ZIP 98118 Housing Market Report
Northwest Seattle
Report period: May 2026
98118 Monthly Market Update – May 2026
ZIP 98118 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$735,000
+1.4%
Median DOM (Sales)
26
−7.1%
New Listings (Sales)
30
−56.5%
Median Rent
$1,850
−2.4%
Median DOM (Rental)
16
0.0%
Total Rental Listings
152
+1.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (17 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($1,075,000 median)
Sales Market Overview
Median Price
$735,000
+1.4%
Median DOM
26
−7.1%
New Listings
30
−56.5%
Inventory
247
+4.7%
- Average Price: $880,746
- Median Price: $735,000
- Price Range: $35,000 – $8,200,000
- Price per Sq Ft (Avg/Median): $498 / $481
- Square Footage (Avg/Median): 1,853 / 1,720
- Square Footage Range: 400 – 5,911
- Days on Market (Avg/Median): 56 / 26
- Days on Market Range: 1 – 350
- New Listings: 30
- Total Listings: 247
Sales by Property Type
Condo
Avg/Median Price$680,332 / $569,950Range$238,000 – $1,875,000Price per Sq Ft$506 / $489Sq Ft1,319 / 1,113DOM46 / 26New7Total32
Land
Avg/Median Price$739,186 / $349,900Range$35,000 – $8,200,000Price per Sq Ft—Sq Ft—DOM110 / 47New3Total32
Multi-Family
Avg/Median Price$1,023,990 / $825,000Range$799,950 – $1,595,000Price per Sq Ft$380 / $388Sq Ft2,710 / 2,890DOM94 / 28New0Total5
Single Family
Avg/Median Price$1,029,625 / $898,000Range$385,000 – $4,750,000Price per Sq Ft$511 / $488Sq Ft2,083 / 1,963DOM38 / 17New16Total134
Townhouse
Avg/Median Price$659,771 / $649,500Range$449,000 – $1,149,000Price per Sq Ft$470 / $459Sq Ft1,445 / 1,365DOM82 / 73New4Total44
Sales by Bedroom Count
1 Beds
Avg:$269,000Median:$238,000Range:$238,000 – $300,000PSF:$505 / $416Sq Ft:561 / 400DOM:33 / 8New:1Total:2
2 Beds
Avg:$588,155Median:$578,888Range:$325,000 – $899,000PSF:$542 / $507Sq Ft:1,121 / 1,099DOM:57 / 39New:7Total:52
3 Beds
Avg:$808,612Median:$709,000Range:$399,000 – $2,695,000PSF:$496 / $478Sq Ft:1,665 / 1,560DOM:49 / 26New:6Total:85
4 Beds
Avg:$1,130,834Median:$1,000,000Range:$549,000 – $2,900,000PSF:$472 / $472Sq Ft:2,385 / 2,380DOM:41 / 12New:8Total:51
5 Beds
Avg:$1,536,924Median:$1,000,000Range:$799,950 – $4,750,000PSF:$495 / $438Sq Ft:3,044 / 2,510DOM:40 / 17New:4Total:16
6 Beds
Avg:$1,531,590Median:$998,000Range:$975,000 – $2,800,000PSF:$462 / $377Sq Ft:3,287 / 3,290DOM:74 / 71New:1Total:5
7 Beds
Avg:$1,013,317Median:$915,000Range:$529,950 – $1,595,000PSF:$387 / $441Sq Ft:2,553 / 2,080DOM:105 / 20New:0Total:3
8 Beds
Avg:$1,075,000Median:$1,075,000Range:$1,075,000 – $1,075,000PSF:$349 / $349Sq Ft:3,080 / 3,080DOM:28 / 28New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $269,000 | $238,000 | $238,000 – $300,000 | $505 / $416 | 561 / 400 | 33 / 8 | 1 | 2 |
| 2 Beds | $588,155 | $578,888 | $325,000 – $899,000 | $542 / $507 | 1,121 / 1,099 | 57 / 39 | 7 | 52 |
| 3 Beds | $808,612 | $709,000 | $399,000 – $2,695,000 | $496 / $478 | 1,665 / 1,560 | 49 / 26 | 6 | 85 |
| 4 Beds | $1,130,834 | $1,000,000 | $549,000 – $2,900,000 | $472 / $472 | 2,385 / 2,380 | 41 / 12 | 8 | 51 |
| 5 Beds | $1,536,924 | $1,000,000 | $799,950 – $4,750,000 | $495 / $438 | 3,044 / 2,510 | 40 / 17 | 4 | 16 |
| 6 Beds | $1,531,590 | $998,000 | $975,000 – $2,800,000 | $462 / $377 | 3,287 / 3,290 | 74 / 71 | 1 | 5 |
| 7 Beds | $1,013,317 | $915,000 | $529,950 – $1,595,000 | $387 / $441 | 2,553 / 2,080 | 105 / 20 | 0 | 3 |
| 8 Beds | $1,075,000 | $1,075,000 | $1,075,000 – $1,075,000 | $349 / $349 | 3,080 / 3,080 | 28 / 28 | 0 | 1 |
Rental Market Overview
