ZIP 98148 Housing Market Report
Northwest Seattle
Report period: May 2026
98148 Monthly Market Update – May 2026
ZIP 98148 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$585,000
0.0%
Median DOM (Sales)
56
+40.0%
New Listings (Sales)
1
−75.0%
Median Rent
$1,625
+0.6%
Median DOM (Rental)
68
+21.4%
Total Rental Listings
25
+4.2%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (14 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($770,000 median)
Sales Market Overview
Median Price
$585,000
0.0%
Median DOM
56
+40.0%
New Listings
1
−75.0%
Inventory
21
−16.0%
- Average Price: $586,802
- Median Price: $585,000
- Price Range: $199,900 – $2,099,998
- Price per Sq Ft (Avg/Median): $400 / $366
- Square Footage (Avg/Median): 1,324 / 1,080
- Square Footage Range: 547 – 2,650
- Days on Market (Avg/Median): 72 / 56
- Days on Market Range: 3 – 260
- New Listings: 1
- Total Listings: 21
Sales by Property Type
Condo
Avg/Median Price$296,343 / $270,000Range$199,950 – $529,950Price per Sq Ft$363 / $365Sq Ft804 / 835DOM46 / 56New1Total7
Land
Avg/Median Price$1,008,299 / $725,000Range$199,900 – $2,099,998Price per Sq Ft—Sq Ft—DOM176 / 170New0Total3
Single Family
Avg/Median Price$668,360 / $675,000Range$549,750 – $770,000Price per Sq Ft$435 / $401Sq Ft1,645 / 1,640DOM65 / 25New0Total10
Townhouse
Avg/Median Price$539,950 / $539,950Range$539,950 – $539,950Price per Sq Ft$309 / $309Sq Ft1,747 / 1,747DOM14 / 14New0Total1
Sales by Bedroom Count
1 Beds
Avg:$221,483Median:$215,000Range:$199,950 – $249,500PSF:$351 / $366Sq Ft:635 / 660DOM:47 / 56New:0Total:3
2 Beds
Avg:$354,988Median:$305,000Range:$270,000 – $539,950PSF:$327 / $309Sq Ft:1,098 / 881DOM:22 / 11New:1Total:4
3 Beds
Avg:$630,444Median:$594,950Range:$529,950 – $750,000PSF:$477 / $449Sq Ft:1,375 / 1,400DOM:80 / 25New:0Total:8
4 Beds
Avg:$725,000Median:$725,000Range:$725,000 – $725,000PSF:$401 / $401Sq Ft:1,810 / 1,810DOM:3 / 3New:0Total:1
5 Beds
Avg:$675,000Median:$675,000Range:$675,000 – $675,000PSF:$326 / $326Sq Ft:2,070 / 2,070DOM:78 / 78New:0Total:1
6 Beds
Avg:$770,000Median:$770,000Range:$770,000 – $770,000PSF:$291 / $291Sq Ft:2,650 / 2,650DOM:37 / 37New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $221,483 | $215,000 | $199,950 – $249,500 | $351 / $366 | 635 / 660 | 47 / 56 | 0 | 3 |
| 2 Beds | $354,988 | $305,000 | $270,000 – $539,950 | $327 / $309 | 1,098 / 881 | 22 / 11 | 1 | 4 |
| 3 Beds | $630,444 | $594,950 | $529,950 – $750,000 | $477 / $449 | 1,375 / 1,400 | 80 / 25 | 0 | 8 |
| 4 Beds | $725,000 | $725,000 | $725,000 – $725,000 | $401 / $401 | 1,810 / 1,810 | 3 / 3 | 0 | 1 |
| 5 Beds | $675,000 | $675,000 | $675,000 – $675,000 | $326 / $326 | 2,070 / 2,070 | 78 / 78 | 0 | 1 |
| 6 Beds | $770,000 | $770,000 | $770,000 – $770,000 | $291 / $291 | 2,650 / 2,650 | 37 / 37 | 0 | 1 |
Rental Market Overview
Median Rent
$1,625
