median DOM: 1
Inventory: 65
MoM: +0.5%
Townhouse
$3,900
Median DOM: 1
Inventory: 10
MoM: +0.5%
Apartment
Avg/Median Rent$1,848 / $1,700Range$600 – $8,456Rent per Sq Ft$3 / $3Sq Ft607 / 551DOM77 / 31New10Total114
Condo
Avg/Median Rent$2,532 / $2,150Range$1,475 – $4,000Rent per Sq Ft$3 / $3Sq Ft839 / 790DOM20 / 5New5Total14
Multi-Family
Avg/Median Rent$3,217 / $2,200Range$2,195 – $5,977Rent per Sq Ft$2 / $2Sq Ft1,098 / 1,030DOM148 / 171New0Total4
Single Family
Avg/Median Rent$3,710 / $3,800Range$700 – $6,800Rent per Sq Ft$3 / $2Sq Ft1,576 / 1,369DOM39 / 1New12Total65
Townhouse
Avg/Median Rent$4,371 / $3,900Range$2,695 – $6,645Rent per Sq Ft$2 / $2Sq Ft1,594 / 1,435DOM52 / 1New4Total10
Rentals by Bedroom Count
Studio
Avg:$1,534Median:$1,450Range:$990 – $4,250PSF:$4 / $4Sq Ft:493 / 414DOM:90 / 51New:3Total:50
1 Beds
Avg:$1,748Median:$1,695Range:$600 – $5,014PSF:$3 / $3Sq Ft:593 / 589DOM:60 / 29New:11Total:57
2 Beds
Avg:$2,708Median:$2,350Range:$1,695 – $6,303PSF:$3 / $3Sq Ft:947 / 900DOM:59 / 6New:9Total:53
3 Beds
Avg:$4,623Median:$3,995Range:$1,695 – $8,456PSF:$3 / $3Sq Ft:1,736 / 1,660DOM:46 / 1New:5Total:29
4 Beds
Avg:$4,867Median:$4,900Range:$3,700 – $6,800PSF:$2 / $2Sq Ft:2,276 / 2,358DOM:10 / 1New:3Total:13
5 Beds
Avg:$5,072Median:$4,395Range:$4,395 – $5,750PSF:$2 / $2Sq Ft:2,762 / 1,990DOM:3 / 1New:0Total:2
6 Beds
Avg:$5,238Median:$4,500Range:$4,500 – $5,977PSF:$2 / $2Sq Ft:3,000 / 3,000DOM:193 / 193New:0Total:2
8 Beds
Avg:$5,950Median:$5,950Range:$5,950 – $5,950PSF:$2 / $2Sq Ft:2,420 / 2,420DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,534 | $1,450 | $990 – $4,250 | $4 / $4 | 493 / 414 | 90 / 51 | 3 | 50 |
| 1 Beds | $1,748 | $1,695 | $600 – $5,014 | $3 / $3 | 593 / 589 | 60 / 29 | 11 | 57 |
| 2 Beds | $2,708 | $2,350 | $1,695 – $6,303 | $3 / $3 | 947 / 900 | 59 / 6 | 9 | 53 |
| 3 Beds | $4,623 | $3,995 | $1,695 – $8,456 | $3 / $3 | 1,736 / 1,660 | 46 / 1 | 5 | 29 |
| 4 Beds | $4,867 | $4,900 | $3,700 – $6,800 | $2 / $2 | 2,276 / 2,358 | 10 / 1 | 3 | 13 |
| 5 Beds | $5,072 | $4,395 | $4,395 – $5,750 | $2 / $2 | 2,762 / 1,990 | 3 / 1 | 0 | 2 |
| 6 Beds | $5,238 | $4,500 | $4,500 – $5,977 | $2 / $2 | 3,000 / 3,000 | 193 / 193 | 0 | 2 |
| 8 Beds | $5,950 | $5,950 | $5,950 – $5,950 | $2 / $2 | 2,420 / 2,420 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$900,000Median DOM:60New:10Total:165
Jan 2026
Median Price:$964,950Median DOM:53New:55Total:159
Feb 2026
Median Price:$965,950Median DOM:19New:62Total:177
Mar 2026
Median Price:$988,889Median DOM:18New:76Total:207
Apr 2026
Median Price:$988,889Median DOM:18New:99Total:248
May 2026
Median Price:$995,000Median DOM:17New:30Total:262
6-Month Rental Trend
Dec 2025
Median Rent:$1,954Median DOM:26New:68Total:202
Jan 2026
Median Rent:$1,995Median DOM:15New:64Total:202
Feb 2026
Median Rent:$1,995Median DOM:15New:63Total:206
Mar 2026
Median Rent:$1,950Median DOM:16New:65Total:202
Apr 2026
Median Rent:$1,985Median DOM:10New:70Total:213
May 2026
Median Rent:$1,994Median DOM:9New:31Total:207
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. 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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