Start Free
All market snapshots / 98116

Seattle, WA 98116 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Seattle, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 3333PendingPending sales: 44
Seattle, WA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $950k$950kSoldMedian sold price (last 6 months): $985k$985k
What homes actually sell for in Seattle, WA
Distribution of 258 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $770k to $1.29M
$400k to $634k: 24 sales$400k$634k to $868k: 56 sales$868k to $1.1M: 68 sales68sales$868k$1.1M to $1.34M: 38 sales$1.34M to $1.57M: 24 sales$1.34M$1.57M to $1.8M: 14 sales$1.8M to $2.04M: 9 sales$1.8M$2.04M to $2.27M: 0 salesMedian $985k

What the numbers say

As of October 5, 2026, Resideline is tracking 33 active listings and 4 pending sales in ZIP code 98116. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $949,950, while the median of the 258 closed sales Resideline tracked over the last six months was $985,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 98116 for 74 days.

Frequently asked questions

What is the median home price in 98116?

The median closed sale price in Seattle, WA 98116 was $985,000 over the last six months, based on 258 closed sales tracked by Resideline. The middle half of those sales ranged from $770,000 to $1,290,000.

Is 98116 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 33 active listings in 98116, a pending-to-active ratio of 0.12. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 98116 currently looks like a balanced market.

Nearby ZIP code market data

Full Seattle, WA housing market report →

Running a deal in 98116? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 98116 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.