4-week rolling average · Data through March 12, 2026 · ZIP 98101
The Seattle 98101 market is balanced as of March 2026, with median sale and list prices both at $630,000 and 154 active homes available. At $779.95 per square foot, buyers are paying a notable premium for urban Seattle real estate. A median of 56 days on market suggests homes are moving at a measured pace, giving both buyers and sellers room to negotiate.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $595K | $2K/mo |
| 2BR | $1.19M | $4K/mo |
| 3BR | $1.27M | $3K/mo |
| 4BR | $6.50M | — |
With median sale price matching median list price at $630,000, sellers are generally receiving their asking price in this market. The 56-day median days on market means pricing competitively from day one will be essential to avoiding a prolonged listing.
Buyers in 98101 can expect to pay around $630,000 at the median, with a price per square foot of $779.95 reflecting the premium nature of downtown Seattle real estate. The 56-day median days on market gives buyers meaningful breathing room to evaluate options without the pressure of a frenzied market.
With a median rent of $2,250 and 140 rental units currently available, the 98101 rental market offers steady demand alongside a sizeable pool of competing inventory. A two-bedroom rental fetches a median of $3,995 per month, which investors should weigh carefully against a two-bedroom purchase price of $1,189,000 when evaluating cash flow potential.
The current 30-year mortgage rate of 6.37% and 15-year rate of 5.72% represent a significant cost of borrowing on a $630,000 purchase. Buyers who can qualify for the 15-year term would save considerably on total interest paid, though monthly payments would be higher compared to the 30-year option.
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Market intelligence by FarmPosts