ZIP 98047 Housing Market Report
Northwest Seattle
Report period: March 2026
98047 Monthly Market Update – March 2026
ZIP 98047 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$580,000
+16.0%
Median DOM (Sales)
99
+13.8%
New Listings (Sales)
1
0.0%
Median Rent
$2,100
+31.7%
Median DOM (Rental)
83
+6.4%
Total Rental Listings
11
−8.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (2 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 8 Beds ($1,050,000 median)
Sales Market Overview
Median Price
$580,000
+16.0%
Median DOM
99
+13.8%
New Listings
1
0.0%
Inventory
7
+16.7%
- Average Price: $587,571
- Median Price: $580,000
- Price Range: $129,000 – $1,050,000
- Price per Sq Ft (Avg/Median): $288 / $258
- Square Footage (Avg/Median): 2,076 / 1,670
- Square Footage Range: 980 – 3,648
- Days on Market (Avg/Median): 86 / 99
- Days on Market Range: 2 – 160
- New Listings: 1
- Total Listings: 7
Sales by Property Type
Land
Avg/Median Price$500,000 / $500,000Range$500,000 – $500,000Price per Sq Ft—Sq Ft—DOM44 / 44New0Total1
Manufactured
Avg/Median Price$129,000 / $129,000Range$129,000 – $129,000Price per Sq Ft$132 / $132Sq Ft980 / 980DOM99 / 99New0Total1
Multi-Family
Avg/Median Price$932,500 / $815,000Range$815,000 – $1,050,000Price per Sq Ft$299 / $288Sq Ft3,136 / 2,624DOM19 / 2New1Total2
Single Family
Avg/Median Price$539,667 / $580,000Range$399,000 – $640,000Price per Sq Ft$332 / $258Sq Ft1,734 / 1,670DOM141 / 157New0Total3
Sales by Bedroom Count
3 Beds
Avg:$264,000Median:$129,000Range:$129,000 – $399,000PSF:$185 / $132Sq Ft:1,325 / 980DOM:130 / 99New:0Total:2
4 Beds
Avg:$610,000Median:$580,000Range:$580,000 – $640,000PSF:$379 / $258Sq Ft:1,766 / 1,280DOM:132 / 107New:0Total:2
6 Beds
Avg:$815,000Median:$815,000Range:$815,000 – $815,000PSF:$311 / $311Sq Ft:2,624 / 2,624DOM:2 / 2New:1Total:1
8 Beds
Avg:$1,050,000Median:$1,050,000Range:$1,050,000 – $1,050,000PSF:$288 / $288Sq Ft:3,648 / 3,648DOM:35 / 35New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 3 Beds | $264,000 | $129,000 | $129,000 – $399,000 | $185 / $132 | 1,325 / 980 | 130 / 99 | 0 | 2 |
| 4 Beds | $610,000 | $580,000 | $580,000 – $640,000 | $379 / $258 | 1,766 / 1,280 | 132 / 107 | 0 | 2 |
| 6 Beds | $815,000 | $815,000 | $815,000 – $815,000 | $311 / $311 | 2,624 / 2,624 | 2 / 2 | 1 | 1 |
| 8 Beds | $1,050,000 | $1,050,000 | $1,050,000 – $1,050,000 | $288 / $288 | 3,648 / 3,648 | 35 / 35 | 0 | 1 |
Rental Market Overview
Median Rent
$2,100
+31.7%
Median DOM
83
+6.4%
New Listings
2
Inventory
11
−8.3%
- Average Rent: $2,273
- Median Rent: $2,100
- Rent Range: $1,395 – $3,400
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,401 / 1,250
- Square Footage Range: 681 – 2,650
- Days on Market (Avg/Median): 107 / 83
- Days on Market Range: 1 – 342
- New Listings: 2
- Total Listings: 11
Rentals by Property Type
Apartment
$1,565
Median DOM: 126
Inventory: 7
MoM: +31.7%
Condo
—
Median DOM: —
Inventory: —
MoM: +31.7%
Single Family
$3,300
Median DOM: 1
Inventory: 4
MoM: +31.7%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +31.7%
Apartment
Avg/Median Rent$1,748 / $1,565Range$1,395 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,014 / 940DOM108 / 126New1Total7
Single Family
Avg/Median Rent$3,192 / $3,300Range$2,750 – $3,400Rent per Sq Ft$2 / $2Sq Ft2,078 / 2,006DOM107 / 1New1Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,434Median:$1,434Range:$1,434 – $1,434PSF:$2 / $2Sq Ft:681 / 681DOM:—New:0Total:1
2 Beds
Avg:$1,526Median:$1,500Range:$1,395 – $1,646PSF:$2 / $2Sq Ft:949 / 900DOM:114 / 126New:0Total:4
3 Beds
Avg:$2,813Median:$2,750Range:$2,100 – $3,319PSF:$2 / $2Sq Ft:1,752 / 1,480DOM:125 / 83New:1Total:5
4 Beds
Avg:$3,400Median:$3,400Range:$3,400 – $3,400PSF:$2 / $2Sq Ft:2,175 / 2,175DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,434 | $1,434 | $1,434 – $1,434 | $2 / $2 | 681 / 681 | — | 0 | 1 |
| 2 Beds | $1,526 | $1,500 | $1,395 – $1,646 | $2 / $2 | 949 / 900 | 114 / 126 | 0 | 4 |
| 3 Beds | $2,813 | $2,750 | $2,100 – $3,319 | $2 / $2 | 1,752 / 1,480 | 125 / 83 | 1 | 5 |
| 4 Beds | $3,400 | $3,400 | $3,400 – $3,400 | $2 / $2 | 2,175 / 2,175 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$499,950Median DOM:28New:4Total:15
Nov 2025
Median Price:$515,000Median DOM:17New:4Total:20
Dec 2025
Median Price:$550,000Median DOM:30New:1Total:13
Jan 2026
Median Price:$500,000Median DOM:107New:1Total:9
Feb 2026
Median Price:$500,000Median DOM:87New:1Total:6
Mar 2026
Median Price:$580,000Median DOM:99New:1Total:7
6-Month Rental Trend
Oct 2025
Median Rent:$1,495Median DOM:16New:5Total:12
Nov 2025
Median Rent:$1,500Median DOM:46New:2Total:12
Dec 2025
Median Rent:$1,625Median DOM:77New:2Total:10
Jan 2026
Median Rent:$1,646Median DOM:82New:3Total:11
Feb 2026
Median Rent:$1,595Median DOM:78New:2Total:12
Mar 2026
Median Rent:$2,100Median DOM:83New:2Total:11
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 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.
980019800298003980049800598006980079800898009980109801198012980149801998020980219802298023980249802598026980279802898029980309803198032980339803498035+100 more
← Back to Northwest Seattle