ZIP 98121 Housing Market Report
Northwest Seattle
Report period: March 2026
98121 Monthly Market Update – March 2026
ZIP 98121 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$579,000
−0.2%
Median DOM (Sales)
54
+1.9%
New Listings (Sales)
20
−37.5%
Median Rent
$2,073
+0.9%
Median DOM (Rental)
22
−26.7%
Total Rental Listings
168
+12.0%
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: Townhouse (40 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 3 Beds ($1,879,000 median)
Sales Market Overview
Median Price
$579,000
−0.2%
Median DOM
54
+1.9%
New Listings
20
−37.5%
Inventory
174
+10.8%
- Average Price: $737,454
- Median Price: $579,000
- Price Range: $240,000 – $6,700,000
- Price per Sq Ft (Avg/Median): $732 / $670
- Square Footage (Avg/Median): 963 / 853
- Square Footage Range: 349 – 3,049
- Days on Market (Avg/Median): 89 / 54
- Days on Market Range: 2 – 350
- New Listings: 20
- Total Listings: 174
Sales by Property Type
Condo
Avg/Median Price$738,686 / $575,000Range$240,000 – $6,700,000Price per Sq Ft$735 / $674Sq Ft958 / 848DOM89 / 54New20Total172
Single Family
Avg/Median Price$599,000 / $599,000Range$599,000 – $599,000Price per Sq Ft$330 / $330Sq Ft1,813 / 1,813DOM157 / 157New0Total1
Townhouse
Avg/Median Price$664,000 / $664,000Range$664,000 – $664,000Price per Sq Ft$648 / $648Sq Ft1,025 / 1,025DOM40 / 40New0Total1
Sales by Bedroom Count
Studio
Avg:$332,784Median:$337,970Range:$240,000 – $439,000PSF:$718 / $758Sq Ft:467 / 447DOM:183 / 186New:2Total:14
1 Beds
Avg:$513,332Median:$479,000Range:$299,950 – $1,575,000PSF:$680 / $656Sq Ft:759 / 720DOM:77 / 48New:12Total:93
2 Beds
Avg:$1,059,210Median:$845,000Range:$498,000 – $6,700,000PSF:$780 / $732Sq Ft:1,307 / 1,154DOM:84 / 55New:6Total:63
3 Beds
Avg:$2,297,000Median:$1,879,000Range:$899,000 – $3,610,000PSF:$1,238 / $720Sq Ft:2,012 / 1,900DOM:97 / 69New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $332,784 | $337,970 | $240,000 – $439,000 | $718 / $758 | 467 / 447 | 183 / 186 | 2 | 14 |
| 1 Beds | $513,332 | $479,000 | $299,950 – $1,575,000 | $680 / $656 | 759 / 720 | 77 / 48 | 12 | 93 |
| 2 Beds | $1,059,210 | $845,000 | $498,000 – $6,700,000 | $780 / $732 | 1,307 / 1,154 | 84 / 55 | 6 | 63 |
| 3 Beds | $2,297,000 | $1,879,000 | $899,000 – $3,610,000 | $1,238 / $720 | 2,012 / 1,900 | 97 / 69 | 0 | 4 |
Rental Market Overview
Median Rent
$2,073
+0.9%
Median DOM
22
−26.7%
New Listings
37
Inventory
168
+12.0%
- Average Rent: $2,470
- Median Rent: $2,073
- Rent Range: $595 – $9,495
- Rent per Sq Ft (Avg/Median): $4 / $3
- Square Footage (Avg/Median): 665 / 591
- Square Footage Range: 285 – 1,914
- Days on Market (Avg/Median): 63 / 22
- Days on Market Range: 1 – 351
- New Listings: 37
- Total Listings: 168
Rentals by Property Type
Apartment
$1,950
Median DOM: 45
Inventory: 117
MoM: +0.9%
Condo
$2,900
Median DOM: 18
Inventory: 36
MoM: +0.9%
Single Family
$2,070
Median DOM: 1
Inventory: 14
MoM: +0.9%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +0.9%
Apartment
Avg/Median Rent$2,078 / $1,950Range$925 – $9,098Rent per Sq Ft$4 / $3Sq Ft566 / 526DOM90 / 45New21Total117
Condo
Avg/Median Rent$3,679 / $2,900Range$1,800 – $9,495Rent per Sq Ft$4 / $4Sq Ft900 / 783DOM27 / 18New7Total36
Multi-Family
Avg/Median Rent$4,000 / $4,000Range$4,000 – $4,000Rent per Sq Ft$3 / $3Sq Ft1,269 / 1,269DOM24 / 24New0Total1
Single Family
Avg/Median Rent$2,523 / $2,070Range$595 – $5,850Rent per Sq Ft$3 / $3Sq Ft843 / 702DOM8 / 1New9Total14
Rentals by Bedroom Count
Studio
Avg:$1,605Median:$1,587Range:$595 – $2,573PSF:$4 / $4Sq Ft:449 / 450DOM:107 / 67New:8Total:65
1 Beds
Avg:$2,424Median:$2,195Range:$1,295 – $9,098PSF:$3 / $3Sq Ft:661 / 648DOM:43 / 4New:23Total:78
2 Beds
Avg:$4,700Median:$4,000Range:$2,411 – $9,495PSF:$4 / $4Sq Ft:1,176 / 1,035DOM:56 / 24New:6Total:24
3 Beds
Avg:$8,690Median:$8,690Range:$8,690 – $8,690PSF:$5 / $5Sq Ft:1,914 / 1,914DOM:2 / 2New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,605 | $1,587 | $595 – $2,573 | $4 / $4 | 449 / 450 | 107 / 67 | 8 | 65 |
| 1 Beds | $2,424 | $2,195 | $1,295 – $9,098 | $3 / $3 | 661 / 648 | 43 / 4 | 23 | 78 |
| 2 Beds | $4,700 | $4,000 | $2,411 – $9,495 | $4 / $4 | 1,176 / 1,035 | 56 / 24 | 6 | 24 |
| 3 Beds | $8,690 | $8,690 | $8,690 – $8,690 | $5 / $5 | 1,914 / 1,914 | 2 / 2 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$579,000Median DOM:62New:32Total:220
Nov 2025
Median Price:$552,000Median DOM:81New:21Total:188
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:$579,000Median DOM:54New:20Total:174
6-Month Rental Trend
Oct 2025
Median Rent:$2,271Median DOM:30New:44Total:159
Nov 2025
Median Rent:$2,246Median DOM:31New:39Total:157
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:$2,073Median DOM:22New:37Total:168
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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