ZIP 98038 Housing Market Report
Northwest Seattle
Report period: March 2026
98038 Monthly Market Update – March 2026
ZIP 98038 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$735,000
−1.9%
Median DOM (Sales)
20
−9.1%
New Listings (Sales)
15
−72.2%
Median Rent
$3,150
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
34
+3.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (14 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($1,295,000 median)
Sales Market Overview
Median Price
$735,000
−1.9%
Median DOM
20
−9.1%
New Listings
15
−72.2%
Inventory
133
+11.8%
- Average Price: $767,020
- Median Price: $735,000
- Price Range: $125,999 – $1,849,950
- Price per Sq Ft (Avg/Median): $393 / $380
- Square Footage (Avg/Median): 2,144 / 1,880
- Square Footage Range: 900 – 6,760
- Days on Market (Avg/Median): 44 / 20
- Days on Market Range: 2 – 304
- New Listings: 15
- Total Listings: 133
Sales by Property Type
Condo
Avg/Median Price$521,819 / $515,000Range$489,000 – $550,000Price per Sq Ft$322 / $334Sq Ft1,650 / 1,540DOM32 / 14New2Total7
Land
Avg/Median Price$374,254 / $375,000Range$125,999 – $650,000Price per Sq Ft—Sq Ft—DOM74 / 51New0Total13
Manufactured
Avg/Median Price$513,323 / $449,995Range$320,000 – $899,995Price per Sq Ft$324 / $268Sq Ft1,692 / 1,250DOM62 / 35New1Total6
Single Family
Avg/Median Price$866,397 / $780,000Range$429,500 – $1,849,950Price per Sq Ft$405 / $385Sq Ft2,248 / 2,023DOM40 / 15New9Total100
Townhouse
Avg/Median Price$539,419 / $499,000Range$435,000 – $718,950Price per Sq Ft$357 / $328Sq Ft1,542 / 1,480DOM47 / 25New3Total7
Sales by Bedroom Count
2 Beds
Avg:$495,845Median:$495,000Range:$320,000 – $650,000PSF:$358 / $334Sq Ft:1,398 / 1,390DOM:61 / 20New:5Total:13
3 Beds
Avg:$714,610Median:$685,000Range:$429,500 – $1,150,000PSF:$437 / $414Sq Ft:1,692 / 1,610DOM:36 / 14New:7Total:52
4 Beds
Avg:$922,423Median:$824,000Range:$550,000 – $1,849,950PSF:$366 / $360Sq Ft:2,566 / 2,380DOM:39 / 19New:2Total:43
5 Beds
Avg:$1,143,950Median:$999,950Range:$865,000 – $1,750,000PSF:$340 / $348Sq Ft:3,333 / 3,356DOM:39 / 13New:1Total:11
6 Beds
Avg:$1,295,000Median:$1,295,000Range:$1,295,000 – $1,295,000PSF:$312 / $312Sq Ft:4,150 / 4,150DOM:181 / 181New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $495,845 | $495,000 | $320,000 – $650,000 | $358 / $334 | 1,398 / 1,390 | 61 / 20 | 5 | 13 |
| 3 Beds | $714,610 | $685,000 | $429,500 – $1,150,000 | $437 / $414 | 1,692 / 1,610 | 36 / 14 | 7 | 52 |
| 4 Beds | $922,423 | $824,000 | $550,000 – $1,849,950 | $366 / $360 | 2,566 / 2,380 | 39 / 19 | 2 | 43 |
| 5 Beds | $1,143,950 | $999,950 | $865,000 – $1,750,000 | $340 / $348 | 3,333 / 3,356 | 39 / 13 | 1 | 11 |
| 6 Beds | $1,295,000 | $1,295,000 | $1,295,000 – $1,295,000 | $312 / $312 | 4,150 / 4,150 | 181 / 181 | 0 | 1 |
Rental Market Overview
Median Rent
$3,150
0.0%
Median DOM
1
