ZIP 98012 Housing Market Report
Northwest Seattle
Report period: March 2026
98012 Monthly Market Update – March 2026
ZIP 98012 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$985,000
−1.5%
Median DOM (Sales)
25
+13.6%
New Listings (Sales)
32
−70.1%
Median Rent
$3,100
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
142
−2.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (13 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,444,995 median)
Sales Market Overview
Median Price
$985,000
−1.5%
Median DOM
25
+13.6%
New Listings
32
−70.1%
Inventory
299
+7.2%
- Average Price: $1,010,125
- Median Price: $985,000
- Price Range: $55,000 – $2,495,000
- Price per Sq Ft (Avg/Median): $466 / $471
- Square Footage (Avg/Median): 2,123 / 2,058
- Square Footage Range: 677 – 4,770
- Days on Market (Avg/Median): 44 / 25
- Days on Market Range: 1 – 302
- New Listings: 32
- Total Listings: 299
Sales by Property Type
Condo
Avg/Median Price$628,579 / $550,000Range$295,000 – $1,116,250Price per Sq Ft$443 / $416Sq Ft1,434 / 1,386DOM43 / 27New5Total33
Land
Avg/Median Price$1,177,333 / $625,000Range$160,000 – $2,495,000Price per Sq Ft—Sq Ft—DOM103 / 117New0Total6
Manufactured
Avg/Median Price$183,673 / $125,000Range$55,000 – $585,000Price per Sq Ft$151 / $106Sq Ft1,184 / 1,248DOM46 / 25New1Total13
Multi-Family
Avg/Median Price$1,250,000 / $1,250,000Range$1,250,000 – $1,250,000Price per Sq Ft$458 / $458Sq Ft2,728 / 2,728DOM13 / 13New0Total1
Single Family
Avg/Median Price$1,221,346 / $1,169,700Range$550,000 – $2,300,000Price per Sq Ft$506 / $499Sq Ft2,436 / 2,426DOM40 / 21New18Total179
Townhouse
Avg/Median Price$775,544 / $759,900Range$375,000 – $1,199,995Price per Sq Ft$432 / $425Sq Ft1,797 / 1,800DOM51 / 33New8Total67
Sales by Bedroom Count
1 Beds
Avg:$415,000Median:$410,000Range:$295,000 – $545,000PSF:$518 / $433Sq Ft:826 / 677DOM:43 / 7New:2Total:4
2 Beds
Avg:$512,321Median:$575,000Range:$55,000 – $850,000PSF:$371 / $383Sq Ft:1,362 / 1,344DOM:53 / 33New:7Total:44
3 Beds
Avg:$865,159Median:$848,000Range:$85,000 – $1,500,000PSF:$471 / $465Sq Ft:1,841 / 1,802DOM:33 / 14New:14Total:97
4 Beds
Avg:$1,179,105Median:$1,099,950Range:$150,000 – $2,300,000PSF:$487 / $479Sq Ft:2,397 / 2,300DOM:49 / 28New:4Total:98
5 Beds
Avg:$1,426,591Median:$1,444,995Range:$930,000 – $2,249,995PSF:$502 / $501Sq Ft:2,863 / 2,698DOM:41 / 26New:4Total:47
6 Beds
Avg:$1,412,889Median:$1,250,000Range:$1,100,000 – $1,888,666PSF:$399 / $417Sq Ft:3,558 / 3,418DOM:18 / 13New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $415,000 | $410,000 | $295,000 – $545,000 | $518 / $433 | 826 / 677 | 43 / 7 | 2 | 4 |
| 2 Beds | $512,321 | $575,000 | $55,000 – $850,000 | $371 / $383 | 1,362 / 1,344 | 53 / 33 | 7 | 44 |
| 3 Beds | $865,159 | $848,000 | $85,000 – $1,500,000 | $471 / $465 | 1,841 / 1,802 | 33 / 14 | 14 | 97 |
| 4 Beds | $1,179,105 | $1,099,950 | $150,000 – $2,300,000 | $487 / $479 | 2,397 / 2,300 | 49 / 28 | 4 | 98 |
| 5 Beds | $1,426,591 | $1,444,995 | $930,000 – $2,249,995 | $502 / $501 | 2,863 / 2,698 | 41 / 26 | 4 | 47 |
