How much is a home in 98116 worth?

The typical home value in 98116 is $1,000,929, down 0.9% over the past year. The median list price is $937,000.

How long do homes take to sell in 98116?

Homes in 98116 spend a median of 37 days on the market.

Are sellers cutting prices in 98116?

Yes, 15.2% of listings in 98116 have taken a price cut, with 79 homes currently for sale and 32 new listings.

Market Intelligence · WA / Seattle

Seattle, WA 98116 Housing Market

The typical home value in Seattle's 98116 ZIP code is $1,000,929, down 0.9% over the past year. Homes are listed at a median price of $937,000 and spend a median of 37 days on the market.

Updated August 2026Median value$976K

The median home value in Seattle, WA 98116 is $976K as of August 2026, down 0.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 98116 range

$898K to $1.05M

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

-0.2% over 12 months

Aug 2025$979K

Low $974KHigh $995K

Aug 2026$976K

The numbers

What is the 98116 housing market like?

As of August 2026

Typical home value

$976K

0.2%YoY

Median list price

$937K

4.5%MoM

Days on market

5.7%MoM

Homes for sale

8.2%MoM

Price cuts

15.2%

4.2%MoM

New listings

38.5%MoM

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

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The comparison

How do 98116 home prices compare?

98116$976,154
Seattle$757,125
Washington$500,124
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Seattle: 33 ZIPs; Washington: 485 ZIPs; United States: 26,265 ZIPs).

Context

There are 79 homes for sale in 98116, with 32 new listings coming on the market. The median list price sits at $937,000, and homes take a median of 37 days to sell. That pace is steady but not fast. Meanwhile, 15.2% of listings have taken a price cut, and the typical value of $1,000,929 is down 0.9% from a year ago. For a seller, the data says buyers have some room to negotiate, so pricing carefully from the start matters more than testing the market.

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