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Blakely Manor

SEATTLE, WA 98148

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

Market Overview

Active Listings
15
⇧ 200% vs 5 last year
Pending
7
47% pending ratio
Median Price
$629,000
⇧ 12.3% vs $559,863 last year
Average Price
$625,317
⇩ 49.3% vs $1,234,444 last year
Days on Market
66
⇧ 40.4% vs 47 days last year

Market Context

Population: 10,652  ·  Density: 1,517.1/mi²  ·  Median household income: $81,431

Typical home value: $507,134  ·  Homeownership: 49.7%

Market Analysis

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

The SEATTLE, WA real estate market (98148) currently shows 15 active listings, with 7 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 66 days on market compared to 47 days last year.

The median listing price has risen 12.3% year-over-year, from $559,863 to $629,000.

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: 15 this year vs 5 last year
  • Days on market: 66 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $629,000 (+12.3% YoY)
  • Average: $625,317 (-49.3% 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 9.6 miles — 627 listings ($442,158,515 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98148Seattle, WA 981480.0 mi15$9,379,755$629,000$625,317
98188Seattle, WA 981882.4 mi27$16,821,432$475,000$623,016
98198Seattle, WA 981983.5 mi59$30,889,214$492,000$523,546
98032Kent, WA 980324.8 mi54$31,841,748$525,000$589,662
98057Renton, WA 980575.3 mi19$9,818,383$455,000$516,757
98108Seattle, WA 981086.7 mi61$41,322,681$640,000$677,421
98106Seattle, WA 981066.9 mi57$44,465,415$714,999$780,095
98070Vashon, WA 980707.2 mi21$25,012,806$875,000$1,191,086
98126Seattle, WA 981267.4 mi45$30,660,525$650,000$681,345
98030Kent, WA 980308.0 mi58$35,416,424$660,000$610,628
98058Renton, WA 980589.4 mi71$48,120,250$696,940$677,750
98116Seattle, WA 981169.5 mi58$73,126,284$849,000$1,260,798
98003Federal Way, WA 980039.6 mi82$45,283,598$525,000$552,239

Frequently Asked Questions

How many homes are for sale in SEATTLE, WA 98148?

As of January 2026, there are 15 active listings in SEATTLE, WA (zip code 98148), compared to 5 the prior year.

What is the median home price in SEATTLE, WA 98148?

The median listing price in SEATTLE, WA 98148 is $629,000 as of January 2026, a 12.3% increase from $559,863 the prior year.

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

Homes in SEATTLE, WA 98148 spend an average of 66 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in SEATTLE, WA 98148?

Based on current inventory and days-on-market data as of January 2026, SEATTLE, WA 98148 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 66 days on market compared to 47 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 98148 save an estimated $12,580 compared to a typical 5% commission on the median listing price of $629,000. 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.