| 6 Beds | $1,412,889 | $1,250,000 | $1,100,000 – $1,888,666 | $399 / $417 | 3,558 / 3,418 | 18 / 13 | 1 | 3 |
Rental Market Overview
Median Rent
$3,100
0.0%
Median DOM
1
0.0%
New Listings
26
Inventory
142
−2.1%
- Average Rent: $2,889
- Median Rent: $3,100
- Rent Range: $850 – $7,803
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,614 / 1,594
- Square Footage Range: 550 – 3,392
- Days on Market (Avg/Median): 31 / 1
- Days on Market Range: 1 – 344
- New Listings: 26
- Total Listings: 142
Rentals by Property Type
Apartment
$1,825
Median DOM: 104
Inventory: 36
MoM: 0.0%
Condo
$2,300
Median DOM: 1
Inventory: 15
MoM: 0.0%
Single Family
$3,400
Median DOM: 1
Inventory: 76
MoM: 0.0%
Townhouse
$3,195
Median DOM: 1
Inventory: 15
MoM: 0.0%
Apartment
Avg/Median Rent$2,172 / $1,825Range$850 – $7,803Rent per Sq Ft$2 / $2Sq Ft932 / 784DOM139 / 104New0Total36
Condo
Avg/Median Rent$2,385 / $2,300Range$1,595 – $3,499Rent per Sq Ft$2 / $2Sq Ft1,088 / 860DOM21 / 1New6Total15
Single Family
Avg/Median Rent$3,294 / $3,400Range$850 – $4,500Rent per Sq Ft$2 / $2Sq Ft2,015 / 2,047DOM12 / 1New18Total76
Townhouse
Avg/Median Rent$3,060 / $3,195Range$1,995 – $3,525Rent per Sq Ft$2 / $2Sq Ft1,511 / 1,600DOM9 / 1New2Total15
Rentals by Bedroom Count
1 Beds
Avg:$1,674Median:$1,749Range:$850 – $2,095PSF:$2 / $3Sq Ft:748 / 705DOM:88 / 102New:2Total:33
2 Beds
Avg:$2,437Median:$2,300Range:$1,800 – $3,150PSF:$2 / $2Sq Ft:1,093 / 995DOM:40 / 1New:4Total:27
3 Beds
Avg:$3,312Median:$3,195Range:$2,400 – $7,803PSF:$2 / $2Sq Ft:1,677 / 1,646DOM:19 / 1New:8Total:37
4 Beds
Avg:$3,661Median:$3,583Range:$3,180 – $4,500PSF:$2 / $2Sq Ft:2,290 / 2,282DOM:13 / 1New:9Total:37
5 Beds
Avg:$3,897Median:$3,795Range:$3,595 – $4,200PSF:$1 / $1Sq Ft:2,682 / 2,526DOM:11 / 1New:3Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,674 | $1,749 | $850 – $2,095 | $2 / $3 | 748 / 705 | 88 / 102 | 2 | 33 |
| 2 Beds | $2,437 | $2,300 | $1,800 – $3,150 | $2 / $2 | 1,093 / 995 | 40 / 1 | 4 | 27 |
| 3 Beds | $3,312 | $3,195 | $2,400 – $7,803 | $2 / $2 | 1,677 / 1,646 | 19 / 1 | 8 | 37 |
| 4 Beds | $3,661 | $3,583 | $3,180 – $4,500 | $2 / $2 | 2,290 / 2,282 | 13 / 1 | 9 | 37 |
| 5 Beds | $3,897 | $3,795 | $3,595 – $4,200 | $1 / $1 | 2,682 / 2,526 | 11 / 1 | 3 | 8 |
6-Month Sales Trend
Oct 2025
Median Price:$960,000Median DOM:35New:105Total:353
Nov 2025
Median Price:$950,000Median DOM:38New:73Total:343
Dec 2025
Median Price:$996,000Median DOM:48New:30Total:275
Jan 2026
Median Price:$1,050,000Median DOM:38New:90Total:239
Feb 2026
Median Price:$999,999Median DOM:22New:107Total:279
Mar 2026
Median Price:$985,000Median DOM:25New:32Total:299
6-Month Rental Trend
Oct 2025
Median Rent:$3,100Median DOM:1New:83Total:182
Nov 2025
Median Rent:$2,900Median DOM:1New:85Total:176
Dec 2025
Median Rent:$2,950Median DOM:1New:71Total:169
Jan 2026
Median Rent:$3,000Median DOM:1New:64Total:154
Feb 2026
Median Rent:$3,100Median DOM:1New:57Total:145
Mar 2026
Median Rent:$3,100Median DOM:1New:26Total:142
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower 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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