ZIP 98118 Housing Market Report
Northwest Seattle
Report period: July 2026
98118 Monthly Market Update – July 2026
ZIP 98118 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$739,000
0.0%
Median DOM (Sales)
33
+17.9%
New Listings (Sales)
29
−65.5%
Median Rent
$1,800
−5.5%
Median DOM (Rental)
14
−12.5%
Total Rental Listings
155
0.0%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents softened.
What's Moving Fastest
- Fastest selling: Multi-Family (11 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 8 Beds ($1,100,000 median)
Sales Market Overview
Median Price
$739,000
0.0%
Median DOM
33
+17.9%
New Listings
29
−65.5%
Inventory
277
−0.4%
- Average Price: $846,310
- Median Price: $739,000
- Price Range: $35,000 – $8,200,000
- Price per Sq Ft (Avg/Median): $491 / $481
- Square Footage (Avg/Median): 1,817 / 1,650
- Square Footage Range: 400 – 5,286
- Days on Market (Avg/Median): 60 / 33
- Days on Market Range: 1 – 365
- New Listings: 29
- Total Listings: 277
Sales by Property Type
Condo
Avg/Median Price$679,530 / $569,000Range$238,000 – $1,875,000Price per Sq Ft$526 / $514Sq Ft1,284 / 1,096DOM58 / 36New3Total35
Land
Avg/Median Price$698,093 / $300,000Range$35,000 – $8,200,000Price per Sq Ft—Sq Ft—DOM110 / 75New3Total37
Multi-Family
Avg/Median Price$1,284,000 / $895,000Range$795,000 – $2,500,000Price per Sq Ft$460 / $392Sq Ft2,897 / 2,736DOM92 / 11New2Total6
Single Family
Avg/Median Price$962,320 / $829,999Range$385,000 – $4,250,000Price per Sq Ft$494 / $484Sq Ft2,005 / 1,960DOM46 / 24New13Total149
Townhouse
Avg/Median Price$674,504 / $650,000Range$439,500 – $1,149,000Price per Sq Ft$459 / $459Sq Ft1,504 / 1,500DOM68 / 37New8Total50
Sales by Bedroom Count
1 Beds
Avg:$269,000Median:$238,000Range:$238,000 – $300,000PSF:$505 / $416Sq Ft:561 / 400DOM:94 / 69New:0Total:2
2 Beds
Avg:$582,340Median:$558,000Range:$320,000 – $899,950PSF:$531 / $500Sq Ft:1,120 / 1,091DOM:56 / 31New:6Total:58
3 Beds
Avg:$790,460Median:$735,995Range:$384,950 – $2,495,000PSF:$495 / $485Sq Ft:1,616 / 1,539DOM:54 / 30New:14Total:91
4 Beds
Avg:$1,085,821Median:$950,000Range:$529,000 – $2,798,000PSF:$473 / $467Sq Ft:2,290 / 2,200DOM:49 / 32New:5Total:61
5 Beds
Avg:$1,323,614Median:$975,000Range:$615,000 – $4,250,000PSF:$447 / $380Sq Ft:2,907 / 2,510DOM:48 / 31New:0Total:21
6 Beds
Avg:$1,185,712Median:$949,900Range:$925,000 – $1,899,950PSF:$387 / $317Sq Ft:3,088 / 3,000DOM:16 / 11New:0Total:4
7 Beds
Avg:$1,239,500Median:$890,000Range:$890,000 – $1,589,000PSF:$447 / $439Sq Ft:2,790 / 1,960DOM:215 / 81New:0Total:2
8 Beds
Avg:$1,100,000Median:$1,100,000Range:$1,100,000 – $1,100,000PSF:$252 / $252Sq Ft:4,358 / 4,358DOM:11 / 11New:1Total: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 | 94 / 69 | 0 | 2 |
| 2 Beds | $582,340 | $558,000 | $320,000 – $899,950 | $531 / $500 | 1,120 / 1,091 | 56 / 31 | 6 | 58 |
| 3 Beds | $790,460 | $735,995 | $384,950 – $2,495,000 | $495 / $485 | 1,616 / 1,539 | 54 / 30 | 14 | 91 |
| 4 Beds | $1,085,821 | $950,000 | $529,000 – $2,798,000 | $473 / $467 | 2,290 / 2,200 | 49 / 32 | 5 | 61 |
| 5 Beds | $1,323,614 | $975,000 | $615,000 – $4,250,000 | $447 / $380 | 2,907 / 2,510 | 48 / 31 | 0 | 21 |
| 6 Beds | $1,185,712 | $949,900 | $925,000 – $1,899,950 | $387 / $317 | 3,088 / 3,000 | 16 / 11 | 0 | 4 |
