ZIP 98117 Housing Market Report
Northwest Seattle
Report period: May 2026
98117 Monthly Market Update – May 2026
ZIP 98117 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$925,000
+2.8%
Median DOM (Sales)
12
−20.0%
New Listings (Sales)
25
−61.5%
Median Rent
$2,100
−8.7%
Median DOM (Rental)
9
+350.0%
Total Rental Listings
118
−7.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($1,675,000 median)
Sales Market Overview
Median Price
$925,000
+2.8%
Median DOM
12
−20.0%
New Listings
25
−61.5%
Inventory
209
+5.6%
- Average Price: $1,064,843
- Median Price: $925,000
- Price Range: $154,000 – $8,800,000
- Price per Sq Ft (Avg/Median): $592 / $581
- Square Footage (Avg/Median): 1,788 / 1,640
- Square Footage Range: 560 – 3,870
- Days on Market (Avg/Median): 29 / 12
- Days on Market Range: 1 – 347
- New Listings: 25
- Total Listings: 209
Sales by Property Type
Condo
Avg/Median Price$726,010 / $699,950Range$325,000 – $1,249,999Price per Sq Ft$658 / $622Sq Ft1,101 / 1,060DOM33 / 11New6Total20
Land
Avg/Median Price$2,338,690 / $599,950Range$154,000 – $8,800,000Price per Sq Ft—Sq Ft—DOM123 / 111New0Total5
Multi-Family
Avg/Median Price$1,394,738 / $1,299,000Range$950,000 – $1,749,950Price per Sq Ft$438 / $394Sq Ft3,189 / 3,096DOM55 / 61New1Total4
Single Family
Avg/Median Price$1,206,772 / $1,075,000Range$545,000 – $3,850,000Price per Sq Ft$596 / $585Sq Ft2,070 / 2,070DOM19 / 7New15Total119
Townhouse
Avg/Median Price$773,011 / $729,900Range$539,999 – $1,299,950Price per Sq Ft$574 / $556Sq Ft1,372 / 1,340DOM40 / 26New3Total61
Sales by Bedroom Count
1 Beds
Avg:$534,983Median:$425,000Range:$325,000 – $1,000,000PSF:$655 / $603Sq Ft:824 / 660DOM:77 / 54New:0Total:6
2 Beds
Avg:$706,486Median:$690,000Range:$460,000 – $1,075,000PSF:$630 / $624Sq Ft:1,143 / 1,092DOM:37 / 26New:7Total:62
3 Beds
Avg:$996,116Median:$929,000Range:$650,000 – $3,850,000PSF:$583 / $543Sq Ft:1,719 / 1,666DOM:21 / 7New:14Total:76
4 Beds
Avg:$1,403,161Median:$1,299,000Range:$884,900 – $2,875,000PSF:$584 / $579Sq Ft:2,392 / 2,352DOM:13 / 7New:2Total:37
5 Beds
Avg:$1,618,023Median:$1,675,000Range:$949,000 – $2,348,500PSF:$530 / $551Sq Ft:3,050 / 2,920DOM:29 / 13New:0Total:17
6 Beds
Avg:$1,453,075Median:$1,299,000Range:$950,000 – $1,975,000PSF:$487 / $452Sq Ft:3,003 / 3,040DOM:37 / 31New:2Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $534,983 | $425,000 | $325,000 – $1,000,000 | $655 / $603 | 824 / 660 | 77 / 54 | 0 | 6 |
| 2 Beds | $706,486 | $690,000 | $460,000 – $1,075,000 | $630 / $624 | 1,143 / 1,092 | 37 / 26 | 7 | 62 |
| 3 Beds | $996,116 | $929,000 | $650,000 – $3,850,000 | $583 / $543 | 1,719 / 1,666 | 21 / 7 | 14 | 76 |
| 4 Beds | $1,403,161 | $1,299,000 | $884,900 – $2,875,000 | $584 / $579 | 2,392 / 2,352 | 13 / 7 | 2 | 37 |
| 5 Beds | $1,618,023 | $1,675,000 | $949,000 – $2,348,500 | $530 / $551 | 3,050 / 2,920 | 29 / 13 | 0 | 17 |
| 6 Beds | $1,453,075 | $1,299,000 | $950,000 – $1,975,000 | $487 / $452 | 3,003 / 3,040 | 37 / 31 | 2 | 6 |
Rental Market Overview
Median Rent
$2,100
−8.7%
Median DOM
9
+350.0%
New Listings
35
Inventory
118
−7.1%
- Average Rent: $2,824
- Median Rent: $2,100
