ZIP 98198 Housing Market Report
Northwest Seattle
Report period: May 2026
98198 Monthly Market Update – May 2026
ZIP 98198 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$539,000
−0.2%
Median DOM (Sales)
26
−3.7%
New Listings (Sales)
10
−79.6%
Median Rent
$1,795
0.0%
Median DOM (Rental)
14
−33.3%
Total Rental Listings
72
−4.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (11 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 7 Beds ($1,200,000 median)
Sales Market Overview
Median Price
$539,000
−0.2%
Median DOM
26
−3.7%
New Listings
10
−79.6%
Inventory
144
+1.4%
- Average Price: $597,397
- Median Price: $539,000
- Price Range: $35,000 – $2,395,000
- Price per Sq Ft (Avg/Median): $380 / $374
- Square Footage (Avg/Median): 1,702 / 1,430
- Square Footage Range: 466 – 4,650
- Days on Market (Avg/Median): 53 / 26
- Days on Market Range: 2 – 321
- New Listings: 10
- Total Listings: 144
Sales by Property Type
Condo
Avg/Median Price$415,775 / $379,000Range$179,850 – $875,000Price per Sq Ft$370 / $376Sq Ft1,143 / 1,067DOM74 / 52New1Total41
Land
Avg/Median Price$343,925 / $279,000Range$35,000 – $999,950Price per Sq Ft—Sq Ft—DOM139 / 109New0Total14
Manufactured
Avg/Median Price$238,738 / $224,950Range$75,000 – $405,000Price per Sq Ft$178 / $156Sq Ft1,331 / 1,291DOM86 / 49New0Total4
Multi-Family
Avg/Median Price$899,000 / $698,000Range$698,000 – $1,100,000Price per Sq Ft$257 / $215Sq Ft3,465 / 3,240DOM21 / 19New0Total2
Single Family
Avg/Median Price$753,014 / $650,000Range$450,000 – $2,395,000Price per Sq Ft$399 / $391Sq Ft1,996 / 1,840DOM26 / 11New8Total74
Townhouse
Avg/Median Price$631,944 / $470,000Range$365,000 – $1,295,000Price per Sq Ft$376 / $318Sq Ft1,605 / 1,498DOM44 / 32New1Total9
Sales by Bedroom Count
1 Beds
Avg:$360,760Median:$249,000Range:$179,850 – $925,000PSF:$518 / $429Sq Ft:622 / 560DOM:45 / 40New:0Total:5
2 Beds
Avg:$461,578Median:$405,000Range:$75,000 – $1,295,000PSF:$393 / $377Sq Ft:1,165 / 1,109DOM:67 / 48New:3Total:46
3 Beds
Avg:$605,320Median:$565,000Range:$274,950 – $1,198,000PSF:$389 / $391Sq Ft:1,568 / 1,470DOM:32 / 8New:2Total:44
4 Beds
Avg:$758,415Median:$750,000Range:$459,500 – $1,250,000PSF:$344 / $341Sq Ft:2,236 / 2,070DOM:29 / 20New:2Total:20
5 Beds
Avg:$1,188,850Median:$875,000Range:$499,000 – $2,395,000PSF:$340 / $281Sq Ft:3,319 / 3,160DOM:22 / 8New:3Total:10
6 Beds
Avg:$727,667Median:$698,000Range:$660,000 – $825,000PSF:$224 / $215Sq Ft:3,237 / 3,240DOM:35 / 25New:0Total:3
7 Beds
Avg:$1,200,000Median:$1,200,000Range:$1,200,000 – $1,200,000PSF:$282 / $282Sq Ft:4,260 / 4,260DOM:60 / 60New:0Total:1
8 Beds
Avg:$1,100,000Median:$1,100,000Range:$1,100,000 – $1,100,000PSF:$298 / $298Sq Ft:3,690 / 3,690DOM:22 / 22New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $360,760 | $249,000 | $179,850 – $925,000 | $518 / $429 | 622 / 560 | 45 / 40 | 0 | 5 |
| 2 Beds | $461,578 | $405,000 | $75,000 – $1,295,000 | $393 / $377 | 1,165 / 1,109 | 67 / 48 | 3 | 46 |
| 3 Beds | $605,320 | $565,000 | $274,950 – $1,198,000 | $389 / $391 | 1,568 / 1,470 | 32 / 8 | 2 | 44 |
| 4 Beds | $758,415 | $750,000 | $459,500 – $1,250,000 | $344 / $341 | 2,236 / 2,070 | 29 / 20 | 2 | 20 |
| 5 Beds | $1,188,850 | $875,000 | $499,000 – $2,395,000 | $340 / $281 | 3,319 / 3,160 | 22 / 8 | 3 | 10 |
| 6 Beds | $727,667 | $698,000 | $660,000 – $825,000 | $224 / $215 | 3,237 / 3,240 | 35 / 25 | 0 | 3 |
