ZIP 98118 Housing Market Report
Northwest Seattle
Report period: August 2026
98118 Monthly Market Update – August 2026
ZIP 98118 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$715,000
−2.1%
Median DOM (Sales)
46
+15.0%
New Listings (Sales)
9
−86.6%
Median Rent
$2,100
+5.0%
Median DOM (Rental)
12
+100.0%
Total Rental Listings
152
−2.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (23 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,250,000 median)
Sales Market Overview
Median Price
$715,000
−2.1%
Median DOM
46
+15.0%
New Listings
9
−86.6%
Inventory
261
−5.4%
- Average Price: $820,368
- Median Price: $715,000
- Price Range: $35,000 – $8,200,000
- Price per Sq Ft (Avg/Median): $483 / $474
- Square Footage (Avg/Median): 1,787 / 1,587
- Square Footage Range: 400 – 4,810
- Days on Market (Avg/Median): 66 / 46
- Days on Market Range: 1 – 340
- New Listings: 9
- Total Listings: 261
Sales by Property Type
Condo
Avg/Median Price$611,043 / $562,000Range$238,000 – $1,449,990Price per Sq Ft$521 / $500Sq Ft1,183 / 1,080DOM64 / 53New1Total30
Land
Avg/Median Price$755,221 / $300,000Range$35,000 – $8,200,000Price per Sq Ft—Sq Ft—DOM110 / 93New0Total35
Multi-Family
Avg/Median Price$1,124,111 / $860,000Range$699,000 – $2,500,000Price per Sq Ft$397 / $349Sq Ft2,909 / 2,860DOM62 / 23New0Total9
Single Family
Avg/Median Price$909,893 / $795,000Range$349,950 – $4,250,000Price per Sq Ft$487 / $481Sq Ft1,939 / 1,841DOM51 / 33New7Total137
Townhouse
Avg/Median Price$691,596 / $670,000Range$451,000 – $1,149,000Price per Sq Ft$465 / $459Sq Ft1,533 / 1,500DOM86 / 60New1Total50
Sales by Bedroom Count
1 Beds
Avg:$295,983Median:$300,000Range:$238,000 – $349,950PSF:$543 / $595Sq Ft:562 / 565DOM:74 / 71New:0Total:3
2 Beds
Avg:$576,269Median:$558,000Range:$308,000 – $850,000PSF:$530 / $500Sq Ft:1,118 / 1,091DOM:65 / 48New:2Total:55
3 Beds
Avg:$780,240Median:$745,000Range:$450,000 – $2,370,000PSF:$486 / $476Sq Ft:1,667 / 1,539DOM:58 / 34New:3Total:92
4 Beds
Avg:$1,010,200Median:$859,000Range:$399,950 – $2,798,000PSF:$446 / $394Sq Ft:2,257 / 2,160DOM:55 / 38New:4Total:54
5 Beds
Avg:$1,419,393Median:$1,250,000Range:$615,000 – $4,250,000PSF:$477 / $421Sq Ft:2,896 / 2,590DOM:81 / 66New:0Total:15
6 Beds
Avg:$940,967Median:$929,900Range:$925,000 – $968,000PSF:$322 / $310Sq Ft:3,020 / 3,000DOM:38 / 48New:0Total:3
7 Beds
Avg:$1,239,500Median:$890,000Range:$890,000 – $1,589,000PSF:$447 / $439Sq Ft:2,790 / 1,960DOM:111 / 111New:0Total:2
8 Beds
Avg:$1,087,500Median:$1,075,000Range:$1,075,000 – $1,100,000PSF:$301 / $252Sq Ft:3,719 / 3,080DOM:92 / 23New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $295,983 | $300,000 | $238,000 – $349,950 | $543 / $595 | 562 / 565 | 74 / 71 | 0 | 3 |
| 2 Beds | $576,269 | $558,000 | $308,000 – $850,000 | $530 / $500 | 1,118 / 1,091 | 65 / 48 | 2 | 55 |
| 3 Beds | $780,240 | $745,000 | $450,000 – $2,370,000 | $486 / $476 | 1,667 / 1,539 | 58 / 34 | 3 | 92 |
| 4 Beds | $1,010,200 | $859,000 | $399,950 – $2,798,000 | $446 / $394 | 2,257 / 2,160 | 55 / 38 | 4 | 54 |
| 5 Beds | $1,419,393 | $1,250,000 | $615,000 – $4,250,000 | $477 / $421 | 2,896 / 2,590 | 81 / 66 | 0 | 15 |
| 6 Beds | $940,967 | $929,900 | $925,000 – $968,000 | $322 / $310 | 3,020 / 3,000 | 38 / 48 | 0 | 3 |
