ZIP 98118 Housing Market Report
Northwest Seattle
Report period: March 2026
98118 Monthly Market Update – March 2026
ZIP 98118 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$699,950
+1.0%
Median DOM (Sales)
40
−7.0%
New Listings (Sales)
17
−72.6%
Median Rent
$1,995
−0.2%
Median DOM (Rental)
16
−46.7%
Total Rental Listings
133
+5.6%
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 (16 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,095,000 median)
Sales Market Overview
Median Price
$699,950
+1.0%
Median DOM
40
−7.0%
New Listings
17
−72.6%
Inventory
227
+4.6%
- Average Price: $836,380
- Median Price: $699,950
- Price Range: $35,000 – $4,750,000
- Price per Sq Ft (Avg/Median): $500 / $483
- Square Footage (Avg/Median): 1,782 / 1,551
- Square Footage Range: 600 – 5,911
- Days on Market (Avg/Median): 66 / 40
- Days on Market Range: 2 – 315
- New Listings: 17
- Total Listings: 227
Sales by Property Type
Condo
Avg/Median Price$572,544 / $599,950Range$61,679 – $1,099,999Price per Sq Ft$476 / $513Sq Ft1,181 / 1,073DOM89 / 64New1Total18
Land
Avg/Median Price$727,672 / $350,000Range$35,000 – $3,750,000Price per Sq Ft—Sq Ft—DOM137 / 130New0Total34
Multi-Family
Avg/Median Price$1,071,250 / $825,000Range$790,000 – $1,595,000Price per Sq Ft$350 / $326Sq Ft3,002 / 2,890DOM157 / 72New0Total4
Single Family
Avg/Median Price$996,226 / $799,950Range$395,000 – $4,750,000Price per Sq Ft$509 / $474Sq Ft2,069 / 1,810DOM43 / 16New15Total106
Townhouse
Avg/Median Price$691,181 / $649,500Range$470,000 – $1,149,000Price per Sq Ft$502 / $498Sq Ft1,407 / 1,400DOM62 / 63New1Total65
Sales by Bedroom Count
1 Beds
Avg:$388,859Median:$534,997Range:$61,679 – $569,900PSF:$427 / $496Sq Ft:867 / 770DOM:63 / 22New:0Total:3
2 Beds
Avg:$569,122Median:$599,000Range:$79,263 – $725,000PSF:$551 / $557Sq Ft:1,058 / 1,073DOM:60 / 58New:2Total:57
3 Beds
Avg:$808,562Median:$769,000Range:$436,000 – $2,390,000PSF:$512 / $483Sq Ft:1,613 / 1,552DOM:46 / 24New:5Total:76
4 Beds
Avg:$1,091,225Median:$899,000Range:$485,000 – $2,900,000PSF:$451 / $414Sq Ft:2,405 / 2,370DOM:62 / 19New:6Total:35
5 Beds
Avg:$1,607,104Median:$1,095,000Range:$675,000 – $4,750,000PSF:$444 / $401Sq Ft:3,536 / 3,170DOM:58 / 16New:2Total:13
6 Beds
Avg:$1,360,998Median:$999,990Range:$928,000 – $2,800,000PSF:$417 / $306Sq Ft:3,236 / 3,280DOM:40 / 14New:2Total:5
7 Beds
Avg:$1,031,667Median:$850,000Range:$650,000 – $1,595,000PSF:$330 / $304Sq Ft:3,026 / 2,800DOM:159 / 227New:0Total:3
8 Beds
Avg:$1,075,000Median:$1,075,000Range:$1,075,000 – $1,075,000PSF:$349 / $349Sq Ft:3,080 / 3,080DOM:14 / 14New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $388,859 | $534,997 | $61,679 – $569,900 | $427 / $496 | 867 / 770 | 63 / 22 | 0 | 3 |
| 2 Beds | $569,122 | $599,000 | $79,263 – $725,000 | $551 / $557 | 1,058 / 1,073 | 60 / 58 | 2 | 57 |
| 3 Beds | $808,562 | $769,000 | $436,000 – $2,390,000 | $512 / $483 | 1,613 / 1,552 | 46 / 24 | 5 | 76 |
| 4 Beds | $1,091,225 | $899,000 | $485,000 – $2,900,000 | $451 / $414 | 2,405 / 2,370 | 62 / 19 | 6 | 35 |
| 5 Beds | $1,607,104 | $1,095,000 | $675,000 – $4,750,000 | $444 / $401 | 3,536 / 3,170 | 58 / 16 | 2 | 13 |
| 6 Beds | $1,360,998 | $999,990 | $928,000 – $2,800,000 | $417 / $306 | 3,236 / 3,280 | 40 / 14 | 2 | 5 |
| 7 Beds | $1,031,667 | $850,000 | $650,000 – $1,595,000 | $330 / $304 | 3,026 / 2,800 | 159 / 227 | 0 | 3 |
