Market Intelligence · WA / Seattle

Seattle, WA 98198 Housing Market

The typical home value in Seattle, WA 98198 is $595,296, down 0.9% over the past year. The median list price is $499,950, and homes have a median days on market of 51. That points to a cooler market than the list price alone might suggest.

Updated August 2026Median value$586K

The median home value in Seattle, WA 98198 is $586K as of August 2026, down 0.5% 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

$539K to $633K

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

-0.5% over 12 months

Typical home value in 98198 over the last 12 months: $589K in Aug 2025 to $586K in Aug 2026 (-0.5%).

Aug 2025$589K

Aug 2026$586K

The numbers

What is the 98198 housing market like?

Typical home value

$586K

Down0.5%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 98198 home prices compare?

  • 98198$586,118
  • 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

There are 101 homes for sale, with 36 new listings. The median list price is $499,950, while the typical home value is $595,296, down 0.9% over the past year. A median days on market of 51 gives buyers some time to compare options. Price cuts appear on 23.4% of listings, which suggests some sellers are adjusting after testing the market. For a seller, pricing needs to be realistic from the start because buyers have room to be selective.

Monthly payment

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20% · $117,224

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