ZIP 98121 Housing Market Report
Northwest Seattle
Report period: July 2026
98121 Monthly Market Update – July 2026
ZIP 98121 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$525,000
−1.9%
Median DOM (Sales)
56
+7.7%
New Listings (Sales)
17
−67.3%
Median Rent
$2,100
+2.5%
Median DOM (Rental)
20
+17.6%
Total Rental Listings
152
−3.8%
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: Condo (55 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 3 Beds ($1,060,000 median)
Sales Market Overview
Median Price
$525,000
−1.9%
Median DOM
56
+7.7%
New Listings
17
−67.3%
Inventory
237
+2.2%
- Average Price: $734,715
- Median Price: $525,000
- Price Range: $249,900 – $6,998,900
- Price per Sq Ft (Avg/Median): $698 / $647
- Square Footage (Avg/Median): 965 / 858
- Square Footage Range: 349 – 3,448
- Days on Market (Avg/Median): 75 / 56
- Days on Market Range: 2 – 363
- New Listings: 17
- Total Listings: 237
Sales by Property Type
Condo
Avg/Median Price$710,122 / $525,000Range$250,000 – $6,700,000Price per Sq Ft$699 / $651Sq Ft967 / 858DOM74 / 55New17Total235
Land
Avg/Median Price$6,998,900 / $6,998,900Range$6,998,900 – $6,998,900Price per Sq Ft—Sq Ft—DOM121 / 121New0Total1
Single Family
Avg/Median Price$249,900 / $249,900Range$249,900 – $249,900Price per Sq Ft$486 / $486Sq Ft514 / 514DOM88 / 88New0Total1
Sales by Bedroom Count
Studio
Avg:$312,077Median:$299,950Range:$259,950 – $399,999PSF:$667 / $624Sq Ft:475 / 447DOM:69 / 58New:1Total:11
1 Beds
Avg:$474,111Median:$424,500Range:$249,900 – $1,495,000PSF:$644 / $620Sq Ft:743 / 702DOM:72 / 53New:10Total:129
2 Beds
Avg:$1,042,648Median:$860,000Range:$379,000 – $6,700,000PSF:$760 / $718Sq Ft:1,310 / 1,154DOM:78 / 58New:6Total:93
3 Beds
Avg:$1,856,333Median:$1,060,000Range:$899,000 – $3,610,000PSF:$1,190 / $725Sq Ft:1,628 / 1,522DOM:92 / 65New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $312,077 | $299,950 | $259,950 – $399,999 | $667 / $624 | 475 / 447 | 69 / 58 | 1 | 11 |
| 1 Beds | $474,111 | $424,500 | $249,900 – $1,495,000 | $644 / $620 | 743 / 702 | 72 / 53 | 10 | 129 |
| 2 Beds | $1,042,648 | $860,000 | $379,000 – $6,700,000 | $760 / $718 | 1,310 / 1,154 | 78 / 58 | 6 | 93 |
| 3 Beds | $1,856,333 | $1,060,000 | $899,000 – $3,610,000 | $1,190 / $725 | 1,628 / 1,522 | 92 / 65 | 0 | 3 |
Rental Market Overview
Median Rent
$2,100
+2.5%
Median DOM
20
+17.6%
New Listings
23
Inventory
152
−3.8%
- Average Rent: $2,366
- Median Rent: $2,100
- Rent Range: $575 – $8,495
- Rent per Sq Ft (Avg/Median): $4 / $4
- Square Footage (Avg/Median): 628 / 564
- Square Footage Range: 285 – 1,608
- Days on Market (Avg/Median): 57 / 20
- Days on Market Range: 1 – 356
- New Listings: 23
- Total Listings: 152
Rentals by Property Type
Apartment
$1,790
Median DOM: 60
Inventory: 93
MoM: +2.5%
Condo
$2,750
Median DOM: 4
Inventory: 52
MoM: +2.5%
Single Family
$1,795
Median DOM: 1
Inventory: 6
MoM: +2.5%
Townhouse
$2,800
Median DOM: 1
Inventory: 1
MoM: +2.5%
Apartment
Avg/Median Rent$2,035 / $1,790Range$995 – $8,116Rent per Sq Ft$4 / $4Sq Ft517 / 465DOM97 / 60New5Total93
Condo
Avg/Median Rent$3,032 / $2,750Range$1,445 – $8,495Rent per Sq Ft$4 / $4Sq Ft816 / 721DOM17 / 4New15Total52
Single Family
Avg/Median Rent$1,653 / $1,795Range$575 – $2,100Rent per Sq Ft$3 / $3Sq Ft618 / 603DOM18 / 1New2Total6
Townhouse
Avg/Median Rent$2,800 / $2,800Range$2,800 – $2,800Rent per Sq Ft$5 / $5Sq Ft584 / 584DOM1 / 1New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,583Median:$1,557Range:$575 – $2,600PSF:$4 / $4Sq Ft:449 / 450DOM:92 / 58New:6Total:64
1 Beds
Avg:$2,600Median:$2,335Range:$1,300 – $8,116PSF:$4 / $4Sq Ft:655 / 637DOM:40 / 16New:13Total:66
2 Beds
Avg:$3,944Median:$3,695Range:$2,175 – $8,495PSF:$4 / $4Sq Ft:1,045 / 1,007DOM:33 / 11New:4Total:22
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,583 | $1,557 | $575 – $2,600 | $4 / $4 | 449 / 450 | 92 / 58 | 6 | 64 |
| 1 Beds | $2,600 | $2,335 | $1,300 – $8,116 | $4 / $4 | 655 / 637 | 40 / 16 | 13 | 66 |
| 2 Beds | $3,944 | $3,695 | $2,175 – $8,495 | $4 / $4 | 1,045 / 1,007 | 33 / 11 | 4 | 22 |
6-Month Sales Trend
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:$540,000Median DOM:52New:59Total:208
Jun 2026
Median Price:$535,000Median DOM:52New:52Total:232
Jul 2026
Median Price:$525,000Median DOM:56New:17Total:237
6-Month Rental Trend
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:$2,050Median DOM:19New:41Total:160
Jun 2026
Median Rent:$2,048Median DOM:17New:49Total:158
Jul 2026
Median Rent:$2,100Median DOM:20New:23Total:152
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 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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