ZIP 98122 Housing Market Report
Northwest Seattle
Report period: May 2026
98122 Monthly Market Update – May 2026
ZIP 98122 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$800,000
+1.4%
Median DOM (Sales)
43
+7.5%
New Listings (Sales)
20
−64.9%
Median Rent
$1,695
0.0%
Median DOM (Rental)
25
+4.2%
Total Rental Listings
404
−2.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (13 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,580,000 median)
Sales Market Overview
Median Price
$800,000
+1.4%
Median DOM
43
+7.5%
New Listings
20
−64.9%
Inventory
218
+2.3%
- Average Price: $909,891
- Median Price: $800,000
- Price Range: $215,000 – $3,785,000
- Price per Sq Ft (Avg/Median): $599 / $599
- Square Footage (Avg/Median): 1,538 / 1,410
- Square Footage Range: 330 – 6,268
- Days on Market (Avg/Median): 62 / 43
- Days on Market Range: 1 – 334
- New Listings: 20
- Total Listings: 218
Sales by Property Type
Condo
Avg/Median Price$495,849 / $399,000Range$224,950 – $1,480,000Price per Sq Ft$577 / $570Sq Ft848 / 746DOM75 / 53New3Total77
Land
Avg/Median Price$586,800 / $575,000Range$215,000 – $995,000Price per Sq Ft—Sq Ft—DOM95 / 58New1Total5
Multi-Family
Avg/Median Price$1,472,536 / $1,600,000Range$725,000 – $2,250,000Price per Sq Ft$474 / $493Sq Ft3,255 / 2,940DOM91 / 42New2Total11
Single Family
Avg/Median Price$1,407,372 / $1,199,000Range$565,000 – $3,785,000Price per Sq Ft$624 / $593Sq Ft2,263 / 2,020DOM37 / 13New9Total56
Townhouse
Avg/Median Price$901,901 / $899,000Range$394,000 – $2,420,000Price per Sq Ft$623 / $633Sq Ft1,445 / 1,429DOM61 / 47New5Total69
Sales by Bedroom Count
Studio
Avg:$267,786Median:$250,000Range:$225,000 – $320,000PSF:$552 / $532Sq Ft:491 / 510DOM:59 / 60New:1Total:11
1 Beds
Avg:$439,889Median:$359,000Range:$224,950 – $1,699,000PSF:$575 / $576Sq Ft:791 / 660DOM:75 / 53New:0Total:41
2 Beds
Avg:$732,690Median:$699,950Range:$375,000 – $1,399,999PSF:$616 / $629Sq Ft:1,194 / 1,130DOM:64 / 51New:5Total:58
3 Beds
Avg:$1,059,470Median:$949,000Range:$690,000 – $2,645,000PSF:$625 / $633Sq Ft:1,687 / 1,590DOM:58 / 33New:7Total:61
4 Beds
Avg:$1,633,617Median:$1,439,000Range:$699,000 – $3,785,000PSF:$617 / $608Sq Ft:2,558 / 2,220DOM:29 / 15New:6Total:27
5 Beds
Avg:$1,538,556Median:$1,480,000Range:$810,000 – $2,799,000PSF:$464 / $486Sq Ft:3,419 / 2,730DOM:57 / 28New:0Total:9
6 Beds
Avg:$1,560,483Median:$1,580,000Range:$725,000 – $2,250,000PSF:$525 / $544Sq Ft:2,944 / 2,666DOM:134 / 104New:0Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $267,786 | $250,000 | $225,000 – $320,000 | $552 / $532 | 491 / 510 | 59 / 60 | 1 | 11 |
| 1 Beds | $439,889 | $359,000 | $224,950 – $1,699,000 | $575 / $576 | 791 / 660 | 75 / 53 | 0 | 41 |
| 2 Beds | $732,690 | $699,950 | $375,000 – $1,399,999 | $616 / $629 | 1,194 / 1,130 | 64 / 51 | 5 | 58 |
| 3 Beds | $1,059,470 | $949,000 | $690,000 – $2,645,000 | $625 / $633 | 1,687 / 1,590 | 58 / 33 | 7 | 61 |
| 4 Beds | $1,633,617 | $1,439,000 | $699,000 – $3,785,000 | $617 / $608 | 2,558 / 2,220 | 29 / 15 | 6 | 27 |
| 5 Beds | $1,538,556 | $1,480,000 | $810,000 – $2,799,000 | $464 / $486 | 3,419 / 2,730 | 57 / 28 | 0 | 9 |
| 6 Beds | $1,560,483 | $1,580,000 | $725,000 – $2,250,000 | $525 / $544 | 2,944 / 2,666 | 134 / 104 | 0 | 6 |