| 7 Beds | $1,200,000 | $1,200,000 | $1,200,000 – $1,200,000 | $282 / $282 | 4,260 / 4,260 | 60 / 60 | 0 | 1 |
| 8 Beds | $1,100,000 | $1,100,000 | $1,100,000 – $1,100,000 | $298 / $298 | 3,690 / 3,690 | 22 / 22 | 0 | 1 |
Rental Market Overview
Median Rent
$1,795
0.0%
Median DOM
14
−33.3%
New Listings
15
Inventory
72
−4.0%
- Average Rent: $2,117
- Median Rent: $1,795
- Rent Range: $800 – $5,295
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,094 / 850
- Square Footage Range: 300 – 3,910
- Days on Market (Avg/Median): 56 / 14
- Days on Market Range: 1 – 335
- New Listings: 15
- Total Listings: 72
Rentals by Property Type
Apartment
$1,700
Median DOM: 56
Inventory: 32
MoM: 0.0%
Condo
$1,995
Median DOM: 8
Inventory: 4
MoM: 0.0%
Single Family
$2,550
Median DOM: 1
Inventory: 32
MoM: 0.0%
Townhouse
$950
Median DOM: 9
Inventory: 4
MoM: 0.0%
Apartment
Avg/Median Rent$1,660 / $1,700Range$1,100 – $2,550Rent per Sq Ft$3 / $3Sq Ft656 / 652DOM119 / 56New3Total32
Condo
Avg/Median Rent$1,848 / $1,995Range$1,395 – $2,000Rent per Sq Ft$2 / $2Sq Ft776 / 680DOM11 / 8New1Total4
Single Family
Avg/Median Rent$2,670 / $2,550Range$800 – $5,295Rent per Sq Ft$2 / $2Sq Ft1,579 / 1,281DOM19 / 1New11Total32
Townhouse
Avg/Median Rent$1,618 / $950Range$950 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,265 / 1,200DOM62 / 9New0Total4
Rentals by Bedroom Count
Studio
Avg:$1,341Median:$1,295Range:$1,100 – $1,600PSF:$3 / $3Sq Ft:423 / 400DOM:148 / 103New:1Total:8
1 Beds
Avg:$1,492Median:$1,595Range:$800 – $1,897PSF:$3 / $3Sq Ft:620 / 652DOM:55 / 17New:3Total:22
2 Beds
Avg:$1,945Median:$1,800Range:$1,695 – $2,550PSF:$2 / $2Sq Ft:921 / 920DOM:43 / 8New:7Total:20
3 Beds
Avg:$2,739Median:$2,600Range:$980 – $3,800PSF:$2 / $2Sq Ft:1,482 / 1,330DOM:44 / 14New:2Total:14
4 Beds
Avg:$3,761Median:$3,800Range:$3,085 – $4,495PSF:$2 / $1Sq Ft:2,626 / 2,280DOM:8 / 1New:2Total:7
5 Beds
Avg:$5,295Median:$5,295Range:$5,295 – $5,295PSF:$2 / $2Sq Ft:2,320 / 2,320DOM:124 / 124New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,341 | $1,295 | $1,100 – $1,600 | $3 / $3 | 423 / 400 | 148 / 103 | 1 | 8 |
| 1 Beds | $1,492 | $1,595 | $800 – $1,897 | $3 / $3 | 620 / 652 | 55 / 17 | 3 | 22 |
| 2 Beds | $1,945 | $1,800 | $1,695 – $2,550 | $2 / $2 | 921 / 920 | 43 / 8 | 7 | 20 |
| 3 Beds | $2,739 | $2,600 | $980 – $3,800 | $2 / $2 | 1,482 / 1,330 | 44 / 14 | 2 | 14 |
| 4 Beds | $3,761 | $3,800 | $3,085 – $4,495 | $2 / $1 | 2,626 / 2,280 | 8 / 1 | 2 | 7 |
| 5 Beds | $5,295 | $5,295 | $5,295 – $5,295 | $2 / $2 | 2,320 / 2,320 | 124 / 124 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$550,000Median DOM:72New:13Total:113
Jan 2026
Median Price:$432,600Median DOM:62New:27Total:95
Feb 2026
Median Price:$450,000Median DOM:39New:29Total:105
Mar 2026
Median Price:$525,000Median DOM:33New:36Total:118
Apr 2026
Median Price:$540,000Median DOM:27New:49Total:142
May 2026
Median Price:$539,000Median DOM:26New:10Total:144
6-Month Rental Trend
Dec 2025
Median Rent:$1,800Median DOM:31New:29Total:83
Jan 2026
Median Rent:$1,795Median DOM:29New:30Total:88
Feb 2026
Median Rent:$1,795Median DOM:25New:22Total:88
Mar 2026
Median Rent:$1,795Median DOM:24New:21Total:70
Apr 2026
Median Rent:$1,795Median DOM:21New:24Total:75
May 2026
Median Rent:$1,795Median DOM:14New:15Total:72
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving 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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