ZIP 98040 Housing Market Report
Northwest Seattle
Report period: March 2026
98040 Monthly Market Update – March 2026
ZIP 98040 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$2,349,000
−0.7%
Median DOM (Sales)
24
−45.5%
New Listings (Sales)
13
−38.1%
Median Rent
$3,500
−2.8%
Median DOM (Rental)
13
+333.3%
Total Rental Listings
35
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened.
What's Moving Fastest
- Fastest selling: Condo (9 DOM)
- Fastest renting: Single Family (3 DOM)
- Strongest bedroom: 7 Beds ($6,800,000 median)
Sales Market Overview
Median Price
$2,349,000
−0.7%
Median DOM
24
−45.5%
New Listings
13
−38.1%
Inventory
82
+20.6%
- Average Price: $3,059,006
- Median Price: $2,349,000
- Price Range: $323,950 – $9,995,000
- Price per Sq Ft (Avg/Median): $949 / $829
- Square Footage (Avg/Median): 3,472 / 3,310
- Square Footage Range: 715 – 9,340
- Days on Market (Avg/Median): 77 / 24
- Days on Market Range: 1 – 359
- New Listings: 13
- Total Listings: 82
Sales by Property Type
Condo
Avg/Median Price$616,250 / $529,000Range$380,000 – $899,000Price per Sq Ft$592 / $549Sq Ft1,047 / 965DOM64 / 9New2Total8
Land
Avg/Median Price$985,168 / $788,500Range$323,950 – $2,350,000Price per Sq Ft—Sq Ft—DOM145 / 120New1Total14
Single Family
Avg/Median Price$3,903,680 / $3,149,000Range$1,299,000 – $9,995,000Price per Sq Ft$1,004 / $874Sq Ft3,803 / 3,695DOM66 / 23New10Total59
Townhouse
Avg/Median Price$1,799,000 / $1,799,000Range$1,799,000 – $1,799,000Price per Sq Ft$536 / $536Sq Ft3,356 / 3,356DOM9 / 9New0Total1
Sales by Bedroom Count
1 Beds
Avg:$414,500Median:$380,000Range:$380,000 – $449,000PSF:$578 / $531Sq Ft:717 / 715DOM:15 / 9New:1Total:2
2 Beds
Avg:$683,500Median:$650,000Range:$525,000 – $899,000PSF:$597 / $549Sq Ft:1,157 / 1,020DOM:80 / 7New:1Total:6
3 Beds
Avg:$1,661,833Median:$1,575,000Range:$1,299,000 – $1,999,000PSF:$887 / $734Sq Ft:2,098 / 1,986DOM:10 / 6New:1Total:6
4 Beds
Avg:$3,460,931Median:$2,395,000Range:$1,725,000 – $9,995,000PSF:$1,011 / $874Sq Ft:3,278 / 3,040DOM:68 / 24New:6Total:25
5 Beds
Avg:$4,480,737Median:$4,088,000Range:$1,725,000 – $9,890,000PSF:$1,030 / $969Sq Ft:4,227 / 4,220DOM:77 / 29New:2Total:23
6 Beds
Avg:$4,546,220Median:$3,195,000Range:$2,595,000 – $8,999,880PSF:$968 / $732Sq Ft:4,516 / 4,360DOM:21 / 23New:1Total:4
7 Beds
Avg:$7,190,000Median:$6,800,000Range:$6,800,000 – $7,580,000PSF:$801 / $791Sq Ft:8,970 / 8,600DOM:166 / 126New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $414,500 | $380,000 | $380,000 – $449,000 | $578 / $531 | 717 / 715 | 15 / 9 | 1 | 2 |
| 2 Beds | $683,500 | $650,000 | $525,000 – $899,000 | $597 / $549 | 1,157 / 1,020 | 80 / 7 | 1 | 6 |
| 3 Beds | $1,661,833 | $1,575,000 | $1,299,000 – $1,999,000 | $887 / $734 | 2,098 / 1,986 | 10 / 6 | 1 | 6 |
| 4 Beds | $3,460,931 | $2,395,000 | $1,725,000 – $9,995,000 | $1,011 / $874 | 3,278 / 3,040 | 68 / 24 | 6 | 25 |
| 5 Beds | $4,480,737 | $4,088,000 | $1,725,000 – $9,890,000 | $1,030 / $969 | 4,227 / 4,220 | 77 / 29 | 2 | 23 |
| 6 Beds | $4,546,220 | $3,195,000 | $2,595,000 – $8,999,880 | $968 / $732 | 4,516 / 4,360 | 21 / 23 | 1 | 4 |
| 7 Beds | $7,190,000 | $6,800,000 | $6,800,000 – $7,580,000 | $801 / $791 | 8,970 / 8,600 | 166 / 126 | 0 | 2 |
Rental Market Overview
Median Rent
$3,500
−2.8%
Median DOM
13
+333.3%
New Listings
4
Inventory
35
0.0%
- Average Rent: $3,729
- Median Rent: $3,500