| 7 Beds | $1,239,500 | $890,000 | $890,000 – $1,589,000 | $447 / $439 | 2,790 / 1,960 | 215 / 81 | 0 | 2 |
| 8 Beds | $1,100,000 | $1,100,000 | $1,100,000 – $1,100,000 | $252 / $252 | 4,358 / 4,358 | 11 / 11 | 1 | 1 |
Rental Market Overview
Median Rent
$1,800
−5.5%
Median DOM
14
−12.5%
New Listings
34
Inventory
155
0.0%
- Average Rent: $2,413
- Median Rent: $1,800
- Rent Range: $500 – $8,850
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,018 / 875
- Square Footage Range: 250 – 5,950
- Days on Market (Avg/Median): 55 / 14
- Days on Market Range: 1 – 281
- New Listings: 34
- Total Listings: 155
Rentals by Property Type
Apartment
$1,500
Median DOM: 68
Inventory: 85
MoM: −5.5%
Condo
$1,750
Median DOM: 36
Inventory: 6
MoM: −5.5%
Single Family
$2,895
Median DOM: 1
Inventory: 41
MoM: −5.5%
Townhouse
$3,295
Median DOM: 17
Inventory: 23
MoM: −5.5%
Apartment
Avg/Median Rent$1,771 / $1,500Range$780 – $8,850Rent per Sq Ft$3 / $3Sq Ft674 / 624DOM85 / 68New7Total85
Condo
Avg/Median Rent$2,742 / $1,750Range$1,250 – $6,200Rent per Sq Ft$3 / $3Sq Ft1,030 / 950DOM31 / 36New1Total6
Single Family
Avg/Median Rent$3,181 / $2,895Range$500 – $8,300Rent per Sq Ft$3 / $3Sq Ft1,479 / 1,219DOM18 / 1New20Total41
Townhouse
Avg/Median Rent$3,332 / $3,295Range$1,600 – $5,856Rent per Sq Ft$3 / $2Sq Ft1,448 / 1,280DOM56 / 17New6Total23
Rentals by Bedroom Count
Studio
Avg:$1,163Median:$1,195Range:$500 – $1,550PSF:$3 / $3Sq Ft:348 / 304DOM:42 / 1New:10Total:36
1 Beds
Avg:$1,619Median:$1,500Range:$1,000 – $3,250PSF:$3 / $2Sq Ft:649 / 600DOM:107 / 59New:3Total:39
2 Beds
Avg:$2,592Median:$2,500Range:$1,025 – $5,702PSF:$3 / $2Sq Ft:983 / 950DOM:42 / 2New:13Total:42
3 Beds
Avg:$3,756Median:$3,450Range:$2,450 – $6,200PSF:$2 / $2Sq Ft:1,619 / 1,395DOM:49 / 16New:4Total:23
4 Beds
Avg:$4,144Median:$3,300Range:$2,795 – $8,850PSF:$2 / $2Sq Ft:1,873 / 1,710DOM:30 / 7New:2Total:10
5 Beds
Avg:$6,224Median:$4,550Range:$3,796 – $8,300PSF:$2 / $2Sq Ft:3,180 / 2,280DOM:62 / 2New:2Total:4
6 Beds
Avg:$7,500Median:$7,500Range:$7,500 – $7,500PSF:$3 / $3Sq Ft:2,500 / 2,500DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,163 | $1,195 | $500 – $1,550 | $3 / $3 | 348 / 304 | 42 / 1 | 10 | 36 |
| 1 Beds | $1,619 | $1,500 | $1,000 – $3,250 | $3 / $2 | 649 / 600 | 107 / 59 | 3 | 39 |
| 2 Beds | $2,592 | $2,500 | $1,025 – $5,702 | $3 / $2 | 983 / 950 | 42 / 2 | 13 | 42 |
| 3 Beds | $3,756 | $3,450 | $2,450 – $6,200 | $2 / $2 | 1,619 / 1,395 | 49 / 16 | 4 | 23 |
| 4 Beds | $4,144 | $3,300 | $2,795 – $8,850 | $2 / $2 | 1,873 / 1,710 | 30 / 7 | 2 | 10 |
| 5 Beds | $6,224 | $4,550 | $3,796 – $8,300 | $2 / $2 | 3,180 / 2,280 | 62 / 2 | 2 | 4 |
| 6 Beds | $7,500 | $7,500 | $7,500 – $7,500 | $3 / $3 | 2,500 / 2,500 | — | 0 | 1 |
6-Month Sales Trend
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:$739,999Median DOM:25New:81Total:261
Jun 2026
Median Price:$739,000Median DOM:28New:84Total:278
Jul 2026
Median Price:$739,000Median DOM:33New:29Total:277
6-Month Rental Trend
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:41Total:152
Jun 2026
Median Rent:$1,905Median DOM:16New:47Total:155
Jul 2026
Median Rent:$1,800Median DOM:14New:34Total:155
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, while total rental inventory was flat.
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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