ZIP 98051 Housing Market Report
Northwest Seattle
Report period: March 2026
98051 Monthly Market Update – March 2026
ZIP 98051 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$650,000
−6.5%
Median DOM (Sales)
32
+6.7%
New Listings (Sales)
4
−69.2%
Median Rent
$1,525
+69.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
3
+50.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Manufactured (7 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($2,699,950 median)
Sales Market Overview
Median Price
$650,000
−6.5%
Median DOM
32
+6.7%
New Listings
4
−69.2%
Inventory
34
+13.3%
- Average Price: $925,334
- Median Price: $650,000
- Price Range: $10,000 – $2,699,950
- Price per Sq Ft (Avg/Median): $438 / $447
- Square Footage (Avg/Median): 2,706 / 2,380
- Square Footage Range: 920 – 5,950
- Days on Market (Avg/Median): 63 / 32
- Days on Market Range: 2 – 314
- New Listings: 4
- Total Listings: 34
Sales by Property Type
Land
Avg/Median Price$434,817 / $260,000Range$10,000 – $1,750,000Price per Sq Ft—Sq Ft—DOM67 / 29New2Total12
Manufactured
Avg/Median Price$542,500 / $450,000Range$450,000 – $635,000Price per Sq Ft$390 / $360Sq Ft1,381 / 1,250DOM104 / 7New1Total2
Single Family
Avg/Median Price$1,257,927 / $949,900Range$449,950 – $2,699,950Price per Sq Ft$442 / $466Sq Ft2,838 / 2,470DOM57 / 32New1Total20
Sales by Bedroom Count
1 Beds
Avg:$549,950Median:$549,950Range:$549,950 – $549,950PSF:$539 / $539Sq Ft:1,020 / 1,020DOM:27 / 27New:0Total:1
2 Beds
Avg:$516,650Median:$450,000Range:$449,950 – $650,000PSF:$371 / $360Sq Ft:1,547 / 1,250DOM:81 / 27New:0Total:3
3 Beds
Avg:$823,300Median:$799,999Range:$569,950 – $1,239,000PSF:$438 / $466Sq Ft:1,930 / 1,780DOM:78 / 48New:2Total:9
4 Beds
Avg:$1,754,250Median:$1,680,000Range:$615,000 – $2,495,000PSF:$430 / $419Sq Ft:3,992 / 3,886DOM:45 / 21New:0Total:8
5 Beds
Avg:$2,699,950Median:$2,699,950Range:$2,699,950 – $2,699,950PSF:$592 / $592Sq Ft:4,560 / 4,560DOM:20 / 20New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $549,950 | $549,950 | $549,950 – $549,950 | $539 / $539 | 1,020 / 1,020 | 27 / 27 | 0 | 1 |
| 2 Beds | $516,650 | $450,000 | $449,950 – $650,000 | $371 / $360 | 1,547 / 1,250 | 81 / 27 | 0 | 3 |
| 3 Beds | $823,300 | $799,999 | $569,950 – $1,239,000 | $438 / $466 | 1,930 / 1,780 | 78 / 48 | 2 | 9 |
| 4 Beds | $1,754,250 | $1,680,000 | $615,000 – $2,495,000 | $430 / $419 | 3,992 / 3,886 | 45 / 21 | 0 | 8 |
| 5 Beds | $2,699,950 | $2,699,950 | $2,699,950 – $2,699,950 | $592 / $592 | 4,560 / 4,560 | 20 / 20 | 0 | 1 |
Rental Market Overview
Median Rent
$1,525
+69.4%
Median DOM
1
0.0%
New Listings
1
Inventory
3
+50.0%
- Average Rent: $1,673
- Median Rent: $1,525
- Rent Range: $900 – $2,595
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 890 / 800
- Square Footage Range: 650 – 1,220
- Days on Market (Avg/Median): 18 / 1
- Days on Market Range: 1 – 51
- New Listings: 1
- Total Listings: 3
Rentals by Property Type
Apartment
$900
Median DOM: 51
Inventory: 1
MoM: +69.4%
Condo
—
Median DOM: —
Inventory: —
MoM: +69.4%
Single Family
$1,525
Median DOM: 1
Inventory: 2
MoM: +69.4%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +69.4%
Apartment
Avg/Median Rent$900 / $900Range$900 – $900Rent per Sq Ft$1 / $1Sq Ft800 / 800DOM51 / 51New0Total1
Single Family
Avg/Median Rent$2,060 / $1,525Range$1,525 – $2,595Rent per Sq Ft$2 / $2Sq Ft935 / 650DOM1 / 1New1Total2
Rentals by Bedroom Count
1 Beds
Avg:$900Median:$900Range:$900 – $900PSF:$1 / $1Sq Ft:800 / 800DOM:51 / 51New:0Total:1
2 Beds
Avg:$2,060Median:$1,525Range:$1,525 – $2,595PSF:$2 / $2Sq Ft:935 / 650DOM:1 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $900 | $900 | $900 – $900 | $1 / $1 | 800 / 800 | 51 / 51 | 0 | 1 |
| 2 Beds | $2,060 | $1,525 | $1,525 – $2,595 | $2 / $2 | 935 / 650 | 1 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$849,990Median DOM:86New:3Total:31
Nov 2025
Median Price:$799,999Median DOM:86New:3Total:30
Dec 2025
Median Price:$695,000Median DOM:108New:2Total:23
Jan 2026
Median Price:$749,000Median DOM:86New:5Total:22
Feb 2026
Median Price:$695,000Median DOM:30New:13Total:30
Mar 2026
Median Price:$650,000Median DOM:32New:4Total:34
6-Month Rental Trend
Oct 2025
Median Rent:$3,800Median DOM:1New:1Total:2
Nov 2025
Median Rent:$2,595Median DOM:1New:2Total:2
Dec 2025
Median Rent:$2,595Median DOM:1New:1Total:2
Jan 2026
Median Rent:$900Median DOM:1New:2Total:2
Feb 2026
Median Rent:$900Median DOM:1New:0Total:2
Mar 2026
Median Rent:$1,525Median DOM:1New:1Total:3
Key Market Takeaways
Median sale prices softened 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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