ZIP 98198 Housing Market Report
Northwest Seattle
Report period: August 2026
98198 Monthly Market Update – August 2026
ZIP 98198 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$499,950
−0.0%
Median DOM (Sales)
44
+4.8%
New Listings (Sales)
13
−70.5%
Median Rent
$1,795
+1.6%
Median DOM (Rental)
4
−69.2%
Total Rental Listings
83
+9.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (11 DOM)
- Fastest renting: Multi-Family (1 DOM)
- Strongest bedroom: 7 Beds ($1,095,000 median)
Sales Market Overview
Median Price
$499,950
−0.0%
Median DOM
44
+4.8%
New Listings
13
−70.5%
Inventory
190
+4.4%
- Average Price: $571,466
- Median Price: $499,950
- Price Range: $30,000 – $2,199,500
- Price per Sq Ft (Avg/Median): $365 / $354
- Square Footage (Avg/Median): 1,701 / 1,370
- Square Footage Range: 466 – 4,788
- Days on Market (Avg/Median): 61 / 44
- Days on Market Range: 1 – 304
- New Listings: 13
- Total Listings: 190
Sales by Property Type
Condo
Avg/Median Price$387,869 / $349,999Range$179,850 – $780,000Price per Sq Ft$375 / $354Sq Ft1,035 / 1,015DOM62 / 44New3Total70
Land
Avg/Median Price$305,156 / $225,000Range$30,000 – $950,000Price per Sq Ft—Sq Ft—DOM124 / 77New1Total18
Manufactured
Avg/Median Price$222,225 / $219,500Range$219,500 – $224,950Price per Sq Ft$163 / $152Sq Ft1,366 / 1,291DOM75 / 37New0Total2
Multi-Family
Avg/Median Price$949,250 / $798,500Range$798,500 – $1,100,000Price per Sq Ft$260 / $222Sq Ft3,645 / 3,600DOM48 / 11New0Total2
Single Family
Avg/Median Price$781,529 / $650,000Range$279,950 – $2,199,500Price per Sq Ft$368 / $360Sq Ft2,220 / 2,040DOM48 / 37New9Total88
Townhouse
Avg/Median Price$481,740 / $369,000Range$298,500 – $995,000Price per Sq Ft$319 / $298Sq Ft1,472 / 1,281DOM73 / 41New0Total10
Sales by Bedroom Count
1 Beds
Avg:$226,485Median:$210,000Range:$179,850 – $319,000PSF:$372 / $354Sq Ft:609 / 614DOM:54 / 48New:1Total:10
2 Beds
Avg:$403,158Median:$375,000Range:$209,995 – $749,000PSF:$377 / $355Sq Ft:1,091 / 1,100DOM:63 / 47New:3Total:69
3 Beds
Avg:$619,490Median:$569,950Range:$300,000 – $1,150,000PSF:$375 / $365Sq Ft:1,668 / 1,501DOM:48 / 27New:3Total:48
4 Beds
Avg:$811,935Median:$710,000Range:$475,000 – $1,590,000PSF:$355 / $351Sq Ft:2,335 / 2,400DOM:50 / 37New:1Total:21
5 Beds
Avg:$1,122,459Median:$824,950Range:$499,999 – $2,199,500PSF:$329 / $313Sq Ft:3,284 / 2,753DOM:55 / 54New:3Total:16
6 Beds
Avg:$1,052,790Median:$999,000Range:$660,000 – $1,425,000PSF:$272 / $233Sq Ft:3,825 / 3,788DOM:62 / 54New:1Total:5
7 Beds
Avg:$1,095,000Median:$1,095,000Range:$1,095,000 – $1,095,000PSF:$345 / $345Sq Ft:3,170 / 3,170DOM:33 / 33New:0Total:1
8 Beds
Avg:$949,250Median:$798,500Range:$798,500 – $1,100,000PSF:$260 / $222Sq Ft:3,645 / 3,600DOM:48 / 11New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $226,485 | $210,000 | $179,850 – $319,000 | $372 / $354 | 609 / 614 | 54 / 48 | 1 | 10 |
| 2 Beds | $403,158 | $375,000 | $209,995 – $749,000 | $377 / $355 | 1,091 / 1,100 | 63 / 47 | 3 | 69 |
| 3 Beds | $619,490 | $569,950 | $300,000 – $1,150,000 | $375 / $365 | 1,668 / 1,501 | 48 / 27 | 3 | 48 |
| 4 Beds | $811,935 | $710,000 | $475,000 – $1,590,000 | $355 / $351 | 2,335 / 2,400 | 50 / 37 | 1 | 21 |
| 5 Beds | $1,122,459 | $824,950 | $499,999 – $2,199,500 | $329 / $313 | 3,284 / 2,753 | 55 / 54 | 3 | 16 |
| 6 Beds | $1,052,790 | $999,000 | $660,000 – $1,425,000 | $272 / $233 | 3,825 / 3,788 | 62 / 54 | 1 | 5 |
