Market Intelligence · WA / Seattle

Seattle, WA 98118 Housing Market

The typical home value in Seattle's 98118 ZIP code is $740,565, down 2.7% over the past year. Homes here carry a median list price of $736,496, and they sit for a median of 43 days on the market.

Updated June 2026Median value$741K

The median home value in Seattle, WA 98118 is $741K as of June 2026, down 2.7% 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 98118 range

$681K to $800K

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

-2.7% over 12 months

Typical home value in 98118 over the last 12 months: $761K in Jun 2025 to $741K in Jun 2026 (-2.7%).

Jun 2025$761K

Jun 2026$741K

The numbers

What is the 98118 housing market like?

Typical home value

$741K

Down2.7%YoY

Median list price

$736K

Days on market

43

Up514.3%MoM

Homes for sale

133

Price cuts

20.3%

New listings

66

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 98118 home prices compare?

  • 98118$740,565
  • Seattle$763,778
  • Washington$508,607
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Seattle: 33 ZIPs; Washington: 485 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 133 homes for sale in 98118, with 66 new listings adding to the mix. The median list price stood at $736,496, while the typical home value was $740,565, down 2.7% over the past year. Homes took a median of 43 days to sell, and 20.3% of listings had a price cut. For sellers, the softer value trend and the share of price cuts suggest pricing carefully and preparing for a market where buyers have room to negotiate.

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