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All market snapshots / 98118

Seattle, WA 98118 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Seattle, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 5858PendingPending 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): $635k$635kSoldMedian sold price (last 6 months): $750k$750k
What homes actually sell for in Seattle, WA
Distribution of 261 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $597k to $985k
$412k to $579k: 46 sales$412k$579k to $746k: 67 sales67sales$746k to $914k: 55 sales$746k$914k to $1.08M: 27 sales$1.08M to $1.25M: 14 sales$1.08M$1.25M to $1.42M: 18 sales$1.42M to $1.58M: 5 sales$1.42M$1.58M to $1.75M: 2 salesMedian $750k

What the numbers say

As of September 14, 2026, Resideline is tracking 58 active listings and 3 pending sales in ZIP code 98118. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $635,000, while the median of the 261 closed sales Resideline tracked over the last six months was $750,000. 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 98118 for 66 days.

Frequently asked questions

What is the median home price in 98118?

The median closed sale price in Seattle, WA 98118 was $750,000 over the last six months, based on 261 closed sales tracked by Resideline. The middle half of those sales ranged from $597,000 to $985,000.

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

Resideline is currently tracking 3 pending sales against 58 active listings in 98118, a pending-to-active ratio of 0.05. 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, 98118 currently looks like a balanced market.

Nearby ZIP code market data

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