ZIP 98031 Housing Market Report
Northwest Seattle
Report period: March 2026
98031 Monthly Market Update – March 2026
ZIP 98031 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$639,999
+3.2%
Median DOM (Sales)
34
+6.3%
New Listings (Sales)
15
−51.6%
Median Rent
$2,695
+1.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
57
+1.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (6 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 8 Beds ($1,189,990 median)
Sales Market Overview
Median Price
$639,999
+3.2%
Median DOM
34
+6.3%
New Listings
15
−51.6%
Inventory
121
+8.0%
- Average Price: $605,496
- Median Price: $639,999
- Price Range: $54,900 – $1,249,990
- Price per Sq Ft (Avg/Median): $318 / $319
- Square Footage (Avg/Median): 1,903 / 1,792
- Square Footage Range: 768 – 3,560
- Days on Market (Avg/Median): 55 / 34
- Days on Market Range: 1 – 337
- New Listings: 15
- Total Listings: 121
Sales by Property Type
Condo
Avg/Median Price$389,600 / $299,000Range$254,950 – $799,950Price per Sq Ft$307 / $303Sq Ft1,280 / 1,024DOM55 / 22New1Total12
Land
Avg/Median Price$545,571 / $425,000Range$70,000 – $1,200,000Price per Sq Ft—Sq Ft—DOM97 / 43New0Total7
Manufactured
Avg/Median Price$181,917 / $125,000Range$54,900 – $725,000Price per Sq Ft$120 / $91Sq Ft1,426 / 1,344DOM100 / 93New2Total20
Multi-Family
Avg/Median Price$1,189,990 / $1,189,990Range$1,189,990 – $1,189,990Price per Sq Ft$412 / $412Sq Ft2,891 / 2,891DOM6 / 6New1Total1
Single Family
Avg/Median Price$755,903 / $725,000Range$500,000 – $1,249,990Price per Sq Ft$373 / $363Sq Ft2,122 / 2,090DOM43 / 27New10Total75
Townhouse
Avg/Median Price$541,625 / $475,000Range$299,998 – $799,900Price per Sq Ft$293 / $293Sq Ft1,838 / 1,536DOM34 / 6New1Total6
Sales by Bedroom Count
1 Beds
Avg:$299,000Median:$299,000Range:$299,000 – $299,000PSF:$388 / $388Sq Ft:770 / 770DOM:13 / 13New:0Total:1
2 Beds
Avg:$206,368Median:$159,950Range:$54,900 – $395,000PSF:$188 / $121Sq Ft:1,149 / 1,100DOM:73 / 34New:2Total:19
3 Beds
Avg:$571,000Median:$599,950Range:$69,950 – $1,140,000PSF:$357 / $376Sq Ft:1,616 / 1,510DOM:63 / 27New:7Total:43
4 Beds
Avg:$759,138Median:$729,950Range:$500,000 – $1,224,900PSF:$335 / $321Sq Ft:2,318 / 2,370DOM:39 / 35New:2Total:35
5 Beds
Avg:$854,520Median:$864,950Range:$619,000 – $1,249,990PSF:$322 / $321Sq Ft:2,699 / 2,440DOM:43 / 34New:2Total:14
6 Beds
Avg:$949,950Median:$949,950Range:$949,950 – $949,950PSF:$314 / $314Sq Ft:3,028 / 3,028DOM:5 / 5New:1Total:1
8 Beds
Avg:$1,189,990Median:$1,189,990Range:$1,189,990 – $1,189,990PSF:$412 / $412Sq Ft:2,891 / 2,891DOM:6 / 6New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $299,000 | $299,000 | $299,000 – $299,000 | $388 / $388 | 770 / 770 | 13 / 13 | 0 | 1 |
| 2 Beds | $206,368 | $159,950 | $54,900 – $395,000 | $188 / $121 | 1,149 / 1,100 | 73 / 34 | 2 | 19 |
| 3 Beds | $571,000 | $599,950 | $69,950 – $1,140,000 | $357 / $376 | 1,616 / 1,510 | 63 / 27 | 7 | 43 |
| 4 Beds | $759,138 | $729,950 | $500,000 – $1,224,900 | $335 / $321 | 2,318 / 2,370 | 39 / 35 | 2 | 35 |
| 5 Beds | $854,520 | $864,950 | $619,000 – $1,249,990 | $322 / $321 | 2,699 / 2,440 | 43 / 34 | 2 | 14 |
| 6 Beds | $949,950 | $949,950 | $949,950 – $949,950 | $314 / $314 | 3,028 / 3,028 | 5 / 5 | 1 | 1 |
