Home ValuePros

Market Intelligence · WA / Seattle

Seattle, WA 98118 Housing Market

The typical home value in Seattle's 98118 ZIP is $734,729, down 2.4% over the past year. The median list price stands at $759,500, with homes taking a median of 39 days to sell.

Updated August 2026Median value$735K

The median home value in Seattle, WA 98118 is $735K as of August 2026, down 2.4% 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

$676K to $794K

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

Typical home value in 98118 over the last 12 months: $753K in Jul 2025 to $735K in Jul 2026 (-2.4%).

Jul 2025$753K

Jul 2026$735K

The numbers

What is the 98118 housing market like?

Typical home value

$735K

Down2.4%YoY

Median list price

$745K

Down1.9%MoM

Days on market

46

Up17.9%MoM

Homes for sale

126

Up8.6%MoM

Price cuts

25.8%

Up44.5%MoM

New listings

36

Down35.7%MoM

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

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The comparison

How do 98118 home prices compare?

  • 98118$734,729
  • Seattle$772,473
  • Washington$510,876
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Seattle: 33 ZIPs; Washington: 485 ZIPs; United States: 26,266 ZIPs).

Context

There are 116 homes for sale in 98118 as of early July 2026, with 56 new listings added to the market. The median days on market of 39 suggests steady buyer interest despite the recent value decline. However, 17.9% of current listings have already seen price cuts, indicating some sellers are adjusting expectations. The gap between typical home value and median list price points to mixed signals in the market. If you're considering selling, expect to negotiate and price carefully.

Monthly payment

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20% · $146,946

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