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All market snapshots / 98116

Seattle, WA 98116 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Seattle, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 3636PendingPending sales: 33
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): $995k$995kSoldMedian sold price (last 6 months): $999k$999k
What homes actually sell for in Seattle, WA
Distribution of 248 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $800k to $1.35M
$415k to $651k: 26 sales$415k$651k to $888k: 55 sales$888k to $1.12M: 57 sales57sales$888k$1.12M to $1.36M: 42 sales$1.36M to $1.6M: 19 sales$1.36M$1.6M to $1.83M: 15 sales$1.83M to $2.07M: 7 sales$1.83M$2.07M to $2.31M: 2 salesMedian $999k

What the numbers say

As of October 26, 2026, Resideline is tracking 36 active listings and 3 pending sales in ZIP code 98116. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $995,000, while the median of the 248 closed sales Resideline tracked over the last six months was $999,000. 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 88 days.

Frequently asked questions

What is the median home price in 98116?

The median closed sale price in Seattle, WA 98116 was $999,000 over the last six months, based on 248 closed sales tracked by Resideline. The middle half of those sales ranged from $799,950 to $1,349,000.

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

Resideline is currently tracking 3 pending sales against 36 active listings in 98116, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 98116 is currently a typical-pace market.

Nearby ZIP code market data

Full Seattle, WA housing market report →

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