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Market Intelligence · WA / Seattle

Seattle, WA 98112 Housing Market

In Seattle, WA 98112, the typical home value is $1,321,874, down 1.0% over the past year as of September 2026. The median list price is $1,491,500, and homes are spending a median of 44 days on the market.

Updated September 2026Median value$1322K

The median home value in Seattle, WA 98112 is $1.32M as of September 2026, down 1.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 98112 range

$1.22M to $1.43M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.0% over 12 months

Typical home value in 98112 over the last 12 months: $1.34M in Sep 2025 to $1.32M in Sep 2026 (-1.0%).

Sep 2025$1.34M

Sep 2026$1.32M

The numbers

What is the 98112 housing market like?

Typical home value

$1.32M

Down1.0%YoY

Median list price

$1.49M

Up1.5%MoM

Days on market

44

Down2.2%MoM

Homes for sale

79

Up3.9%MoM

Price cuts

12.0%

Up18.1%MoM

New listings

40

Up100.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

98112 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98112 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 98112 fell 1.0%, per the Zillow Home Value Index.

Will home prices drop in 98112?

Zillow's forecast says they may: it expects typical home values in 98112 to fall 0.5% by September 2027, after a 1.0% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 98112 home prices compare?

  • 98112$1,321,874
  • Seattle$747,178
  • Washington$496,668
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Seattle: 33 ZIPs; Washington: 485 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 79 homes for sale in 98112, with 40 new listings coming on the market that month. The median list price is $1,491,500, while the typical home value is $1,321,874, down 1.0% over the past year. Homes are taking a median of 44 days to sell. About 12.0% of listings have had a price cut. For sellers, this is a slightly soft market where pricing realistically from the start matters more than it did a year ago.

Monthly payment

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Common questions

What people ask us.

How much is a home in 98112 worth?

The typical home value in 98112 is $1,321,874 as of September 2026, down 1.0% over the past year. The median list price is $1,491,500.

How long does it take to sell a home in 98112?

Homes in 98112 are spending a median of 44 days on the market as of September 2026. About 12.0% of listings have had a price cut.

How many homes are for sale in 98112?

There are 79 homes for sale in 98112 as of September 2026, with 40 new listings added that month.

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