Market Intelligence · WA / Seattle

Seattle, WA 98118 Housing Market

The typical home value in Seattle, WA 98118 is $734,729, down 2.4% over the past year as of 2026-07-01. As of 2026-08-01, the median list price was $745,000 and homes spent a median of 46 days on market.

Updated August 2026Median value$718K

The median home value in Seattle, WA 98118 is $718K as of August 2026, down 2.2% 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 98118 range

$661K to $775K

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

-2.2% over 12 months

Typical home value in 98118 over the last 12 months: $734K in Aug 2025 to $718K in Aug 2026 (-2.2%).

Aug 2025$734K

Aug 2026$718K

The numbers

What is the 98118 housing market like?

Typical home value

$718K

Down2.2%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 98118 home prices compare?

  • 98118$717,985
  • 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

As of 2026-08-01, 98118 had 126 homes for sale, with 36 new listings coming on. The median list price sat at $745,000, and the median days on market was 46. At the same time, 25.8% of listings had taken a price cut, and the typical home value of $734,729 was down 2.4% over the past year as of 2026-07-01. For a seller, this is a market where pricing correctly from the start matters, since a meaningful share of listings are already being reduced.

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