Market Intelligence · WA / Seattle

Seattle, WA 98148 Housing Market

The typical home in Seattle's 98148 ZIP code is valued at $608,345, down 0.6% over the past year. Homes are listing at a median price of $593,745 and spending 27 days on the market.

Updated August 2026Median value$608K

The median home value in Seattle, WA 98148 is $608K as of August 2026, down 0.6% 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 98148 range

$560K to $657K

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

-0.6% over 12 months

Typical home value in 98148 over the last 12 months: $612K in Jul 2025 to $608K in Jul 2026 (-0.6%).

Jul 2025$612K

Jul 2026$608K

The numbers

What is the 98148 housing market like?

Typical home value

$608K

Down0.6%YoY

Median list price

$650K

Up9.5%MoM

Days on market

31

Up14.8%MoM

Homes for sale

12

Up20.0%MoM

Price cuts

28.6%

New listings

8

Flat0.0%MoM

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

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The comparison

How do 98148 home prices compare?

  • 98148$608,345
  • 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 currently 10 homes for sale in the area, with 8 new listings as of early July 2026. The median list price sits at $593,745, and homes are taking 27 days to sell on average. No listings have seen price cuts so far. The modest year-over-year decline in typical home value suggests a market that is steady but not appreciating, which means sellers should have realistic expectations about timing and return.

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20% · $121,669

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