0.0%
New Listings
10
Inventory
34
+3.0%
- Average Rent: $3,142
- Median Rent: $3,150
- Rent Range: $1,685 – $4,295
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,802 / 1,680
- Square Footage Range: 625 – 3,370
- Days on Market (Avg/Median): 47 / 1
- Days on Market Range: 1 – 349
- New Listings: 10
- Total Listings: 34
Rentals by Property Type
Apartment
$1,999
Median DOM: 349
Inventory: 4
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$3,200
Median DOM: 1
Inventory: 29
MoM: 0.0%
Townhouse
$2,600
Median DOM: 1
Inventory: 1
MoM: 0.0%
Apartment
Avg/Median Rent$2,164 / $1,999Range$1,685 – $2,695Rent per Sq Ft$2 / $2Sq Ft900 / 758DOM341 / 349New0Total4
Single Family
Avg/Median Rent$3,295 / $3,200Range$2,550 – $4,295Rent per Sq Ft$2 / $2Sq Ft1,948 / 1,780DOM18 / 1New9Total29
Townhouse
Avg/Median Rent$2,600 / $2,600Range$2,600 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,180 / 1,180DOM1 / 1New1Total1
Rentals by Bedroom Count
1 Beds
Avg:$3,000Median:$1,999Range:$1,999 – $4,000PSF:$4 / $3Sq Ft:778 / 625DOM:187 / 25New:0Total:2
2 Beds
Avg:$2,278Median:$2,275Range:$1,685 – $2,600PSF:$2 / $2Sq Ft:1,041 / 917DOM:120 / 10New:2Total:4
3 Beds
Avg:$3,079Median:$3,035Range:$2,650 – $3,495PSF:$2 / $2Sq Ft:1,624 / 1,552DOM:33 / 1New:4Total:14
4 Beds
Avg:$3,355Median:$3,290Range:$2,900 – $4,295PSF:$2 / $2Sq Ft:2,151 / 2,000DOM:29 / 1New:4Total:11
5 Beds
Avg:$3,897Median:$3,795Range:$3,695 – $4,200PSF:$1 / $1Sq Ft:3,050 / 3,120DOM:16 / 18New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $3,000 | $1,999 | $1,999 – $4,000 | $4 / $3 | 778 / 625 | 187 / 25 | 0 | 2 |
| 2 Beds | $2,278 | $2,275 | $1,685 – $2,600 | $2 / $2 | 1,041 / 917 | 120 / 10 | 2 | 4 |
| 3 Beds | $3,079 | $3,035 | $2,650 – $3,495 | $2 / $2 | 1,624 / 1,552 | 33 / 1 | 4 | 14 |
| 4 Beds | $3,355 | $3,290 | $2,900 – $4,295 | $2 / $2 | 2,151 / 2,000 | 29 / 1 | 4 | 11 |
| 5 Beds | $3,897 | $3,795 | $3,695 – $4,200 | $1 / $1 | 3,050 / 3,120 | 16 / 18 | 0 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$734,990Median DOM:49New:35Total:171
Nov 2025
Median Price:$750,000Median DOM:58New:17Total:143
Dec 2025
Median Price:$680,000Median DOM:63New:10Total:106
Jan 2026
Median Price:$725,000Median DOM:58New:25Total:87
Feb 2026
Median Price:$749,000Median DOM:22New:54Total:119
Mar 2026
Median Price:$735,000Median DOM:20New:15Total:133
6-Month Rental Trend
Oct 2025
Median Rent:$3,350Median DOM:1New:28Total:48
Nov 2025
Median Rent:$3,295Median DOM:1New:25Total:51
Dec 2025
Median Rent:$3,200Median DOM:1New:15Total:42
Jan 2026
Median Rent:$3,200Median DOM:1New:18Total:37
Feb 2026
Median Rent:$3,150Median DOM:1New:15Total:33
Mar 2026
Median Rent:$3,150Median DOM:1New:10Total:34
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 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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