Market Intelligence · WA / Seattle

Seattle, WA 98121 Housing Market

Homes in Seattle 98121 have a typical value of $521,052, down 7.1% over the past year. The median list price stands at $520,525, with homes spending a median of 63 days on market as of September 2026.

Updated September 2026Median value$521K

The median home value in Seattle, WA 98121 is $521K as of September 2026, down 7.1% 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 98121 range

$479K to $563K

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

-7.1% over 12 months

Typical home value in 98121 over the last 12 months: $561K in Sep 2025 to $521K in Sep 2026 (-7.1%).

Sep 2025$561K

Sep 2026$521K

The numbers

What is the 98121 housing market like?

Typical home value

$521K

Down7.1%YoY

Median list price

$521K

Down0.9%MoM

Days on market

63

Up6.8%MoM

Homes for sale

148

Down1.3%MoM

Price cuts

19.5%

Down7.3%MoM

New listings

34

Up6.3%MoM

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

The outlook

98121 housing market forecast 2027

-1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98121 to fall 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 98121 fell 7.1%, per the Zillow Home Value Index.

Will home prices drop in 98121?

Zillow's forecast says they may: it expects typical home values in 98121 to fall 1.3% by September 2027, after a 7.1% 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 98121 home prices compare?

  • 98121$521,052
  • 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

The Seattle 98121 market is showing signs of softness. With 148 homes for sale and only 34 new listings in September 2026, inventory remains limited relative to the price-cut activity. Nearly 19.5% of listings have seen price reductions, and the typical home value decline of 7.1% year-over-year suggests sustained buyer pressure. Homes are taking 63 days to sell on average, longer than the faster-moving markets of prior years. If you're considering selling, the combination of declining values and increasing price cuts signals a buyer-favorable environment.

Monthly payment

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20% · $104,210

Common questions

What people ask us.

What is the typical home value in Seattle 98121?

As of September 2026, the typical home value in 98121 is $521,052, down 7.1% over the past year.

How many homes are currently for sale in 98121?

There are 148 homes for sale in the ZIP as of September 2026, with 34 new listings added that month.

How long do homes typically stay on the market here?

The median days on market is 63 as of September 2026.

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