- Rent Range: $840 – $10,000
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,025 / 850
- Square Footage Range: 250 – 3,130
- Days on Market (Avg/Median): 63 / 9
- Days on Market Range: 1 – 354
- New Listings: 35
- Total Listings: 118
Rentals by Property Type
Apartment
$1,725
Median DOM: 28
Inventory: 61
MoM: −8.7%
Condo
$1,922
Median DOM: 23
Inventory: 6
MoM: −8.7%
Single Family
$3,200
Median DOM: 1
Inventory: 34
MoM: −8.7%
Townhouse
$3,650
Median DOM: 1
Inventory: 15
MoM: −8.7%
Apartment
Avg/Median Rent$2,278 / $1,725Range$840 – $10,000Rent per Sq Ft$3 / $3Sq Ft697 / 617DOM97 / 28New14Total61
Condo
Avg/Median Rent$1,862 / $1,922Range$1,335 – $2,300Rent per Sq Ft$3 / $3Sq Ft634 / 648DOM88 / 23New1Total6
Multi-Family
Avg/Median Rent$2,822 / $2,795Range$2,795 – $2,850Rent per Sq Ft$3 / $2Sq Ft1,040 / 930DOM15 / 8New1Total2
Single Family
Avg/Median Rent$3,392 / $3,200Range$1,100 – $7,215Rent per Sq Ft$3 / $3Sq Ft1,468 / 1,302DOM22 / 1New16Total34
Townhouse
Avg/Median Rent$4,141 / $3,650Range$2,700 – $8,383Rent per Sq Ft$3 / $3Sq Ft1,439 / 1,350DOM34 / 1New3Total15
Rentals by Bedroom Count
Studio
Avg:$2,200Median:$1,335Range:$840 – $10,000PSF:$4 / $3Sq Ft:720 / 400DOM:127 / 69New:2Total:18
1 Beds
Avg:$2,173Median:$1,687Range:$950 – $8,773PSF:$3 / $3Sq Ft:634 / 625DOM:62 / 15New:11Total:37
2 Beds
Avg:$2,542Median:$2,395Range:$1,795 – $3,800PSF:$3 / $3Sq Ft:972 / 900DOM:40 / 1New:13Total:33
3 Beds
Avg:$4,112Median:$3,500Range:$2,775 – $8,383PSF:$3 / $3Sq Ft:1,497 / 1,500DOM:61 / 3New:8Total:24
4 Beds
Avg:$5,074Median:$4,575Range:$4,295 – $6,500PSF:$2 / $2Sq Ft:2,378 / 2,120DOM:57 / 1New:1Total:5
5 Beds
Avg:$5,250Median:$5,250Range:$5,250 – $5,250PSF:$2 / $2Sq Ft:3,000 / 3,000DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,200 | $1,335 | $840 – $10,000 | $4 / $3 | 720 / 400 | 127 / 69 | 2 | 18 |
| 1 Beds | $2,173 | $1,687 | $950 – $8,773 | $3 / $3 | 634 / 625 | 62 / 15 | 11 | 37 |
| 2 Beds | $2,542 | $2,395 | $1,795 – $3,800 | $3 / $3 | 972 / 900 | 40 / 1 | 13 | 33 |
| 3 Beds | $4,112 | $3,500 | $2,775 – $8,383 | $3 / $3 | 1,497 / 1,500 | 61 / 3 | 8 | 24 |
| 4 Beds | $5,074 | $4,575 | $4,295 – $6,500 | $2 / $2 | 2,378 / 2,120 | 57 / 1 | 1 | 5 |
| 5 Beds | $5,250 | $5,250 | $5,250 – $5,250 | $2 / $2 | 3,000 / 3,000 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$834,950Median DOM:59New:17Total:150
Jan 2026
Median Price:$849,900Median DOM:45New:64Total:163
Feb 2026
Median Price:$849,900Median DOM:20New:58Total:188
Mar 2026
Median Price:$864,900Median DOM:17New:76Total:208
Apr 2026
Median Price:$899,950Median DOM:15New:65Total:198
May 2026
Median Price:$925,000Median DOM:12New:25Total:209
6-Month Rental Trend
Dec 2025
Median Rent:$2,400Median DOM:14New:39Total:121
Jan 2026
Median Rent:$2,395Median DOM:21New:38Total:105
Feb 2026
Median Rent:$2,395Median DOM:7New:43Total:111
Mar 2026
Median Rent:$2,700Median DOM:5New:48Total:118
Apr 2026
Median Rent:$2,300Median DOM:2New:49Total:127
May 2026
Median Rent:$2,100Median DOM:9New:35Total:118
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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