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Market Intelligence · WA / Seattle

Seattle, WA 98115 Housing Market

The typical home value in Seattle's 98115 ZIP code is $1,007,739 as of September 2026, down 0.5% over the past year. The median list price stands at $844,988, and homes are spending a median of 38 days on the market.

Updated September 2026Median value$1008K

The median home value in Seattle, WA 98115 is $1.01M as of September 2026, down 0.5% 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 98115 range

$927K to $1.09M

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

-0.5% over 12 months

Typical home value in 98115 over the last 12 months: $1.01M in Sep 2025 to $1.01M in Sep 2026 (-0.5%).

Sep 2025$1.01M

Sep 2026$1.01M

The numbers

What is the 98115 housing market like?

Typical home value

$1.01M

Down0.5%YoY

Median list price

$845K

Up2.4%MoM

Days on market

38

Down15.6%MoM

Homes for sale

172

Up8.9%MoM

Price cuts

20.1%

Up5.3%MoM

New listings

90

Up60.7%MoM

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

The outlook

98115 housing market forecast 2027

-0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98115 to fall 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 98115 fell 0.5%, per the Zillow Home Value Index.

Will home prices drop in 98115?

Zillow's forecast says they may: it expects typical home values in 98115 to fall 0.9% by September 2027, after a 0.5% 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 98115 home prices compare?

  • 98115$1,007,739
  • 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, 98115 has 172 homes for sale, with 90 new listings coming on during the month. The median list price is $844,988, while the typical home value sits at $1,007,739 and has slipped 0.5% over the past year. Homes are moving at a moderate pace, with a median of 38 days on market, and 20.1% of listings have taken a price cut. For a seller, the picture is steady but slightly cooler than a year ago, so pricing with care from the start matters more than it did in hotter stretches.

Monthly payment

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20% · $201,548

Common questions

What people ask us.

How much is a home in 98115 worth?

The typical home value in 98115 is $1,007,739 as of September 2026, down 0.5% over the past year. The median list price is $844,988.

How long do homes take to sell in 98115?

Homes in 98115 spend a median of 38 days on the market as of September 2026. That points to a moderate pace rather than a frenzied one.

Are sellers cutting prices in 98115?

Yes, 20.1% of listings in 98115 had a price cut as of September 2026. There were 172 homes for sale, including 90 new listings.

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