ZIP 98148 Housing Market Report
Northwest Seattle
Report period: August 2026
98148 Monthly Market Update – August 2026
ZIP 98148 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$585,000
−7.0%
Median DOM (Sales)
27
0.0%
New Listings (Sales)
2
−80.0%
Median Rent
$1,900
+4.1%
Median DOM (Rental)
7
−50.0%
Total Rental Listings
35
+2.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (13 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($1,250,000 median)
Sales Market Overview
Median Price
$585,000
−7.0%
Median DOM
27
0.0%
New Listings
2
−80.0%
Inventory
25
−3.8%
- Average Price: $587,694
- Median Price: $585,000
- Price Range: $175,000 – $1,250,000
- Price per Sq Ft (Avg/Median): $378 / $347
- Square Footage (Avg/Median): 1,620 / 1,481
- Square Footage Range: 547 – 3,804
- Days on Market (Avg/Median): 44 / 27
- Days on Market Range: 5 – 351
- New Listings: 2
- Total Listings: 25
Sales by Property Type
Condo
Avg/Median Price$224,123 / $194,990Range$175,000 – $289,750Price per Sq Ft$313 / $301Sq Ft722 / 638DOM47 / 13New1Total6
Land
Avg/Median Price$199,900 / $199,900Range$199,900 – $199,900Price per Sq Ft—Sq Ft—DOM351 / 351New0Total1
Multi-Family
Avg/Median Price$1,165,000 / $1,080,000Range$1,080,000 – $1,250,000Price per Sq Ft$363 / $329Sq Ft3,262 / 2,720DOM54 / 46New0Total2
Single Family
Avg/Median Price$692,131 / $699,950Range$519,950 – $884,000Price per Sq Ft$419 / $429Sq Ft1,744 / 1,910DOM20 / 15New1Total13
Townhouse
Avg/Median Price$606,667 / $585,000Range$585,000 – $650,000Price per Sq Ft$345 / $337Sq Ft1,787 / 1,735DOM36 / 35New0Total3
Sales by Bedroom Count
1 Beds
Avg:$183,330Median:$180,000Range:$175,000 – $194,990PSF:$318 / $320Sq Ft:579 / 552DOM:28 / 13New:0Total:3
2 Beds
Avg:$264,917Median:$265,000Range:$240,000 – $289,750PSF:$307 / $301Sq Ft:866 / 881DOM:65 / 88New:1Total:3
3 Beds
Avg:$641,226Median:$585,000Range:$519,950 – $819,918PSF:$401 / $383Sq Ft:1,691 / 1,735DOM:22 / 15New:1Total:12
4 Beds
Avg:$768,000Median:$750,000Range:$670,000 – $884,000PSF:$444 / $431Sq Ft:1,760 / 1,910DOM:26 / 12New:0Total:3
5 Beds
Avg:$949,500Median:$819,000Range:$819,000 – $1,080,000PSF:$365 / $333Sq Ft:2,590 / 2,460DOM:37 / 27New:0Total:2
8 Beds
Avg:$1,250,000Median:$1,250,000Range:$1,250,000 – $1,250,000PSF:$329 / $329Sq Ft:3,804 / 3,804DOM:61 / 61New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $183,330 | $180,000 | $175,000 – $194,990 | $318 / $320 | 579 / 552 | 28 / 13 | 0 | 3 |
| 2 Beds | $264,917 | $265,000 | $240,000 – $289,750 | $307 / $301 | 866 / 881 | 65 / 88 | 1 | 3 |
| 3 Beds | $641,226 | $585,000 | $519,950 – $819,918 | $401 / $383 | 1,691 / 1,735 | 22 / 15 | 1 | 12 |
| 4 Beds | $768,000 | $750,000 | $670,000 – $884,000 | $444 / $431 | 1,760 / 1,910 | 26 / 12 | 0 | 3 |
| 5 Beds | $949,500 | $819,000 | $819,000 – $1,080,000 | $365 / $333 | 2,590 / 2,460 | 37 / 27 | 0 | 2 |
| 8 Beds | $1,250,000 | $1,250,000 | $1,250,000 – $1,250,000 | $329 / $329 | 3,804 / 3,804 | 61 / 61 | 0 | 1 |
Rental Market Overview
Median Rent
$1,900
+4.1%
Median DOM
7
−50.0%
