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Market Intelligence · WA / Seattle

Seattle, WA 98198 Housing Market

The typical home value in Seattle's 98198 ZIP code is $579,429 as of September 2026, down 0.3% over the past year. The median list price sits at $494,975, and homes are spending a median of 62 days on the market. Sellers here should expect a slower pace than a hot market would deliver.

Updated September 2026Median value$579K

The median home value in Seattle, WA 98198 is $579K as of September 2026, down 0.3% 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 98198 range

$533K to $626K

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

Typical home value in 98198 over the last 12 months: $581K in Sep 2025 to $579K in Sep 2026 (-0.3%).

Sep 2025$581K

Sep 2026$579K

The numbers

What is the 98198 housing market like?

Typical home value

$579K

Down0.3%YoY

Median list price

$495K

Down1.0%MoM

Days on market

62

Up21.6%MoM

Homes for sale

95

Down5.9%MoM

Price cuts

26.4%

Up12.8%MoM

New listings

20

Down44.4%MoM

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

The outlook

98198 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98198 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 98198 fell 0.3%, per the Zillow Home Value Index.

Will home prices drop in 98198?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98198 to stay roughly flat by September 2027 (down 0.2%), after a 0.3% 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 98198 home prices compare?

  • 98198$579,429
  • 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

As of September 2026, there are 95 homes for sale in 98198, with 20 new listings coming on the market. The median list price is $494,975, and the typical home value is $579,429, down 0.3% over the past year. Homes are taking a median of 62 days to sell, and 26.4% of listings have had a price cut. Values are essentially flat, and buyers have room to negotiate. For a seller, the honest read is that pricing accurately from the start matters more than usual, because overpricing is likely to lead to a cut and a longer wait.

Monthly payment

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20% · $115,886

Common questions

What people ask us.

How much is a home in 98198 worth?

The typical home value in 98198 is $579,429 as of September 2026, down 0.3% over the past year.

How long does it take to sell a home in 98198?

Homes in 98198 are spending a median of 62 days on the market as of September 2026.

Are sellers in 98198 cutting prices?

Yes, 26.4% of listings in 98198 had a price cut as of September 2026, which suggests sellers are adjusting expectations to meet buyers.

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