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Market Intelligence · WA / Seattle

Seattle, WA 98148 Housing Market

In Seattle, WA 98148, the typical home value is $592,737 as of September 2026, down 0.2% over the past year. The median list price is $650,000, and homes have a median days on market of 30. For sellers, that points to a soft but still active market.

Updated September 2026Median value$593K

The median home value in Seattle, WA 98148 is $593K as of September 2026, down 0.2% 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 98148 range

$545K to $640K

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

-0.2% over 12 months

Typical home value in 98148 over the last 12 months: $594K in Sep 2025 to $593K in Sep 2026 (-0.2%).

Sep 2025$594K

Sep 2026$593K

The numbers

What is the 98148 housing market like?

Typical home value

$593K

Down0.2%YoY

Median list price

$650K

Flat0.0%MoM

Days on market

30

Down3.2%MoM

Homes for sale

17

Up41.7%MoM

Price cuts

31.4%

Up9.8%MoM

New listings

4

Down50.0%MoM

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

The outlook

98148 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98148 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 98148 fell 0.2%, per the Zillow Home Value Index.

Will home prices drop in 98148?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98148 to stay roughly flat by September 2027 (down 0.3%), after a 0.2% 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 98148 home prices compare?

  • 98148$592,737
  • 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 98148 market in Seattle is sending mixed signals. There are 17 homes for sale as of September 2026, with 4 new listings, so choice is limited rather than loose. The median list price is $650,000, above the typical home value of $592,737, while the typical value is down 0.2% over the past year. A median days on market of 30 suggests buyers are still engaging, but 31.4% of listings have a price cut. For a seller, pricing needs to match recent buyer response, not last year's memory.

Monthly payment

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20% · $118,547

Common questions

What people ask us.

How much is a home in 98148 worth?

The typical home value is $592,737 as of September 2026, down 0.2% over the past year.

Are homes selling quickly in Seattle, WA 98148?

The median days on market is 30 as of September 2026, with 17 homes for sale and 4 new listings.

Are sellers cutting prices in 98148?

Yes, 31.4% of listings show a price cut as of September 2026, while the median list price is $650,000.

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