ZIP 98148 Housing Market Report
Northwest Seattle
Report period: March 2026
98148 Monthly Market Update – March 2026
ZIP 98148 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$590,000
0.0%
Median DOM (Sales)
40
+8.1%
New Listings (Sales)
3
−40.0%
Median Rent
$1,695
+2.7%
Median DOM (Rental)
32
−34.7%
Total Rental Listings
27
+8.0%
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: Single Family (12 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 4 Beds ($774,999 median)
Sales Market Overview
Median Price
$590,000
0.0%
Median DOM
40
+8.1%
New Listings
3
−40.0%
Inventory
25
+8.7%
- Average Price: $587,538
- Median Price: $590,000
- Price Range: $169,000 – $2,099,998
- Price per Sq Ft (Avg/Median): $428 / $381
- Square Footage (Avg/Median): 1,351 / 1,080
- Square Footage Range: 360 – 3,080
- Days on Market (Avg/Median): 66 / 40
- Days on Market Range: 3 – 253
- New Listings: 3
- Total Listings: 25
Sales by Property Type
Condo
Avg/Median Price$266,100 / $224,900Range$169,000 – $579,950Price per Sq Ft$339 / $300Sq Ft768 / 760DOM62 / 36New1Total7
Land
Avg/Median Price$1,008,299 / $725,000Range$199,900 – $2,099,998Price per Sq Ft—Sq Ft—DOM125 / 140New0Total3
Multi-Family
Avg/Median Price$629,000 / $629,000Range$629,000 – $629,000Price per Sq Ft$449 / $449Sq Ft1,400 / 1,400DOM182 / 182New0Total1
Single Family
Avg/Median Price$644,373 / $699,000Range$325,000 – $799,999Price per Sq Ft$480 / $451Sq Ft1,591 / 1,640DOM44 / 12New2Total13
Townhouse
Avg/Median Price$795,000 / $795,000Range$795,000 – $795,000Price per Sq Ft$350 / $350Sq Ft2,269 / 2,269DOM83 / 83New0Total1
Sales by Bedroom Count
1 Beds
Avg:$265,990Median:$245,950Range:$169,000 – $375,000PSF:$529 / $450Sq Ft:560 / 560DOM:68 / 36New:1Total:5
2 Beds
Avg:$217,600Median:$224,900Range:$200,000 – $227,900PSF:$271 / $272Sq Ft:807 / 828DOM:29 / 8New:0Total:3
3 Beds
Avg:$653,978Median:$629,000Range:$545,000 – $799,999PSF:$492 / $507Sq Ft:1,393 / 1,380DOM:79 / 55New:1Total:7
4 Beds
Avg:$731,989Median:$774,999Range:$590,000 – $799,950PSF:$387 / $381Sq Ft:1,922 / 2,100DOM:46 / 7New:1Total:5
5 Beds
Avg:$721,500Median:$675,000Range:$675,000 – $768,000PSF:$288 / $249Sq Ft:2,575 / 2,070DOM:31 / 12New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $265,990 | $245,950 | $169,000 – $375,000 | $529 / $450 | 560 / 560 | 68 / 36 | 1 | 5 |
| 2 Beds | $217,600 | $224,900 | $200,000 – $227,900 | $271 / $272 | 807 / 828 | 29 / 8 | 0 | 3 |
| 3 Beds | $653,978 | $629,000 | $545,000 – $799,999 | $492 / $507 | 1,393 / 1,380 | 79 / 55 | 1 | 7 |
| 4 Beds | $731,989 | $774,999 | $590,000 – $799,950 | $387 / $381 | 1,922 / 2,100 | 46 / 7 | 1 | 5 |
| 5 Beds | $721,500 | $675,000 | $675,000 – $768,000 | $288 / $249 | 2,575 / 2,070 | 31 / 12 | 0 | 2 |
Rental Market Overview
Median Rent
$1,695
+2.7%
Median DOM
32
−34.7%
New Listings
7
Inventory
27
+8.0%
- Average Rent: $1,963
- Median Rent: $1,695
- Rent Range: $995 – $3,499
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 918 / 723
- Square Footage Range: 490 – 1,868
- Days on Market (Avg/Median): 85 / 32
- Days on Market Range: 1 – 350
- New Listings: 7
- Total Listings: 27
Rentals by Property Type
Apartment
$1,579
Median DOM: 91
Inventory: 18
MoM: +2.7%
Condo
$1,455
Median DOM: 1
Inventory: 2
MoM: +2.7%
Single Family
$2,850
Median DOM: 1
Inventory: 6
MoM: +2.7%
Townhouse
$3,200
Median DOM: 105
Inventory: 1
MoM: +2.7%
Apartment
Avg/Median Rent$1,628 / $1,579Range$995 – $2,995Rent per Sq Ft$2 / $2Sq Ft708 / 600DOM133 / 91New2Total18
Condo
Avg/Median Rent$1,722 / $1,455Range$1,455 – $1,990Rent per Sq Ft$2 / $2Sq Ft867 / 853DOM14 / 1New0Total2
Single Family
Avg/Median Rent$2,841 / $2,850Range$2,045 – $3,499Rent per Sq Ft$2 / $2Sq Ft1,365 / 1,270DOM1 / 1New5Total6
Townhouse
Avg/Median Rent$3,200 / $3,200Range$3,200 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,687 / 1,687DOM105 / 105New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,130Median:$1,100Range:$995 – $1,295PSF:$2 / $2Sq Ft:501 / 500DOM:106 / 80New:0Total:3
1 Beds
Avg:$1,607Median:$1,649Range:$1,400 – $1,725PSF:$3 / $3Sq Ft:619 / 600DOM:185 / 164New:1Total:11
2 Beds
Avg:$1,789Median:$1,600Range:$1,455 – $2,150PSF:$2 / $2Sq Ft:878 / 881DOM:47 / 1New:2Total:6
3 Beds
Avg:$3,028Median:$3,200Range:$2,250 – $3,499PSF:$2 / $2Sq Ft:1,552 / 1,687DOM:23 / 1New:4Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,130 | $1,100 | $995 – $1,295 | $2 / $2 | 501 / 500 | 106 / 80 | 0 | 3 |
| 1 Beds | $1,607 | $1,649 | $1,400 – $1,725 | $3 / $3 | 619 / 600 | 185 / 164 | 1 | 11 |
| 2 Beds | $1,789 | $1,600 | $1,455 – $2,150 | $2 / $2 | 878 / 881 | 47 / 1 | 2 | 6 |
| 3 Beds | $3,028 | $3,200 | $2,250 – $3,499 | $2 / $2 | 1,552 / 1,687 | 23 / 1 | 4 | 7 |
6-Month Sales Trend
Oct 2025
Median Price:$590,000Median DOM:35New:7Total:40
Nov 2025
Median Price:$585,000Median DOM:48New:7Total:32
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:$590,000Median DOM:40New:3Total:25
6-Month Rental Trend
Oct 2025
Median Rent:$1,600Median DOM:54New:6Total:20
Nov 2025
Median Rent:$1,600Median DOM:69New:3Total:20
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:$1,695Median DOM:32New:7Total:27
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. 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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