Call or Text (240) SELL-123
Alki Fairmount Park Genesee North Admiral Seaview West Seattle

SEATTLE, WA 98116

Real Estate Market Report  ·  King County
Seller's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 98116

Alki · Fairmount Park · Genesee · North Admiral · Seaview · West Seattle

Market Analysis

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

The SEATTLE, WA real estate market (98116) currently shows 103 active listings, with 23 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 53 days on market compared to 57 days last year.

The median listing price has risen 7.6% year-over-year, from $895,750 to $963,750.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SEATTLE, WA 98116 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

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

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

Market Overview

Active Listings
103
⇩ 9.6% vs 114 last year
Pending
23
22% pending ratio
Median Price
$963,750
⇧ 7.6% vs $895,750 last year
Average Price
$1,193,407
⇩ 1.7% vs $1,213,918 last year
Days on Market
53
⇩ 7% vs 57 days last year

Price Per Square Foot

Median $/sqft
$590
⇩ 6.6% vs $632/sqft last year
Median Home Size
1,620 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 103 this year vs 114 last year
  • Days on market: 53 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $963,750 (+7.6% YoY)
  • Average: $1,193,407 (-1.7% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.3 miles — 951 listings ($1,028,836,932 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98116Seattle, WA 981160.0 mi72$87,159,384$845,963$1,210,547
98136Seattle, WA 981362.6 mi39$37,073,790$794,500$950,610
98104Seattle, WA 981043.5 mi70$59,865,750$502,450$855,225
98164Seattle, WA 981643.7 mi8$5,525,368$673,225$690,671
98108Seattle, WA 981084.5 mi68$47,384,712$636,488$696,834
98119Seattle, WA 981194.7 mi91$83,152,797$607,250$913,767
98122Seattle, WA 981225.2 mi129$108,375,480$803,438$840,120
98146Seattle, WA 981465.4 mi55$48,186,545$726,125$876,119
98118Seattle, WA 981186.3 mi115$93,812,400$685,250$815,760
98107Seattle, WA 981076.5 mi94$79,050,616$779,238$840,964
98168Seattle, WA 981687.3 mi68$43,674,156$608,500$642,267
98117Seattle, WA 981177.9 mi121$110,936,309$831,975$916,829
98039Medina, WA 980398.3 mi21$224,639,625$6,847,500$10,697,125

Frequently Asked Questions

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

As of September 2026, there are 103 active listings in SEATTLE, WA (zip code 98116), compared to 114 the prior year.

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

The median listing price in SEATTLE, WA 98116 is $963,750 as of September 2026, a 7.6% increase from $895,750 the prior year.

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

Homes in SEATTLE, WA 98116 spend an average of 53 days on the market before going under contract, compared to 57 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 September 2026, SEATTLE, WA 98116 is currently a Seller's Market. Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 53 days on market compared to 57 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 $19,275 compared to a typical 5% commission on the median listing price of $963,750. 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.