- Rent Range: $1,350 – $8,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,652 / 1,145
- Square Footage Range: 457 – 5,126
- Days on Market (Avg/Median): 44 / 13
- Days on Market Range: 1 – 316
- New Listings: 4
- Total Listings: 35
Rentals by Property Type
Apartment
$2,017
Median DOM: 52
Inventory: 13
MoM: −2.8%
Condo
$2,500
Median DOM: 10
Inventory: 4
MoM: −2.8%
Single Family
$4,700
Median DOM: 3
Inventory: 17
MoM: −2.8%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −2.8%
Apartment
Avg/Median Rent$2,313 / $2,017Range$1,350 – $5,212Rent per Sq Ft$3 / $3Sq Ft693 / 662DOM107 / 52New0Total13
Condo
Avg/Median Rent$2,474 / $2,500Range$1,650 – $2,995Rent per Sq Ft$3 / $3Sq Ft872 / 922DOM12 / 10New1Total4
Multi-Family
Avg/Median Rent$4,295 / $4,295Range$4,295 – $4,295Rent per Sq Ft$3 / $3Sq Ft1,700 / 1,700DOM14 / 14New0Total1
Single Family
Avg/Median Rent$5,074 / $4,700Range$2,500 – $8,500Rent per Sq Ft$2 / $2Sq Ft2,509 / 1,985DOM30 / 3New3Total17
Rentals by Bedroom Count
Studio
Avg:$1,858Median:$1,879Range:$1,650 – $2,017PSF:$4 / $4Sq Ft:524 / 500DOM:157 / 21New:0Total:5
1 Beds
Avg:$2,441Median:$2,100Range:$1,350 – $5,212PSF:$3 / $3Sq Ft:692 / 691DOM:35 / 25New:1Total:8
2 Beds
Avg:$3,328Median:$2,995Range:$2,400 – $4,400PSF:$3 / $3Sq Ft:1,371 / 1,145DOM:30 / 13New:1Total:10
3 Beds
Avg:$4,533Median:$4,700Range:$3,600 – $5,300PSF:$3 / $3Sq Ft:1,717 / 1,810DOM:3 / 1New:1Total:3
4 Beds
Avg:$5,880Median:$5,500Range:$4,500 – $8,500PSF:$2 / $2Sq Ft:2,720 / 2,540DOM:70 / 15New:0Total:5
5 Beds
Avg:$5,883Median:$5,700Range:$5,000 – $6,950PSF:$2 / $2Sq Ft:3,703 / 3,590DOM:33 / 1New:1Total:3
6 Beds
Avg:$7,750Median:$7,750Range:$7,750 – $7,750PSF:$2 / $2Sq Ft:5,126 / 5,126DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,858 | $1,879 | $1,650 – $2,017 | $4 / $4 | 524 / 500 | 157 / 21 | 0 | 5 |
| 1 Beds | $2,441 | $2,100 | $1,350 – $5,212 | $3 / $3 | 692 / 691 | 35 / 25 | 1 | 8 |
| 2 Beds | $3,328 | $2,995 | $2,400 – $4,400 | $3 / $3 | 1,371 / 1,145 | 30 / 13 | 1 | 10 |
| 3 Beds | $4,533 | $4,700 | $3,600 – $5,300 | $3 / $3 | 1,717 / 1,810 | 3 / 1 | 1 | 3 |
| 4 Beds | $5,880 | $5,500 | $4,500 – $8,500 | $2 / $2 | 2,720 / 2,540 | 70 / 15 | 0 | 5 |
| 5 Beds | $5,883 | $5,700 | $5,000 – $6,950 | $2 / $2 | 3,703 / 3,590 | 33 / 1 | 1 | 3 |
| 6 Beds | $7,750 | $7,750 | $7,750 – $7,750 | $2 / $2 | 5,126 / 5,126 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$2,050,000Median DOM:50New:16Total:111
Nov 2025
Median Price:$2,270,000Median DOM:64New:6Total:91
Dec 2025
Median Price:$2,199,888Median DOM:83New:4Total:64
Jan 2026
Median Price:$2,050,000Median DOM:83New:15Total:62
Feb 2026
Median Price:$2,365,000Median DOM:44New:21Total:68
Mar 2026
Median Price:$2,349,000Median DOM:24New:13Total:82
6-Month Rental Trend
Oct 2025
Median Rent:$3,100Median DOM:17New:15Total:41
Nov 2025
Median Rent:$3,100Median DOM:18New:13Total:36
Dec 2025
Median Rent:$3,095Median DOM:11New:10Total:33
Jan 2026
Median Rent:$3,600Median DOM:4New:16Total:37
Feb 2026
Median Rent:$3,600Median DOM:3New:9Total:35
Mar 2026
Median Rent:$3,500Median DOM:13New:4Total:35
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory was flat.
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.
980019800298003980049800598006980079800898009980109801198012980149801998020980219802298023980249802598026980279802898029980309803198032980339803498035+100 more
← Back to Northwest Seattle