| 7 Beds | $1,239,500 | $890,000 | $890,000 – $1,589,000 | $447 / $439 | 2,790 / 1,960 | 111 / 111 | 0 | 2 |
| 8 Beds | $1,087,500 | $1,075,000 | $1,075,000 – $1,100,000 | $301 / $252 | 3,719 / 3,080 | 92 / 23 | 0 | 2 |
Rental Market Overview
Median Rent
$2,100
+5.0%
Median DOM
12
+100.0%
New Listings
25
Inventory
152
−2.6%
- Average Rent: $2,488
- Median Rent: $2,100
- Rent Range: $500 – $9,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,072 / 890
- Square Footage Range: 250 – 5,950
- Days on Market (Avg/Median): 50 / 12
- Days on Market Range: 1 – 308
- New Listings: 25
- Total Listings: 152
Rentals by Property Type
Apartment
$1,545
Median DOM: 47
Inventory: 75
MoM: +5.0%
Condo
$2,500
Median DOM: 1
Inventory: 7
MoM: +5.0%
Single Family
$2,995
Median DOM: 1
Inventory: 42
MoM: +5.0%
Townhouse
$3,250
Median DOM: 1
Inventory: 24
MoM: +5.0%
Apartment
Avg/Median Rent$1,709 / $1,545Range$785 – $5,150Rent per Sq Ft$3 / $3Sq Ft678 / 595DOM85 / 47New4Total75
Condo
Avg/Median Rent$2,654 / $2,500Range$925 – $6,200Rent per Sq Ft$3 / $3Sq Ft1,068 / 950DOM30 / 1New2Total7
Multi-Family
Avg/Median Rent$2,222 / $2,295Range$1,900 – $2,400Rent per Sq Ft$2 / $2Sq Ft988 / 850DOM16 / 14New1Total4
Single Family
Avg/Median Rent$3,438 / $2,995Range$500 – $9,500Rent per Sq Ft$3 / $3Sq Ft1,597 / 1,280DOM22 / 1New13Total42
Townhouse
Avg/Median Rent$3,256 / $3,250Range$1,600 – $5,856Rent per Sq Ft$2 / $2Sq Ft1,440 / 1,310DOM45 / 1New5Total24
Rentals by Bedroom Count
Studio
Avg:$1,223Median:$1,200Range:$500 – $1,849PSF:$4 / $3Sq Ft:363 / 303DOM:53 / 1New:8Total:32
1 Beds
Avg:$1,662Median:$1,545Range:$1,000 – $3,250PSF:$3 / $3Sq Ft:642 / 595DOM:111 / 90New:2Total:36
2 Beds
Avg:$2,473Median:$2,500Range:$925 – $4,941PSF:$2 / $2Sq Ft:1,004 / 950DOM:30 / 5New:10Total:42
3 Beds
Avg:$3,607Median:$3,400Range:$2,250 – $6,200PSF:$2 / $2Sq Ft:1,563 / 1,350DOM:34 / 12New:3Total:27
4 Beds
Avg:$4,005Median:$3,300Range:$2,400 – $7,500PSF:$2 / $2Sq Ft:1,779 / 1,710DOM:35 / 36New:1Total:9
5 Beds
Avg:$6,879Median:$8,250Range:$3,796 – $9,500PSF:$2 / $2Sq Ft:3,544 / 2,470DOM:58 / 12New:1Total:5
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 | $1,223 | $1,200 | $500 – $1,849 | $4 / $3 | 363 / 303 | 53 / 1 | 8 | 32 |
| 1 Beds | $1,662 | $1,545 | $1,000 – $3,250 | $3 / $3 | 642 / 595 | 111 / 90 | 2 | 36 |
| 2 Beds | $2,473 | $2,500 | $925 – $4,941 | $2 / $2 | 1,004 / 950 | 30 / 5 | 10 | 42 |
| 3 Beds | $3,607 | $3,400 | $2,250 – $6,200 | $2 / $2 | 1,563 / 1,350 | 34 / 12 | 3 | 27 |
| 4 Beds | $4,005 | $3,300 | $2,400 – $7,500 | $2 / $2 | 1,779 / 1,710 | 35 / 36 | 1 | 9 |
| 5 Beds | $6,879 | $8,250 | $3,796 – $9,500 | $2 / $2 | 3,544 / 2,470 | 58 / 12 | 1 | 5 |
| 6 Beds | $7,500 | $7,500 | $7,500 – $7,500 | $3 / $3 | 2,500 / 2,500 | — | 0 | 1 |
6-Month Sales Trend
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:$730,000Median DOM:40New:67Total:276
Aug 2026
Median Price:$715,000Median DOM:46New:9Total:261
6-Month Rental Trend
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:$2,000Median DOM:6New:51Total:156
Aug 2026
Median Rent:$2,100Median DOM:12New:25Total:152
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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