+0.6%
Median DOM
68
+21.4%
New Listings
4
Inventory
25
+4.2%
- Average Rent: $2,059
- Median Rent: $1,625
- Rent Range: $1,100 – $4,100
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,010 / 680
- Square Footage Range: 405 – 2,469
- Days on Market (Avg/Median): 108 / 68
- Days on Market Range: 1 – 362
- New Listings: 4
- Total Listings: 25
Rentals by Property Type
Apartment
$1,595
Median DOM: 146
Inventory: 17
MoM: +0.6%
Condo
$1,350
Median DOM: —
Inventory: 1
MoM: +0.6%
Single Family
$3,350
Median DOM: 1
Inventory: 7
MoM: +0.6%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +0.6%
Apartment
Avg/Median Rent$1,614 / $1,595Range$1,100 – $2,795Rent per Sq Ft$2 / $2Sq Ft712 / 605DOM169 / 146New0Total17
Condo
Avg/Median Rent$1,350 / $1,350Range$1,350 – $1,350Rent per Sq Ft$2 / $2Sq Ft640 / 640DOM—New0Total1
Single Family
Avg/Median Rent$3,239 / $3,350Range$1,995 – $4,100Rent per Sq Ft$2 / $2Sq Ft1,743 / 1,780DOM12 / 1New4Total7
Rentals by Bedroom Count
Studio
Avg:$1,232Median:$1,145Range:$1,100 – $1,450PSF:$3 / $2Sq Ft:472 / 500DOM:181 / 93New:0Total:3
1 Beds
Avg:$1,544Median:$1,550Range:$1,350 – $1,737PSF:$2 / $2Sq Ft:634 / 640DOM:206 / 225New:0Total:11
2 Beds
Avg:$1,830Median:$1,825Range:$1,600 – $1,995PSF:$2 / $2Sq Ft:885 / 881DOM:81 / 1New:1Total:4
3 Beds
Avg:$3,075Median:$2,950Range:$2,795 – $3,430PSF:$2 / $2Sq Ft:1,664 / 1,780DOM:43 / 3New:1Total:5
5 Beds
Avg:$4,050Median:$4,000Range:$4,000 – $4,100PSF:$2 / $2Sq Ft:2,434 / 2,400DOM:7 / 1New:2Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,232 | $1,145 | $1,100 – $1,450 | $3 / $2 | 472 / 500 | 181 / 93 | 0 | 3 |
| 1 Beds | $1,544 | $1,550 | $1,350 – $1,737 | $2 / $2 | 634 / 640 | 206 / 225 | 0 | 11 |
| 2 Beds | $1,830 | $1,825 | $1,600 – $1,995 | $2 / $2 | 885 / 881 | 81 / 1 | 1 | 4 |
| 3 Beds | $3,075 | $2,950 | $2,795 – $3,430 | $2 / $2 | 1,664 / 1,780 | 43 / 3 | 1 | 5 |
| 5 Beds | $4,050 | $4,000 | $4,000 – $4,100 | $2 / $2 | 2,434 / 2,400 | 7 / 1 | 2 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$590,000Median DOM:60New:3Total:30
Jan 2026
Median Price:$599,950Median DOM:59New:8Total:28
Feb 2026
Median Price:$590,000Median DOM:37New:5Total:23
Mar 2026
Median Price:$564,950Median DOM:15New:9Total:22
Apr 2026
Median Price:$585,000Median DOM:40New:4Total:25
May 2026
Median Price:$585,000Median DOM:56New:1Total:21
6-Month Rental Trend
Dec 2025
Median Rent:$1,595Median DOM:100New:5Total:21
Jan 2026
Median Rent:$1,625Median DOM:121New:4Total:23
Feb 2026
Median Rent:$1,650Median DOM:49New:7Total:25
Mar 2026
Median Rent:$1,640Median DOM:26New:8Total:28
Apr 2026
Median Rent:$1,616Median DOM:56New:3Total:24
May 2026
Median Rent:$1,625Median DOM:68New:4Total:25
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. 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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