ZIP 98116 Housing Market Report
Northwest Seattle
Report period: July 2026
98116 Monthly Market Update – July 2026
ZIP 98116 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$899,000
0.0%
Median DOM (Sales)
24
+20.0%
New Listings (Sales)
18
−63.3%
Median Rent
$2,095
0.0%
Median DOM (Rental)
5
−16.7%
Total Rental Listings
110
+6.8%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (10 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($2,195,000 median)
Sales Market Overview
Median Price
$899,000
0.0%
Median DOM
24
+20.0%
New Listings
18
−63.3%
Inventory
166
−3.5%
- Average Price: $1,144,453
- Median Price: $899,000
- Price Range: $250,000 – $6,975,000
- Price per Sq Ft (Avg/Median): $641 / $602
- Square Footage (Avg/Median): 1,753 / 1,550
- Square Footage Range: 355 – 5,050
- Days on Market (Avg/Median): 45 / 24
- Days on Market Range: 1 – 312
- New Listings: 18
- Total Listings: 166
Sales by Property Type
Condo
Avg/Median Price$813,157 / $629,999Range$261,000 – $2,699,000Price per Sq Ft$647 / $622Sq Ft1,213 / 1,118DOM61 / 33New8Total53
Land
Avg/Median Price$1,174,833 / $400,000Range$250,000 – $4,700,000Price per Sq Ft—Sq Ft—DOM143 / 79New0Total6
Multi-Family
Avg/Median Price$1,484,286 / $1,395,000Range$850,000 – $2,195,000Price per Sq Ft$564 / $554Sq Ft2,775 / 2,850DOM92 / 72New0Total7
Single Family
Avg/Median Price$1,471,401 / $1,099,000Range$593,000 – $6,975,000Price per Sq Ft$658 / $607Sq Ft2,174 / 1,860DOM23 / 10New9Total70
Townhouse
Avg/Median Price$881,493 / $799,000Range$625,000 – $1,699,950Price per Sq Ft$607 / $578Sq Ft1,486 / 1,471DOM46 / 24New1Total30
Sales by Bedroom Count
1 Beds
Avg:$413,532Median:$359,950Range:$261,000 – $770,000PSF:$647 / $599Sq Ft:639 / 590DOM:57 / 44New:2Total:14
2 Beds
Avg:$815,034Median:$750,000Range:$360,000 – $1,925,000PSF:$650 / $649Sq Ft:1,237 / 1,175DOM:47 / 24New:8Total:51
3 Beds
Avg:$1,100,510Median:$995,000Range:$699,000 – $2,699,000PSF:$627 / $580Sq Ft:1,770 / 1,730DOM:40 / 21New:4Total:61
4 Beds
Avg:$1,956,478Median:$1,452,000Range:$874,999 – $6,975,000PSF:$667 / $602Sq Ft:2,747 / 2,520DOM:24 / 22New:4Total:25
5 Beds
Avg:$2,357,667Median:$1,600,000Range:$1,300,000 – $3,998,000PSF:$643 / $587Sq Ft:3,550 / 3,020DOM:57 / 9New:0Total:6
6 Beds
Avg:$1,795,000Median:$1,795,000Range:$1,795,000 – $1,795,000PSF:$492 / $492Sq Ft:3,650 / 3,650DOM:12 / 12New:0Total:1
7 Beds
Avg:$1,395,000Median:$1,395,000Range:$1,395,000 – $1,395,000PSF:$489 / $489Sq Ft:2,850 / 2,850DOM:72 / 72New:0Total:1
8 Beds
Avg:$2,195,000Median:$2,195,000Range:$2,195,000 – $2,195,000PSF:$554 / $554Sq Ft:3,960 / 3,960DOM:195 / 195New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $413,532 | $359,950 | $261,000 – $770,000 | $647 / $599 | 639 / 590 | 57 / 44 | 2 | 14 |
| 2 Beds | $815,034 | $750,000 | $360,000 – $1,925,000 | $650 / $649 | 1,237 / 1,175 | 47 / 24 | 8 | 51 |
| 3 Beds | $1,100,510 | $995,000 | $699,000 – $2,699,000 | $627 / $580 | 1,770 / 1,730 | 40 / 21 | 4 | 61 |
| 4 Beds | $1,956,478 | $1,452,000 | $874,999 – $6,975,000 | $667 / $602 | 2,747 / 2,520 | 24 / 22 | 4 | 25 |
| 5 Beds | $2,357,667 | $1,600,000 | $1,300,000 – $3,998,000 | $643 / $587 | 3,550 / 3,020 | 57 / 9 | 0 | 6 |
| 6 Beds | $1,795,000 | $1,795,000 | $1,795,000 – $1,795,000 | $492 / $492 | 3,650 / 3,650 | 12 / 12 | 0 | 1 |
| 7 Beds | $1,395,000 | $1,395,000 | $1,395,000 – $1,395,000 | $489 / $489 | 2,850 / 2,850 | 72 / 72 | 0 | 1 |
