Market Intelligence · WA / Seattle

Seattle, WA 98117 Housing Market

The typical home value in Seattle's 98117 is $944,564, up 0.1% over the past year as of September 2026. The median list price sits at $856,749, and homes are spending a median of 44 days on the market.

Updated September 2026Median value$945K

The median home value in Seattle, WA 98117 is $945K as of September 2026, up 0.1% 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 98117 range

$869K to $1.02M

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

+0.1% over 12 months

Sep 2025$944K

Low $944KHigh $966K

Sep 2026$945K

The numbers

What is the 98117 housing market like?

As of September 2026

Typical home value

$945K

0.1%YoY

Median list price

$857K

3.7%MoM

Days on market

10.0%MoM

Homes for sale

100

3.1%MoM

Price cuts

15.8%

46.6%MoM

New listings

63.6%MoM

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

The outlook

98117 housing market forecast 2027

-0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98117 to fall 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 98117 rose 0.1%, per the Zillow Home Value Index.

Will home prices drop in 98117?

Zillow's forecast says they may: it expects typical home values in 98117 to fall 0.8% by September 2027, after a 0.1% rise 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 98117 home prices compare?

98117$944,564
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, 98117 has 100 homes for sale, with 72 of those being new listings. The median list price is $856,749, and the median days on market is 44, so buyers are taking some time before committing. Meanwhile, 15.8% of listings have had a price cut, and the typical home value of $944,564 is up only 0.1% over the past year. Taken together, this is a flat market where pricing right from the start matters more than aiming high.

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Down payment20% · $188,913

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Common questions

What people ask us.

How much is a home in 98117 worth?

The typical home value in 98117 is $944,564, up 0.1% over the past year as of September 2026.

How fast are homes selling in 98117?

Homes in 98117 are spending a median of 44 days on the market as of September 2026.

Are sellers cutting prices in 98117?

Yes, 15.8% of listings had a price cut as of September 2026, with 100 homes for sale at that time.

Discover

Nearby ZIP markets.

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