ZIP 98121 Housing Market Report
Northwest Seattle
Report period: May 2026
98121 Monthly Market Update – May 2026
ZIP 98121 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$549,000
−0.2%
Median DOM (Sales)
47
+6.8%
New Listings (Sales)
18
−69.5%
Median Rent
$2,070
+2.2%
Median DOM (Rental)
12
+20.0%
Total Rental Listings
175
+1.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (27 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 3 Beds ($1,060,000 median)
Sales Market Overview
Median Price
$549,000
−0.2%
Median DOM
47
+6.8%
New Listings
18
−69.5%
Inventory
200
+2.6%
- Average Price: $740,212
- Median Price: $549,000
- Price Range: $265,000 – $6,998,900
- Price per Sq Ft (Avg/Median): $706 / $647
- Square Footage (Avg/Median): 967 / 858
- Square Footage Range: 362 – 3,448
- Days on Market (Avg/Median): 68 / 47
- Days on Market Range: 3 – 355
- New Listings: 18
- Total Listings: 200
Sales by Property Type
Condo
Avg/Median Price$711,635 / $549,000Range$265,000 – $6,700,000Price per Sq Ft$709 / $647Sq Ft965 / 855DOM68 / 46New18Total196
Land
Avg/Median Price$6,998,900 / $6,998,900Range$6,998,900 – $6,998,900Price per Sq Ft—Sq Ft—DOM60 / 60New0Total1
Single Family
Avg/Median Price$449,450 / $299,900Range$299,900 – $599,000Price per Sq Ft$457 / $330Sq Ft1,164 / 514DOM97 / 27New0Total2
Townhouse
Avg/Median Price$664,000 / $664,000Range$664,000 – $664,000Price per Sq Ft$648 / $648Sq Ft1,025 / 1,025DOM49 / 49New0Total1
Sales by Bedroom Count
Studio
Avg:$330,892Median:$319,000Range:$265,000 – $424,000PSF:$707 / $716Sq Ft:473 / 438DOM:150 / 70New:0Total:10
1 Beds
Avg:$506,256Median:$450,000Range:$288,000 – $1,575,000PSF:$671 / $632Sq Ft:758 / 720DOM:59 / 45New:7Total:109
2 Beds
Avg:$980,114Median:$725,000Range:$459,000 – $6,700,000PSF:$734 / $659Sq Ft:1,279 / 1,119DOM:71 / 48New:9Total:76
3 Beds
Avg:$2,016,000Median:$1,060,000Range:$899,000 – $3,610,000PSF:$1,097 / $725Sq Ft:1,984 / 1,522DOM:35 / 4New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $330,892 | $319,000 | $265,000 – $424,000 | $707 / $716 | 473 / 438 | 150 / 70 | 0 | 10 |
| 1 Beds | $506,256 | $450,000 | $288,000 – $1,575,000 | $671 / $632 | 758 / 720 | 59 / 45 | 7 | 109 |
| 2 Beds | $980,114 | $725,000 | $459,000 – $6,700,000 | $734 / $659 | 1,279 / 1,119 | 71 / 48 | 9 | 76 |
| 3 Beds | $2,016,000 | $1,060,000 | $899,000 – $3,610,000 | $1,097 / $725 | 1,984 / 1,522 | 35 / 4 | 2 | 4 |
Rental Market Overview
Median Rent
$2,070
+2.2%
Median DOM
12
+20.0%
New Listings
29
Inventory
175
+1.7%
- Average Rent: $2,350
- Median Rent: $2,070
- Rent Range: $883 – $9,495
- Rent per Sq Ft (Avg/Median): $4 / $3
- Square Footage (Avg/Median): 640 / 603
- Square Footage Range: 256 – 1,875
- Days on Market (Avg/Median): 60 / 12
- Days on Market Range: 1 – 365
- New Listings: 29
- Total Listings: 175
Rentals by Property Type
Apartment
$1,960
Median DOM: 41
Inventory: 119
MoM: +2.2%
Condo
$2,570
Median DOM: 10
Inventory: 43
MoM: +2.2%
Single Family
$2,070
Median DOM: 1
Inventory: 12
MoM: +2.2%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +2.2%
Apartment
Avg/Median Rent$2,085 / $1,960Range$883 – $8,224Rent per Sq Ft$4 / $4Sq Ft546 / 509DOM91 / 41New11Total119
Condo
Avg/Median Rent$2,997 / $2,570Range$1,445 – $9,495Rent per Sq Ft$4 / $3Sq Ft823 / 721DOM18 / 10New12Total43
Multi-Family
Avg/Median Rent$4,000 / $4,000Range$4,000 – $4,000Rent per Sq Ft$3 / $3Sq Ft1,269 / 1,269DOM39 / 39New0Total1
Single Family
Avg/Median Rent$2,526 / $2,070Range$1,599 – $5,850Rent per Sq Ft$3 / $3Sq Ft835 / 702DOM11 / 1New6Total12
Rentals by Bedroom Count
Studio
Avg:$1,631Median:$1,595Range:$1,095 – $2,600PSF:$4 / $4Sq Ft:446 / 450DOM:92 / 22New:10Total:68
1 Beds
Avg:$2,359Median:$2,150Range:$883 – $8,224PSF:$3 / $3Sq Ft:657 / 648DOM:43 / 4New:16Total:83
2 Beds
Avg:$4,358Median:$3,945Range:$2,350 – $9,495PSF:$4 / $3Sq Ft:1,117 / 1,000DOM:64 / 36New:3Total:24
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,631 | $1,595 | $1,095 – $2,600 | $4 / $4 | 446 / 450 | 92 / 22 | 10 | 68 |
| 1 Beds | $2,359 | $2,150 | $883 – $8,224 | $3 / $3 | 657 / 648 | 43 / 4 | 16 | 83 |
| 2 Beds | $4,358 | $3,945 | $2,350 – $9,495 | $4 / $3 | 1,117 / 1,000 | 64 / 36 | 3 | 24 |
6-Month Sales Trend
Dec 2025
Median Price:$569,000Median DOM:90New:10Total:159
Jan 2026
Median Price:$580,000Median DOM:84New:43Total:149
Feb 2026
Median Price:$580,000Median DOM:53New:32Total:157
Mar 2026
Median Price:$575,000Median DOM:40New:56Total:177
Apr 2026
Median Price:$549,900Median DOM:44New:59Total:195
May 2026
Median Price:$549,000Median DOM:47New:18Total:200
6-Month Rental Trend
Dec 2025
Median Rent:$2,200Median DOM:43New:29Total:146
Jan 2026
Median Rent:$2,083Median DOM:34New:44Total:148
Feb 2026
Median Rent:$2,054Median DOM:30New:33Total:150
Mar 2026
Median Rent:$2,050Median DOM:23New:48Total:162
Apr 2026
Median Rent:$2,025Median DOM:10New:55Total:172
May 2026
Median Rent:$2,070Median DOM:12New:29Total:175
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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