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West Seattle

SEATTLE, WA 98116

Real Estate Market Report  ·  King County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
58
⇧ 11.5% vs 52 last year
Pending
12
21% pending ratio
Median Price
$849,000
⇩ 1.6% vs $862,450 last year
Average Price
$1,260,798
⇧ 14.7% vs $1,098,785 last year
Days on Market
77
⇧ 16.7% vs 66 days last year

Market Context

Population: 27,871  ·  Density: 3,584.9/mi²  ·  Median household income: $129,924

Typical home value: $874,414  ·  Homeownership: 54.6%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The SEATTLE, WA real estate market (98116) currently shows 58 active listings, with 12 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 77 days on market compared to 66 days last year.

The median listing price has fallen 1.6% year-over-year, from $862,450 to $849,000.

Whether you are buying or selling in SEATTLE, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 58 this year vs 52 last year
  • Days on market: 77 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $849,000 (-1.6% YoY)
  • Average: $1,260,798 (+14.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.9 miles — 938 listings ($1,254,760,212 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98116Seattle, WA 981160.0 mi58$73,126,284$849,000$1,260,798
98136Seattle, WA 981362.6 mi32$27,332,736$774,950$854,148
98106Seattle, WA 981062.9 mi57$44,465,415$714,999$780,095
98121Seattle, WA 981213.6 mi109$86,444,630$593,500$793,070
98101Seattle, WA 981013.8 mi84$107,583,168$680,000$1,280,752
98109Seattle, WA 981094.6 mi83$66,077,047$662,000$796,109
98144Seattle, WA 981444.9 mi83$62,686,580$699,000$755,260
98199Seattle, WA 981995.4 mi63$83,472,732$1,070,000$1,324,964
98102Seattle, WA 981025.4 mi78$84,678,594$835,950$1,085,623
98112Seattle, WA 981126.4 mi59$208,753,977$1,198,000$3,538,203
98103Seattle, WA 981037.3 mi121$107,838,588$877,500$891,228
98040Mercer Island, WA 980407.6 mi35$179,184,565$3,395,000$5,119,559
98105Seattle, WA 981057.9 mi76$123,115,896$875,000$1,619,946

Frequently Asked Questions

How many homes are for sale in SEATTLE, WA 98116?

As of January 2026, there are 58 active listings in SEATTLE, WA (zip code 98116), compared to 52 the prior year.

What is the median home price in SEATTLE, WA 98116?

The median listing price in SEATTLE, WA 98116 is $849,000 as of January 2026, a 1.6% decrease from $862,450 the prior year.

How long do homes stay on the market in SEATTLE, WA?

Homes in SEATTLE, WA 98116 spend an average of 77 days on the market before going under contract, compared to 66 days the prior year.

Is it a seller's or buyer's market in SEATTLE, WA 98116?

Based on current inventory and days-on-market data as of January 2026, SEATTLE, WA 98116 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 77 days on market compared to 66 days last year.

How much can I save on real estate commission in SEATTLE, WA?

With SELL123.com's maximum 3% commission, sellers in SEATTLE, WA 98116 save an estimated $16,980 compared to a typical 5% commission on the median listing price of $849,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.