How much is a home in 98148 worth?

The typical home value in 98148 is $608,345, down 0.6% over the past year.

How fast are homes selling in 98148?

Homes in 98148 are spending a median of 31 days on the market, and there are currently 12 homes for sale.

Are sellers in 98148 cutting prices?

Yes, 28.6% of active listings in 98148 have had a price cut, while the median list price stands at $650,000.

Market Intelligence · WA / Seattle

Seattle, WA 98148 Housing Market

The typical home value in Seattle's 98148 ZIP code is $608,345, down 0.6% over the past year. The median list price is $650,000, and homes are spending a median of 31 days on the market.

Updated August 2026Median value$597K

The median home value in Seattle, WA 98148 is $597K as of August 2026, down 0.3% 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

$549K to $644K

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

-0.3% over 12 months

Aug 2025$599K

Low $596KHigh $605K

Aug 2026$597K

The numbers

What is the 98148 housing market like?

As of August 2026

Typical home value

$597K

0.3%YoY

Median list price

$650K

9.5%MoM

Days on market

14.8%MoM

Homes for sale

20.0%MoM

Price cuts

28.6%

New listings

0.0%MoM

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

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The comparison

How do 98148 home prices compare?

98148$596,719
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

Inventory in 98148 is limited, with 12 homes for sale and 8 new listings as of early August. The median list price of $650,000 sits above the typical home value of $608,345, and that value has slipped 0.6% over the past year. Homes are moving at a moderate pace, with a median of 31 days on market. Meanwhile, 28.6% of listings have taken a price cut, which suggests some sellers are starting above what buyers will pay. For a seller, pricing close to current value from day one matters more than testing the high end.

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