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Belltown Belltown (Denny Triangle) Downtown Pike Place

SEATTLE, WA 98121

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

Neighborhoods in ZIP 98121

Belltown · Belltown (Denny Triangle) · Downtown · Pike Place

Market Analysis

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

The SEATTLE, WA real estate market (98121) currently shows 167 active listings, with 20 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 63 days on market compared to 65 days last year.

The median listing price has fallen 10.6% year-over-year, from $582,500 to $520,525.

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Market Context

Market Context

Population: 20,562  ·  Density: 17,900.9/mi²  ·  Median household income: $142,926

Typical home value: $800,126  ·  Homeownership: 25.8%

Market Overview

Active Listings
167
⇩ 10.7% vs 187 last year
Pending
20
12% pending ratio
Median Price
$520,525
⇩ 10.6% vs $582,500 last year
Average Price
$734,597
⇧ 1.8% vs $721,786 last year
Days on Market
63
⇩ 3.1% vs 65 days last year

Price Per Square Foot

Median $/sqft
$640
⇩ 11.1% vs $720/sqft last year
Median Home Size
871 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 167 this year vs 187 last year
  • Days on market: 63 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $520,525 (-10.6% YoY)
  • Average: $734,597 (+1.8% 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 6.6 miles — 1,193 listings ($1,879,725,199 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98121Seattle, WA 981210.0 mi117$93,275,910$596,000$797,230
98164Seattle, WA 981640.9 mi8$5,525,368$673,225$690,671
98104Seattle, WA 981041.3 mi70$59,865,750$502,450$855,225
98119Seattle, WA 981192.0 mi91$83,152,797$607,250$913,767
98112Seattle, WA 981123.0 mi77$260,784,986$1,185,750$3,386,818
98199Seattle, WA 981993.6 mi78$109,439,304$1,031,238$1,403,068
98107Seattle, WA 981073.9 mi94$79,050,616$779,238$840,964
98105Seattle, WA 981054.3 mi91$158,393,144$967,450$1,740,584
98106Seattle, WA 981065.0 mi71$56,760,595$741,212$799,445
98117Seattle, WA 981175.3 mi121$110,936,309$831,975$916,829
98115Seattle, WA 981155.7 mi114$144,776,580$965,225$1,269,970
98118Seattle, WA 981186.2 mi115$93,812,400$685,250$815,760
98004Bellevue, WA 980046.6 mi146$623,951,440$1,998,750$4,273,640

Frequently Asked Questions

How many homes are for sale in SEATTLE, WA 98121?

As of September 2026, there are 167 active listings in SEATTLE, WA (zip code 98121), compared to 187 the prior year.

What is the median home price in SEATTLE, WA 98121?

The median listing price in SEATTLE, WA 98121 is $520,525 as of September 2026, a 10.6% decrease from $582,500 the prior year.

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

Homes in SEATTLE, WA 98121 spend an average of 63 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in SEATTLE, WA 98121?

Based on current inventory and days-on-market data as of September 2026, SEATTLE, WA 98121 is currently a Seller's Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 63 days on market compared to 65 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 98121 save an estimated $10,411 compared to a typical 5% commission on the median listing price of $520,525. 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.