| 8 Beds | $1,189,990 | $1,189,990 | $1,189,990 – $1,189,990 | $412 / $412 | 2,891 / 2,891 | 6 / 6 | 1 | 1 |
Rental Market Overview
Median Rent
$2,695
+1.7%
Median DOM
1
0.0%
New Listings
11
Inventory
57
+1.8%
- Average Rent: $2,694
- Median Rent: $2,695
- Rent Range: $700 – $8,519
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,682 / 1,300
- Square Footage Range: 324 – 13,121
- Days on Market (Avg/Median): 67 / 1
- Days on Market Range: 1 – 345
- New Listings: 11
- Total Listings: 57
Rentals by Property Type
Apartment
$1,527
Median DOM: 123
Inventory: 20
MoM: +1.7%
Condo
$2,100
Median DOM: 17
Inventory: 3
MoM: +1.7%
Single Family
$3,200
Median DOM: 1
Inventory: 32
MoM: +1.7%
Townhouse
$2,100
Median DOM: 1
Inventory: 2
MoM: +1.7%
Apartment
Avg/Median Rent$1,905 / $1,527Range$1,195 – $8,519Rent per Sq Ft$2 / $2Sq Ft1,338 / 687DOM172 / 123New1Total20
Condo
Avg/Median Rent$2,162 / $2,100Range$1,995 – $2,390Rent per Sq Ft$2 / $2Sq Ft986 / 871DOM17 / 17New0Total3
Single Family
Avg/Median Rent$3,271 / $3,200Range$700 – $7,000Rent per Sq Ft$2 / $2Sq Ft1,988 / 1,880DOM26 / 1New9Total32
Townhouse
Avg/Median Rent$2,148 / $2,100Range$2,100 – $2,195Rent per Sq Ft$2 / $2Sq Ft1,236 / 1,228DOM1 / 1New1Total2
Rentals by Bedroom Count
1 Beds
Avg:$1,431Median:$1,525Range:$700 – $1,847PSF:$2 / $2Sq Ft:645 / 665DOM:199 / 225New:1Total:15
2 Beds
Avg:$1,939Median:$1,895Range:$1,360 – $2,795PSF:$2 / $2Sq Ft:1,044 / 1,048DOM:82 / 8New:2Total:13
3 Beds
Avg:$3,003Median:$3,000Range:$2,390 – $3,550PSF:$2 / $2Sq Ft:1,642 / 1,513DOM:11 / 1New:4Total:12
4 Beds
Avg:$3,570Median:$3,295Range:$3,000 – $5,000PSF:$2 / $2Sq Ft:2,038 / 1,930DOM:34 / 1New:2Total:10
5 Beds
Avg:$5,174Median:$3,979Range:$3,600 – $8,519PSF:$2 / $1Sq Ft:4,449 / 2,700DOM:25 / 1New:1Total:6
6 Beds
Avg:$4,095Median:$4,095Range:$4,095 – $4,095PSF:$1 / $1Sq Ft:3,140 / 3,140DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,431 | $1,525 | $700 – $1,847 | $2 / $2 | 645 / 665 | 199 / 225 | 1 | 15 |
| 2 Beds | $1,939 | $1,895 | $1,360 – $2,795 | $2 / $2 | 1,044 / 1,048 | 82 / 8 | 2 | 13 |
| 3 Beds | $3,003 | $3,000 | $2,390 – $3,550 | $2 / $2 | 1,642 / 1,513 | 11 / 1 | 4 | 12 |
| 4 Beds | $3,570 | $3,295 | $3,000 – $5,000 | $2 / $2 | 2,038 / 1,930 | 34 / 1 | 2 | 10 |
| 5 Beds | $5,174 | $3,979 | $3,600 – $8,519 | $2 / $1 | 4,449 / 2,700 | 25 / 1 | 1 | 6 |
| 6 Beds | $4,095 | $4,095 | $4,095 – $4,095 | $1 / $1 | 3,140 / 3,140 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$649,900Median DOM:42New:35Total:148
Nov 2025
Median Price:$649,900Median DOM:44New:32Total:143
Dec 2025
Median Price:$659,999Median DOM:55New:11Total:111
Jan 2026
Median Price:$635,000Median DOM:42New:36Total:99
Feb 2026
Median Price:$619,950Median DOM:32New:31Total:112
Mar 2026
Median Price:$639,999Median DOM:34New:15Total:121
6-Month Rental Trend
Oct 2025
Median Rent:$1,740Median DOM:43New:19Total:68
Nov 2025
Median Rent:$1,775Median DOM:55New:15Total:65
Dec 2025
Median Rent:$1,966Median DOM:38New:18Total:67
Jan 2026
Median Rent:$2,495Median DOM:7New:25Total:57
Feb 2026
Median Rent:$2,650Median DOM:1New:18Total:56
Mar 2026
Median Rent:$2,695Median DOM:1New:11Total:57
Key Market Takeaways
Median sale prices moved higher 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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