ZIP 98121 Housing Market Report
Northwest Seattle
Report period: August 2026
98121 Monthly Market Update – August 2026
ZIP 98121 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$539,000
+1.9%
Median DOM (Sales)
60
−4.8%
New Listings (Sales)
21
−48.8%
Median Rent
$2,200
+1.9%
Median DOM (Rental)
17
+6.3%
Total Rental Listings
146
−5.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (59 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 3 Beds ($1,060,000 median)
Sales Market Overview
Median Price
$539,000
+1.9%
Median DOM
60
−4.8%
New Listings
21
−48.8%
Inventory
248
+4.6%
- Average Price: $740,156
- Median Price: $539,000
- Price Range: $199,950 – $6,998,900
- Price per Sq Ft (Avg/Median): $703 / $657
- Square Footage (Avg/Median): 969 / 867
- Square Footage Range: 349 – 3,448
- Days on Market (Avg/Median): 76 / 60
- Days on Market Range: 1 – 363
- New Listings: 21
- Total Listings: 248
Sales by Property Type
Condo
Avg/Median Price$716,707 / $539,000Range$199,950 – $6,700,000Price per Sq Ft$704 / $657Sq Ft971 / 867DOM75 / 59New21Total246
Land
Avg/Median Price$6,998,900 / $6,998,900Range$6,998,900 – $6,998,900Price per Sq Ft—Sq Ft—DOM151 / 151New0Total1
Single Family
Avg/Median Price$249,900 / $249,900Range$249,900 – $249,900Price per Sq Ft$486 / $486Sq Ft514 / 514DOM118 / 118New0Total1
Sales by Bedroom Count
Studio
Avg:$305,985Median:$299,950Range:$239,950 – $399,999PSF:$665 / $676Sq Ft:467 / 447DOM:82 / 76New:0Total:13
1 Beds
Avg:$477,991Median:$429,000Range:$199,950 – $1,495,000PSF:$651 / $622Sq Ft:743 / 700DOM:73 / 57New:8Total:131
2 Beds
Avg:$1,042,638Median:$850,000Range:$359,900 – $6,700,000PSF:$762 / $734Sq Ft:1,309 / 1,154DOM:77 / 59New:12Total:99
3 Beds
Avg:$1,686,000Median:$1,060,000Range:$849,000 – $3,610,000PSF:$1,078 / $725Sq Ft:1,620 / 1,522DOM:86 / 46New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $305,985 | $299,950 | $239,950 – $399,999 | $665 / $676 | 467 / 447 | 82 / 76 | 0 | 13 |
| 1 Beds | $477,991 | $429,000 | $199,950 – $1,495,000 | $651 / $622 | 743 / 700 | 73 / 57 | 8 | 131 |
| 2 Beds | $1,042,638 | $850,000 | $359,900 – $6,700,000 | $762 / $734 | 1,309 / 1,154 | 77 / 59 | 12 | 99 |
| 3 Beds | $1,686,000 | $1,060,000 | $849,000 – $3,610,000 | $1,078 / $725 | 1,620 / 1,522 | 86 / 46 | 1 | 4 |
Rental Market Overview
Median Rent
$2,200
+1.9%
Median DOM
17
+6.3%
New Listings
17
Inventory
146
−5.8%
- Average Rent: $2,393
- Median Rent: $2,200
- Rent Range: $995 – $8,495
- Rent per Sq Ft (Avg/Median): $4 / $3
- Square Footage (Avg/Median): 651 / 584
- Square Footage Range: 285 – 1,608
- Days on Market (Avg/Median): 44 / 17
- Days on Market Range: 1 – 260
- New Listings: 17
- Total Listings: 146
Rentals by Property Type
Apartment
$1,795
Median DOM: 49
Inventory: 85
MoM: +1.9%
Condo
$2,750
Median DOM: 8
Inventory: 51
MoM: +1.9%
Single Family
$2,100
Median DOM: 1
Inventory: 9
MoM: +1.9%
Townhouse
$2,600
Median DOM: 1
Inventory: 1
MoM: +1.9%
Apartment
Avg/Median Rent$2,055 / $1,795Range$995 – $8,116Rent per Sq Ft$4 / $3Sq Ft547 / 510DOM76 / 49New3Total85
Condo
Avg/Median Rent$2,904 / $2,750Range$1,500 – $8,495Rent per Sq Ft$4 / $4Sq Ft782 / 700DOM18 / 8New11Total51
Single Family
Avg/Median Rent$2,665 / $2,100Range$1,700 – $5,500Rent per Sq Ft$3 / $3Sq Ft863 / 774DOM18 / 1New3Total9
Townhouse
Avg/Median Rent$2,600 / $2,600Range$2,600 – $2,600Rent per Sq Ft$4 / $4Sq Ft584 / 584DOM1 / 1New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,613Median:$1,550Range:$995 – $2,804PSF:$4 / $4Sq Ft:452 / 448DOM:59 / 26New:3Total:55
1 Beds
Avg:$2,562Median:$2,400Range:$1,300 – $8,116PSF:$4 / $3Sq Ft:663 / 640DOM:41 / 13New:10Total:67
2 Beds
Avg:$3,708Median:$3,595Range:$2,250 – $8,495PSF:$3 / $3Sq Ft:1,060 / 1,007DOM:32 / 11New:4Total:24
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,613 | $1,550 | $995 – $2,804 | $4 / $4 | 452 / 448 | 59 / 26 | 3 | 55 |
| 1 Beds | $2,562 | $2,400 | $1,300 – $8,116 | $4 / $3 | 663 / 640 | 41 / 13 | 10 | 67 |
| 2 Beds | $3,708 | $3,595 | $2,250 – $8,495 | $3 / $3 | 1,060 / 1,007 | 32 / 11 | 4 | 24 |
6-Month Sales Trend
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:$529,000Median DOM:63New:41Total:237
Aug 2026
Median Price:$539,000Median DOM:60New:21Total:248
6-Month Rental Trend
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:$2,160Median DOM:16New:43Total:155
Aug 2026
Median Rent:$2,200Median DOM:17New:17Total:146
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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