Market Intelligence · WA / Seattle

Seattle, WA 98118 Housing Market

The typical home value in Seattle, WA 98118 is $706,726, down 2.4% over the past year as of September 2026. The median list price stands at $702,475, and homes are spending a median of 54 days on market.

Updated September 2026Median value$707K

The median home value in Seattle, WA 98118 is $707K as of September 2026, down 2.4% 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 98118 range

$650K to $763K

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

-2.4% over 12 months

Sep 2025$724K

Low $707KHigh $730K

Sep 2026$707K

The numbers

What is the 98118 housing market like?

As of September 2026

Typical home value

$707K

2.4%YoY

Median list price

$702K

5.7%MoM

Days on market

17.4%MoM

Homes for sale

138

9.5%MoM

Price cuts

27.9%

8.1%MoM

New listings

88.9%MoM

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

The outlook

98118 housing market forecast 2027

-0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98118 to fall 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 98118 fell 2.4%, per the Zillow Home Value Index.

Will home prices drop in 98118?

Zillow's forecast says they may: it expects typical home values in 98118 to fall 0.8% by September 2027, after a 2.4% 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 98118 home prices compare?

98118$706,726
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

There were 138 homes for sale in 98118 as of September 2026, with 68 new listings hitting the market. Values have slipped, with the typical home value of $706,726 down 2.4% over the past year. At a median of 54 days on market, homes are taking time to sell rather than moving quickly. Meanwhile, 27.9% of listings have taken a price cut, which suggests sellers are adjusting to meet buyers. For a seller, pricing realistically from the start matters more than aiming high and cutting later.

Monthly payment

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Home price

Down payment20% · $141,345

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Common questions

What people ask us.

How much is a home in 98118 worth?

The typical home value in 98118 is $706,726 as of September 2026, down 2.4% over the past year. The median list price is $702,475.

How fast are homes selling in 98118?

Homes in 98118 spent a median of 54 days on market as of September 2026. That points to a slower pace where buyers have room to negotiate.

Are sellers cutting prices in 98118?

Yes. As of September 2026, 27.9% of listings in 98118 had a price cut, with 138 homes for sale and 68 new listings.

Discover

Nearby ZIP markets.

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