New Listings
10
Inventory
35
+2.9%
- Average Rent: $2,411
- Median Rent: $1,900
- Rent Range: $1,145 – $5,995
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,268 / 853
- Square Footage Range: 512 – 3,660
- Days on Market (Avg/Median): 67 / 7
- Days on Market Range: 1 – 322
- New Listings: 10
- Total Listings: 35
Rentals by Property Type
Apartment
$1,625
Median DOM: 69
Inventory: 21
MoM: +4.1%
Condo
$2,250
Median DOM: 1
Inventory: 5
MoM: +4.1%
Single Family
$3,995
Median DOM: 6
Inventory: 9
MoM: +4.1%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +4.1%
Apartment
Avg/Median Rent$1,697 / $1,625Range$1,145 – $2,795Rent per Sq Ft$2 / $2Sq Ft783 / 700DOM117 / 69New5Total21
Condo
Avg/Median Rent$2,267 / $2,250Range$1,695 – $2,595Rent per Sq Ft$2 / $3Sq Ft968 / 1,036DOM1 / 1New3Total5
Single Family
Avg/Median Rent$4,157 / $3,995Range$2,795 – $5,995Rent per Sq Ft$2 / $2Sq Ft2,567 / 2,690DOM7 / 6New2Total9
Rentals by Bedroom Count
Studio
Avg:$1,170Median:$1,145Range:$1,145 – $1,195PSF:$2 / $2Sq Ft:512 / 512DOM:92 / 1New:1Total:2
1 Beds
Avg:$1,483Median:$1,525Range:$1,250 – $1,693PSF:$2 / $2Sq Ft:666 / 650DOM:124 / 69New:4Total:13
2 Beds
Avg:$1,954Median:$1,900Range:$1,695 – $2,200PSF:$2 / $2Sq Ft:909 / 925DOM:62 / 1New:2Total:5
3 Beds
Avg:$2,984Median:$2,795Range:$2,250 – $3,995PSF:$2 / $2Sq Ft:1,555 / 1,320DOM:32 / 6New:3Total:11
5 Beds
Avg:$5,390Median:$5,675Range:$4,500 – $5,995PSF:$2 / $2Sq Ft:3,283 / 3,500DOM:12 / 17New:0Total:3
6 Beds
Avg:$4,000Median:$4,000Range:$4,000 – $4,000PSF:$1 / $1Sq Ft:3,200 / 3,200DOM:7 / 7New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,170 | $1,145 | $1,145 – $1,195 | $2 / $2 | 512 / 512 | 92 / 1 | 1 | 2 |
| 1 Beds | $1,483 | $1,525 | $1,250 – $1,693 | $2 / $2 | 666 / 650 | 124 / 69 | 4 | 13 |
| 2 Beds | $1,954 | $1,900 | $1,695 – $2,200 | $2 / $2 | 909 / 925 | 62 / 1 | 2 | 5 |
| 3 Beds | $2,984 | $2,795 | $2,250 – $3,995 | $2 / $2 | 1,555 / 1,320 | 32 / 6 | 3 | 11 |
| 5 Beds | $5,390 | $5,675 | $4,500 – $5,995 | $2 / $2 | 3,283 / 3,500 | 12 / 17 | 0 | 3 |
| 6 Beds | $4,000 | $4,000 | $4,000 – $4,000 | $1 / $1 | 3,200 / 3,200 | 7 / 7 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$564,950Median DOM:15New:9Total:22
Apr 2026
Median Price:$585,000Median DOM:40New:4Total:25
May 2026
Median Price:$594,950Median DOM:27New:8Total:23
Jun 2026
Median Price:$670,000Median DOM:26New:8Total:24
Jul 2026
Median Price:$629,000Median DOM:27New:10Total:26
Aug 2026
Median Price:$585,000Median DOM:27New:2Total:25
6-Month Rental Trend
Mar 2026
Median Rent:$1,640Median DOM:26New:8Total:28
Apr 2026
Median Rent:$1,616Median DOM:56New:3Total:24
May 2026
Median Rent:$1,648Median DOM:87New:6Total:24
Jun 2026
Median Rent:$1,708Median DOM:28New:8Total:28
Jul 2026
Median Rent:$1,825Median DOM:14New:12Total:34
Aug 2026
Median Rent:$1,900Median DOM:7New:10Total:35
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market were unchanged, signaling steady 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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