| 8 Beds | $2,195,000 | $2,195,000 | $2,195,000 – $2,195,000 | $554 / $554 | 3,960 / 3,960 | 195 / 195 | 0 | 1 |
Rental Market Overview
Median Rent
$2,095
0.0%
Median DOM
5
−16.7%
New Listings
25
Inventory
110
+6.8%
- Average Rent: $2,737
- Median Rent: $2,095
- Rent Range: $1,077 – $9,744
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 868 / 711
- Square Footage Range: 250 – 3,500
- Days on Market (Avg/Median): 63 / 5
- Days on Market Range: 1 – 336
- New Listings: 25
- Total Listings: 110
Rentals by Property Type
Apartment
$1,876
Median DOM: 12
Inventory: 81
MoM: 0.0%
Condo
$2,195
Median DOM: 1
Inventory: 3
MoM: 0.0%
Single Family
$3,800
Median DOM: 1
Inventory: 17
MoM: 0.0%
Townhouse
$3,495
Median DOM: 1
Inventory: 8
MoM: 0.0%
Apartment
Avg/Median Rent$2,313 / $1,876Range$1,077 – $9,744Rent per Sq Ft$3 / $3Sq Ft678 / 652DOM79 / 12New17Total81
Condo
Avg/Median Rent$2,080 / $2,195Range$1,495 – $2,550Rent per Sq Ft$4 / $4Sq Ft621 / 659DOM3 / 1New1Total3
Multi-Family
Avg/Median Rent$1,600 / $1,600Range$1,600 – $1,600Rent per Sq Ft$3 / $3Sq Ft600 / 600DOM46 / 46New0Total1
Single Family
Avg/Median Rent$4,008 / $3,800Range$1,395 – $6,500Rent per Sq Ft$3 / $3Sq Ft1,628 / 1,132DOM8 / 1New3Total17
Townhouse
Avg/Median Rent$4,712 / $3,495Range$2,850 – $8,774Rent per Sq Ft$3 / $3Sq Ft1,310 / 1,265DOM79 / 1New4Total8
Rentals by Bedroom Count
Studio
Avg:$1,457Median:$1,450Range:$1,077 – $1,876PSF:$4 / $4Sq Ft:406 / 350DOM:46 / 1New:3Total:21
1 Beds
Avg:$2,357Median:$1,850Range:$1,395 – $9,744PSF:$3 / $3Sq Ft:638 / 600DOM:90 / 9New:8Total:41
2 Beds
Avg:$3,173Median:$2,850Range:$1,695 – $8,774PSF:$3 / $3Sq Ft:916 / 900DOM:55 / 8New:9Total:33
3 Beds
Avg:$3,961Median:$3,700Range:$3,250 – $5,966PSF:$3 / $3Sq Ft:1,364 / 1,410DOM:45 / 1New:3Total:9
4 Beds
Avg:$5,609Median:$5,750Range:$4,500 – $6,500PSF:$2 / $2Sq Ft:2,710 / 2,660DOM:1 / 1New:2Total:5
5 Beds
Avg:$5,400Median:$5,400Range:$5,400 – $5,400PSF:$2 / $2Sq Ft:2,300 / 2,300DOM:11 / 11New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,457 | $1,450 | $1,077 – $1,876 | $4 / $4 | 406 / 350 | 46 / 1 | 3 | 21 |
| 1 Beds | $2,357 | $1,850 | $1,395 – $9,744 | $3 / $3 | 638 / 600 | 90 / 9 | 8 | 41 |
| 2 Beds | $3,173 | $2,850 | $1,695 – $8,774 | $3 / $3 | 916 / 900 | 55 / 8 | 9 | 33 |
| 3 Beds | $3,961 | $3,700 | $3,250 – $5,966 | $3 / $3 | 1,364 / 1,410 | 45 / 1 | 3 | 9 |
| 4 Beds | $5,609 | $5,750 | $4,500 – $6,500 | $2 / $2 | 2,710 / 2,660 | 1 / 1 | 2 | 5 |
| 5 Beds | $5,400 | $5,400 | $5,400 – $5,400 | $2 / $2 | 2,300 / 2,300 | 11 / 11 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$859,900Median DOM:30New:37Total:113
Mar 2026
Median Price:$850,000Median DOM:22New:52Total:142
Apr 2026
Median Price:$899,000Median DOM:21New:48Total:154
May 2026
Median Price:$964,000Median DOM:18New:63Total:180
Jun 2026
Median Price:$899,000Median DOM:20New:49Total:172
Jul 2026
Median Price:$899,000Median DOM:24New:18Total:166
6-Month Rental Trend
Feb 2026
Median Rent:$2,000Median DOM:9New:36Total:140
Mar 2026
Median Rent:$1,895Median DOM:28New:29Total:119
Apr 2026
Median Rent:$1,869Median DOM:9New:30Total:104
May 2026
Median Rent:$1,850Median DOM:5New:31Total:105
Jun 2026
Median Rent:$2,095Median DOM:6New:39Total:103
Jul 2026
Median Rent:$2,095Median DOM:5New:25Total:110
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory increased.
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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