Kirkland, WA Real Estate Market

With a competition score of 74 and a median days on market of 29, seller conditions remain favorable heading into spring 2026. Listing at or near the median asking price of $2,149,995 for single-family homes positions sellers within a market that continues to attract active buyer interest.

Buyers in 98033 are navigating a warm market with 429 active listings, offering more options than a highly constrained inventory environment would allow. With a 30-year mortgage rate at 6.37%, budgeting carefully against asking prices that range from $550,000 for a 1-bedroom to $2,915,000 for a 5-bedroom is essential before submitting an offer.

The median rent in Kirkland stands at $2,695 against a rental inventory of just 128 units, pointing to limited rental supply that could support consistent occupancy for new investors. However, with a median asking price of $2,149,995 and a price-to-rent ratio that is quite stretched, investors should run conservative cash flow models before committing to acquisitions in this zip code.

The current 30-year fixed mortgage rate of 6.37% and 15-year rate of 5.72% meaningfully affect monthly carrying costs on Kirkland's premium-priced listings. Buyers who qualify for the 15-year term may benefit from a 65-basis-point rate advantage, though the higher monthly payments on already elevated asking prices require careful financial planning.