Median Rent
$1,850
−2.4%
Median DOM
16
0.0%
New Listings
25
Inventory
152
+1.3%
- Average Rent: $2,394
- Median Rent: $1,850
- Rent Range: $500 – $9,249
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,002 / 810
- Square Footage Range: 250 – 3,680
- Days on Market (Avg/Median): 59 / 16
- Days on Market Range: 1 – 355
- New Listings: 25
- Total Listings: 152
Rentals by Property Type
Apartment
$1,500
Median DOM: 49
Inventory: 82
MoM: −2.4%
Condo
$1,500
Median DOM: 1
Inventory: 5
MoM: −2.4%
Single Family
$2,995
Median DOM: 1
Inventory: 43
MoM: −2.4%
Townhouse
$3,200
Median DOM: 27
Inventory: 21
MoM: −2.4%
Apartment
Avg/Median Rent$1,735 / $1,500Range$780 – $9,249Rent per Sq Ft$3 / $3Sq Ft654 / 587DOM80 / 49New7Total82
Condo
Avg/Median Rent$2,179 / $1,500Range$1,395 – $3,300Rent per Sq Ft$3 / $3Sq Ft799 / 700DOM41 / 1New3Total5
Multi-Family
Avg/Median Rent$2,600 / $2,600Range$2,600 – $2,600Rent per Sq Ft—Sq Ft—DOM7 / 7New0Total1
Single Family
Avg/Median Rent$3,213 / $2,995Range$500 – $7,950Rent per Sq Ft$3 / $3Sq Ft1,498 / 1,280DOM39 / 1New14Total43
Townhouse
Avg/Median Rent$3,331 / $3,200Range$1,600 – $7,537Rent per Sq Ft$2 / $2Sq Ft1,355 / 1,281DOM57 / 27New1Total21
Rentals by Bedroom Count
Studio
Avg:$1,237Median:$1,200Range:$500 – $2,200PSF:$3 / $3Sq Ft:391 / 304DOM:47 / 6New:9Total:37
1 Beds
Avg:$1,595Median:$1,500Range:$895 – $3,250PSF:$3 / $3Sq Ft:648 / 600DOM:96 / 49New:3Total:37
2 Beds
Avg:$2,700Median:$2,600Range:$1,445 – $5,553PSF:$3 / $3Sq Ft:1,004 / 1,000DOM:50 / 7New:9Total:41
3 Beds
Avg:$3,705Median:$3,300Range:$1,105 – $7,537PSF:$2 / $2Sq Ft:1,598 / 1,476DOM:58 / 1New:3Total:19
4 Beds
Avg:$4,057Median:$3,400Range:$2,795 – $9,249PSF:$2 / $2Sq Ft:1,889 / 1,710DOM:44 / 23New:1Total:14
5 Beds
Avg:$4,425Median:$4,475Range:$3,799 – $5,000PSF:$2 / $2Sq Ft:2,787 / 2,880DOM:55 / 16New:0Total:3
6 Beds
Avg:$7,950Median:$7,950Range:$7,950 – $7,950PSF:$3 / $3Sq Ft:2,500 / 2,500DOM:32 / 32New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,237 | $1,200 | $500 – $2,200 | $3 / $3 | 391 / 304 | 47 / 6 | 9 | 37 |
| 1 Beds | $1,595 | $1,500 | $895 – $3,250 | $3 / $3 | 648 / 600 | 96 / 49 | 3 | 37 |
| 2 Beds | $2,700 | $2,600 | $1,445 – $5,553 | $3 / $3 | 1,004 / 1,000 | 50 / 7 | 9 | 41 |
| 3 Beds | $3,705 | $3,300 | $1,105 – $7,537 | $2 / $2 | 1,598 / 1,476 | 58 / 1 | 3 | 19 |
| 4 Beds | $4,057 | $3,400 | $2,795 – $9,249 | $2 / $2 | 1,889 / 1,710 | 44 / 23 | 1 | 14 |
| 5 Beds | $4,425 | $4,475 | $3,799 – $5,000 | $2 / $2 | 2,787 / 2,880 | 55 / 16 | 0 | 3 |
| 6 Beds | $7,950 | $7,950 | $7,950 – $7,950 | $3 / $3 | 2,500 / 2,500 | 32 / 32 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$678,000Median DOM:62New:19Total:197
Jan 2026
Median Price:$679,000Median DOM:70New:51Total:191
Feb 2026
Median Price:$693,000Median DOM:43New:62Total:217
Mar 2026
Median Price:$725,000Median DOM:27New:67Total:221
Apr 2026
Median Price:$725,000Median DOM:28New:69Total:236
May 2026
Median Price:$735,000Median DOM:26New:30Total:247
6-Month Rental Trend
Dec 2025
Median Rent:$1,995Median DOM:42New:30Total:113
Jan 2026
Median Rent:$2,095Median DOM:35New:35Total:117
Feb 2026
Median Rent:$1,999Median DOM:30New:38Total:126
Mar 2026
Median Rent:$1,999Median DOM:14New:47Total:136
Apr 2026
Median Rent:$1,895Median DOM:16New:44Total:150
May 2026
Median Rent:$1,850Median DOM:16New:25Total:152
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 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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