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All market snapshots / 98118

Seattle, WA 98118 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: 0.09
ActiveActive listings: 5353PendingPending sales: 55
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): $700k$700kSoldMedian sold price (last 6 months): $795k$795k
What homes actually sell for in Seattle, WA
Distribution of 237 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $570k to $999k
$410k to $550k: 35 sales$410k$550k to $690k: 47 sales47sales$690k to $830k: 40 sales$690k$830k to $970k: 39 sales$970k to $1.11M: 25 sales$970k$1.11M to $1.25M: 10 sales$1.25M to $1.39M: 12 sales$1.25M$1.39M to $1.53M: 6 salesMedian $795k

What the numbers say

As of October 26, 2026, Resideline is tracking 53 active listings and 5 pending sales in ZIP code 98118. That pending-to-active ratio of 0.09 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 $699,972, while the median of the 237 closed sales Resideline tracked over the last six months was $794,900. 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 98118 for 86 days.

Frequently asked questions

What is the median home price in 98118?

The median closed sale price in Seattle, WA 98118 was $794,900 over the last six months, based on 237 closed sales tracked by Resideline. The middle half of those sales ranged from $570,000 to $999,000.

Is 98118 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 53 active listings in 98118, a pending-to-active ratio of 0.09. 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, 98118 is currently a typical-pace market.

Nearby ZIP code market data

Full Seattle, WA housing market report →

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