| 7 Beds | $1,095,000 | $1,095,000 | $1,095,000 – $1,095,000 | $345 / $345 | 3,170 / 3,170 | 33 / 33 | 0 | 1 |
| 8 Beds | $949,250 | $798,500 | $798,500 – $1,100,000 | $260 / $222 | 3,645 / 3,600 | 48 / 11 | 0 | 2 |
Rental Market Overview
Median Rent
$1,795
+1.6%
Median DOM
4
−69.2%
New Listings
28
Inventory
83
+9.2%
- Average Rent: $2,141
- Median Rent: $1,795
- Rent Range: $800 – $4,495
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,120 / 850
- Square Footage Range: 380 – 3,695
- Days on Market (Avg/Median): 52 / 4
- Days on Market Range: 1 – 364
- New Listings: 28
- Total Listings: 83
Rentals by Property Type
Apartment
$1,650
Median DOM: 83
Inventory: 33
MoM: +1.6%
Condo
$1,850
Median DOM: 3
Inventory: 10
MoM: +1.6%
Single Family
$2,700
Median DOM: 1
Inventory: 36
MoM: +1.6%
Townhouse
$2,150
Median DOM: 12
Inventory: 3
MoM: +1.6%
Apartment
Avg/Median Rent$1,650 / $1,650Range$1,100 – $3,395Rent per Sq Ft$3 / $3Sq Ft652 / 652DOM122 / 83New2Total33
Condo
Avg/Median Rent$1,874 / $1,850Range$1,000 – $2,395Rent per Sq Ft$2 / $2Sq Ft920 / 1,000DOM17 / 3New5Total10
Multi-Family
Avg/Median Rent$4,200 / $4,200Range$4,200 – $4,200Rent per Sq Ft$2 / $2Sq Ft2,000 / 2,000DOM1 / 1New1Total1
Single Family
Avg/Median Rent$2,605 / $2,700Range$800 – $4,495Rent per Sq Ft$2 / $2Sq Ft1,573 / 1,560DOM18 / 1New18Total36
Townhouse
Avg/Median Rent$2,167 / $2,150Range$2,100 – $2,250Rent per Sq Ft$2 / $2Sq Ft1,133 / 1,118DOM9 / 12New2Total3
Rentals by Bedroom Count
Studio
Avg:$1,335Median:$1,350Range:$1,100 – $1,499PSF:$3 / $3Sq Ft:426 / 425DOM:105 / 43New:0Total:10
1 Beds
Avg:$1,594Median:$1,650Range:$800 – $2,100PSF:$3 / $2Sq Ft:653 / 657DOM:86 / 6New:8Total:25
2 Beds
Avg:$2,012Median:$1,950Range:$1,550 – $2,850PSF:$2 / $2Sq Ft:995 / 970DOM:48 / 9New:9Total:24
3 Beds
Avg:$2,928Median:$2,995Range:$1,550 – $3,695PSF:$2 / $2Sq Ft:1,590 / 1,560DOM:22 / 1New:4Total:12
4 Beds
Avg:$3,366Median:$3,570Range:$1,700 – $4,495PSF:$1 / $2Sq Ft:2,369 / 2,240DOM:2 / 1New:5Total:10
5 Beds
Avg:$3,700Median:$3,200Range:$3,200 – $4,200PSF:$2 / $2Sq Ft:2,050 / 2,000DOM:5 / 1New:2Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,335 | $1,350 | $1,100 – $1,499 | $3 / $3 | 426 / 425 | 105 / 43 | 0 | 10 |
| 1 Beds | $1,594 | $1,650 | $800 – $2,100 | $3 / $2 | 653 / 657 | 86 / 6 | 8 | 25 |
| 2 Beds | $2,012 | $1,950 | $1,550 – $2,850 | $2 / $2 | 995 / 970 | 48 / 9 | 9 | 24 |
| 3 Beds | $2,928 | $2,995 | $1,550 – $3,695 | $2 / $2 | 1,590 / 1,560 | 22 / 1 | 4 | 12 |
| 4 Beds | $3,366 | $3,570 | $1,700 – $4,495 | $1 / $2 | 2,369 / 2,240 | 2 / 1 | 5 | 10 |
| 5 Beds | $3,700 | $3,200 | $3,200 – $4,200 | $2 / $2 | 2,050 / 2,000 | 5 / 1 | 2 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$525,000Median DOM:33New:36Total:118
Apr 2026
Median Price:$540,000Median DOM:27New:49Total:142
May 2026
Median Price:$540,000Median DOM:26New:50Total:162
Jun 2026
Median Price:$550,000Median DOM:31New:54Total:171
Jul 2026
Median Price:$499,999Median DOM:42New:44Total:182
Aug 2026
Median Price:$499,950Median DOM:44New:13Total:190
6-Month Rental Trend
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:10New:30Total:76
Jun 2026
Median Rent:$1,795Median DOM:20New:22Total:71
Jul 2026
Median Rent:$1,767Median DOM:13New:30Total:76
Aug 2026
Median Rent:$1,795Median DOM:4New:28Total:83
Key Market Takeaways
Median sale prices softened 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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