Home ValuePros

Market Intelligence · WA / Seattle

Seattle, WA 98121 Housing Market

The typical home value in Seattle 98121 is $544,576, down 5.4% over the past year. The median list price stands at $524,988, with homes averaging 59 days on market.

Updated August 2026Median value$545K

The median home value in Seattle, WA 98121 is $545K as of August 2026, down 5.4% 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 98121 range

$501K to $588K

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

-5.4% over 12 months

Typical home value in 98121 over the last 12 months: $576K in Jul 2025 to $545K in Jul 2026 (-5.4%).

Jul 2025$576K

Jul 2026$545K

The numbers

What is the 98121 housing market like?

Typical home value

$545K

Down5.4%YoY

Median list price

$525K

Flat0.0%MoM

Days on market

59

Flat0.0%MoM

Homes for sale

150

Down5.7%MoM

Price cuts

21.1%

Down5.1%MoM

New listings

32

Up23.1%MoM

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

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The comparison

How do 98121 home prices compare?

  • 98121$544,576
  • 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 159 homes currently for sale in this ZIP, with 26 new listings as of July 2026. The median time on market of 59 days reflects a moderately paced sale cycle. A notable 22.2% of listings have seen price cuts, which aligns with the year-over-year value decline of 5.4%. For sellers, this suggests a market where pricing strategy matters and overpricing may lead to extended holding periods.

Monthly payment

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20% · $108,915

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