Rental Market Overview
Median Rent
$1,695
0.0%
Median DOM
25
+4.2%
New Listings
62
Inventory
404
−2.7%
- Average Rent: $2,136
- Median Rent: $1,695
- Rent Range: $599 – $9,315
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 641 / 535
- Square Footage Range: 250 – 2,930
- Days on Market (Avg/Median): 79 / 25
- Days on Market Range: 1 – 364
- New Listings: 62
- Total Listings: 404
Rentals by Property Type
Apartment
$1,595
Median DOM: 71
Inventory: 278
MoM: 0.0%
Condo
$1,995
Median DOM: 1
Inventory: 32
MoM: 0.0%
Single Family
$1,675
Median DOM: 1
Inventory: 58
MoM: 0.0%
Townhouse
$4,085
Median DOM: 144
Inventory: 33
MoM: 0.0%
Apartment
Avg/Median Rent$1,718 / $1,595Range$599 – $5,901Rent per Sq Ft$3 / $3Sq Ft562 / 520DOM109 / 71New27Total278
Condo
Avg/Median Rent$2,336 / $1,995Range$1,000 – $8,500Rent per Sq Ft$3 / $3Sq Ft686 / 604DOM27 / 1New9Total32
Multi-Family
Avg/Median Rent$2,515 / $2,095Range$1,850 – $3,600Rent per Sq Ft$3 / $2Sq Ft987 / 870DOM11 / 7New1Total3
Single Family
Avg/Median Rent$2,185 / $1,675Range$1,275 – $7,500Rent per Sq Ft$3 / $3Sq Ft744 / 510DOM14 / 1New23Total58
Townhouse
Avg/Median Rent$5,341 / $4,085Range$2,500 – $9,315Rent per Sq Ft$3 / $3Sq Ft1,294 / 1,318DOM111 / 144New2Total33
Rentals by Bedroom Count
Studio
Avg:$1,394Median:$1,425Range:$599 – $4,500PSF:$3 / $3Sq Ft:428 / 446DOM:92 / 25New:27Total:155
1 Beds
Avg:$1,864Median:$1,750Range:$786 – $5,901PSF:$3 / $3Sq Ft:584 / 575DOM:86 / 49New:18Total:151
2 Beds
Avg:$3,294Median:$2,499Range:$1,500 – $8,500PSF:$3 / $3Sq Ft:945 / 870DOM:58 / 3New:16Total:70
3 Beds
Avg:$4,652Median:$3,600Range:$2,900 – $9,315PSF:$3 / $3Sq Ft:1,373 / 1,310DOM:69 / 15New:1Total:24
4 Beds
Avg:$5,812Median:$5,900Range:$3,600 – $7,500PSF:$2 / $2Sq Ft:2,678 / 2,660DOM:32 / 7New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,394 | $1,425 | $599 – $4,500 | $3 / $3 | 428 / 446 | 92 / 25 | 27 | 155 |
| 1 Beds | $1,864 | $1,750 | $786 – $5,901 | $3 / $3 | 584 / 575 | 86 / 49 | 18 | 151 |
| 2 Beds | $3,294 | $2,499 | $1,500 – $8,500 | $3 / $3 | 945 / 870 | 58 / 3 | 16 | 70 |
| 3 Beds | $4,652 | $3,600 | $2,900 – $9,315 | $3 / $3 | 1,373 / 1,310 | 69 / 15 | 1 | 24 |
| 4 Beds | $5,812 | $5,900 | $3,600 – $7,500 | $2 / $2 | 2,678 / 2,660 | 32 / 7 | 0 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$800,000Median DOM:76New:20Total:188
Jan 2026
Median Price:$799,950Median DOM:67New:59Total:187
Feb 2026
Median Price:$799,950Median DOM:43New:40Total:188
Mar 2026
Median Price:$799,950Median DOM:36New:63Total:199
Apr 2026
Median Price:$789,000Median DOM:40New:57Total:213
May 2026
Median Price:$800,000Median DOM:43New:20Total:218
6-Month Rental Trend
Dec 2025
Median Rent:$1,675Median DOM:34New:134Total:419
Jan 2026
Median Rent:$1,695Median DOM:13New:143Total:453
Feb 2026
Median Rent:$1,695Median DOM:6New:130Total:450
Mar 2026
Median Rent:$1,695Median DOM:8New:113Total:438
Apr 2026
Median Rent:$1,695Median DOM:24New:100Total:415
May 2026
Median Rent:$1,695Median DOM:25New:62Total:404
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, 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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