Market Intelligence · WA / Seattle

Seattle, WA 98198 Housing Market

Typical home values in Seattle's 98198 ZIP code sit at $595,296, down 0.9% over the past year. The median list price is $500,000, with homes spending 37 days on market as of mid-2026.

Updated August 2026Median value$595K

The median home value in Seattle, WA 98198 is $595K as of August 2026, down 0.9% 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 98198 range

$548K to $643K

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

-0.9% over 12 months

Typical home value in 98198 over the last 12 months: $600K in Jul 2025 to $595K in Jul 2026 (-0.9%).

Jul 2025$600K

Jul 2026$595K

The numbers

What is the 98198 housing market like?

Typical home value

$595K

Down0.9%YoY

Median list price

$500K

Flat0.0%MoM

Days on market

51

Up37.8%MoM

Homes for sale

101

Up2.0%MoM

Price cuts

23.4%

Up32.7%MoM

New listings

36

Down18.2%MoM

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

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The comparison

How do 98198 home prices compare?

  • 98198$595,296
  • 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 99 homes for sale in 98198, with 44 new listings entering the market recently. The median days on market of 37 suggests moderate buyer interest, though 17.6% of listings have already been reduced. For sellers, this is a cautious environment: while the market is moving, the slight decline in typical home values and the prevalence of price cuts indicate you should price carefully from the start.

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20% · $119,059

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