| 8 Beds | $1,075,000 | $1,075,000 | $1,075,000 – $1,075,000 | $349 / $349 | 3,080 / 3,080 | 14 / 14 | 0 | 1 |
Rental Market Overview
Median Rent
$1,995
−0.2%
Median DOM
16
−46.7%
New Listings
29
Inventory
133
+5.6%
- Average Rent: $2,332
- Median Rent: $1,995
- Rent Range: $500 – $7,718
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 1,060 / 818
- Square Footage Range: 257 – 5,575
- Days on Market (Avg/Median): 69 / 16
- Days on Market Range: 1 – 357
- New Listings: 29
- Total Listings: 133
Rentals by Property Type
Apartment
$1,495
Median DOM: 50
Inventory: 67
MoM: −0.2%
Condo
$1,999
Median DOM: 1
Inventory: 4
MoM: −0.2%
Single Family
$3,099
Median DOM: 1
Inventory: 42
MoM: −0.2%
Townhouse
$3,200
Median DOM: 15
Inventory: 18
MoM: −0.2%
Apartment
Avg/Median Rent$1,685 / $1,495Range$785 – $7,718Rent per Sq Ft$3 / $3Sq Ft602 / 550DOM111 / 50New8Total67
Condo
Avg/Median Rent$2,400 / $1,999Range$1,500 – $3,500Rent per Sq Ft$3 / $2Sq Ft924 / 700DOM48 / 1New2Total4
Multi-Family
Avg/Median Rent$2,600 / $2,500Range$2,500 – $2,699Rent per Sq Ft$2 / $2Sq Ft1,050 / 1,000DOM79 / 71New0Total2
Single Family
Avg/Median Rent$2,926 / $3,099Range$500 – $5,500Rent per Sq Ft$2 / $2Sq Ft1,602 / 1,500DOM36 / 1New14Total42
Townhouse
Avg/Median Rent$3,308 / $3,200Range$1,600 – $5,151Rent per Sq Ft$2 / $2Sq Ft1,576 / 1,417DOM50 / 15New5Total18
Rentals by Bedroom Count
Studio
Avg:$1,236Median:$1,225Range:$500 – $1,995PSF:$4 / $4Sq Ft:374 / 292DOM:94 / 1New:8Total:28
1 Beds
Avg:$1,561Median:$1,500Range:$660 – $3,250PSF:$3 / $3Sq Ft:625 / 624DOM:90 / 34New:4Total:38
2 Beds
Avg:$2,578Median:$2,475Range:$1,610 – $4,495PSF:$2 / $2Sq Ft:1,033 / 1,040DOM:63 / 13New:7Total:27
3 Beds
Avg:$3,352Median:$3,300Range:$2,195 – $5,151PSF:$2 / $2Sq Ft:1,627 / 1,417DOM:39 / 4New:8Total:23
4 Beds
Avg:$3,629Median:$3,500Range:$3,100 – $4,500PSF:$2 / $2Sq Ft:2,021 / 1,820DOM:57 / 23New:1Total:13
5 Beds
Avg:$4,550Median:$3,899Range:$3,899 – $5,200PSF:$2 / $2Sq Ft:2,740 / 2,280DOM:44 / 1New:1Total:2
6 Beds
Avg:$6,609Median:$5,500Range:$5,500 – $7,718PSF:$2 / $2Sq Ft:2,500 / 2,500DOM:168 / 168New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,236 | $1,225 | $500 – $1,995 | $4 / $4 | 374 / 292 | 94 / 1 | 8 | 28 |
| 1 Beds | $1,561 | $1,500 | $660 – $3,250 | $3 / $3 | 625 / 624 | 90 / 34 | 4 | 38 |
| 2 Beds | $2,578 | $2,475 | $1,610 – $4,495 | $2 / $2 | 1,033 / 1,040 | 63 / 13 | 7 | 27 |
| 3 Beds | $3,352 | $3,300 | $2,195 – $5,151 | $2 / $2 | 1,627 / 1,417 | 39 / 4 | 8 | 23 |
| 4 Beds | $3,629 | $3,500 | $3,100 – $4,500 | $2 / $2 | 2,021 / 1,820 | 57 / 23 | 1 | 13 |
| 5 Beds | $4,550 | $3,899 | $3,899 – $5,200 | $2 / $2 | 2,740 / 2,280 | 44 / 1 | 1 | 2 |
| 6 Beds | $6,609 | $5,500 | $5,500 – $7,718 | $2 / $2 | 2,500 / 2,500 | 168 / 168 | 0 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$700,000Median DOM:50New:53Total:263
Nov 2025
Median Price:$699,950Median DOM:52New:40Total:239
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:$699,950Median DOM:40New:17Total:227
6-Month Rental Trend
Oct 2025
Median Rent:$2,100Median DOM:25New:38Total:118
Nov 2025
Median Rent:$2,000Median DOM:48New:31Total:111
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:$1,995Median DOM:16New:29Total:133
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.
980019800298003980049800598006980079800898010980119801298014980199802098021980229802398024980259802698027980289802998030980319803298033980349803698037+65 more
← Back to Northwest Seattle