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SEATTLE, WA 98188

Real Estate Market Report  ·  King County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
27
⇩ 18.2% vs 33 last year
Pending
10
37% pending ratio
Median Price
$475,000
⇩ 16.6% vs $569,750 last year
Average Price
$623,016
⇧ 15.2% vs $540,830 last year
Days on Market
101
⇧ 74.1% vs 58 days last year

Market Context

Population: 27,523  ·  Density: 1,317.4/mi²  ·  Median household income: $77,722

Typical home value: $425,608  ·  Homeownership: 43.9%

Market Analysis

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

The SEATTLE, WA real estate market (98188) currently shows 27 active listings, with 10 pending sales. Homes are averaging 101 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 101 days on market compared to 58 days last year.

The median listing price has fallen 16.6% year-over-year, from $569,750 to $475,000.

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: 27 this year vs 33 last year
  • Days on market: 101 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $475,000 (-16.6% YoY)
  • Average: $623,016 (+15.2% 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 — 548 listings ($606,216,181 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98188Seattle, WA 981880.0 mi27$16,821,432$475,000$623,016
98057Renton, WA 980573.0 mi19$9,818,383$455,000$516,757
98055Renton, WA 980553.4 mi29$17,106,230$500,000$589,870
98178Seattle, WA 981783.8 mi71$59,644,402$707,450$840,062
98198Seattle, WA 981984.0 mi59$30,889,214$492,000$523,546
98146Seattle, WA 981465.3 mi49$40,123,307$695,000$818,843
98030Kent, WA 980306.5 mi58$35,416,424$660,000$610,628
98108Seattle, WA 981086.7 mi61$41,322,681$640,000$677,421
98106Seattle, WA 981067.6 mi57$44,465,415$714,999$780,095
98136Seattle, WA 981368.2 mi32$27,332,736$774,950$854,148
98040Mercer Island, WA 980408.4 mi35$179,184,565$3,395,000$5,119,559
98134Seattle, WA 981349.4 mi2$750,000$375,000$375,000
98006Bellevue, WA 980069.6 mi49$103,341,392$1,792,500$2,109,008

Frequently Asked Questions

How many homes are for sale in SEATTLE, WA 98188?

As of January 2026, there are 27 active listings in SEATTLE, WA (zip code 98188), compared to 33 the prior year.

What is the median home price in SEATTLE, WA 98188?

The median listing price in SEATTLE, WA 98188 is $475,000 as of January 2026, a 16.6% decrease from $569,750 the prior year.

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

Homes in SEATTLE, WA 98188 spend an average of 101 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in SEATTLE, WA 98188?

Based on current inventory and days-on-market data as of January 2026, SEATTLE, WA 98188 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 101 days on market compared to 58 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 98188 save an estimated $9,500 compared to a typical 5% commission on the median listing price of $475,000. 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.