๐Ÿ“Š Updated weekly with real market data ยท Last updated: March 12, 2026 ยท Powered by FarmPosts
Market Report

Seattle, WA Real Estate Market

4-week rolling average ยท Data through March 12, 2026 ยท ZIP 98103

$1.13M
Median Asking Price
$900K
Median List Price
9
Days on Market
Median Rent
$2K/mo
Median rental listing price
Rental Inventory
318
Active rental listings
๐Ÿ’ก
Key Market Insight

The 98103 zip code in Seattle is running hot as of March 2026, with a competition score of 92 out of 100 and a median days on market of just 9 days. The median asking price for single-family homes sits at $1,125,000, with price per square foot at $595.93 across 317 active listings. Conditions strongly favor sellers, with very limited time on market and high buyer demand relative to available supply.

๐Ÿฆ
30-Year Fixed Rate
6.4%

Market Activity

Active Inventory317
Price per Sq Ft$596

By Bedroom

BedsAsking PriceRent
1BR$425K$2K/mo
2BR$729K$3K/mo
3BR$980K$4K/mo
4BR$1.30M$4K/mo
5BR$1.50Mโ€”
6BR$1.58M$8K/mo
7BR$1.52Mโ€”
8BR$1.40Mโ€”
Market Temperature
Buyer's MarketBalancedSeller's Market
๐Ÿ”ฅ Hot โ€” Strong Seller's Market

What This Means For You

๐Ÿ Sellers

With only 317 active listings and homes sitting on the market for a median of just 9 days, sellers are operating in an exceptionally favorable environment. A median asking price of $1,125,000 reflects strong pricing power, making this a compelling moment to list.

๐Ÿ”‘Buyers

Buyers in 98103 should be prepared to move quickly, as the median days on market is just 9 days and the competition score is 92 out of 100. With median asking prices at $1,125,000 and price per square foot at $595.93, having financing fully in order before beginning a search is essential.

๐Ÿ“ˆInvestors

The rental market in 98103 shows 318 rental listings available, with median rent at $1,895 per month. A 2-bedroom rental asks $2,645 per month while the asking price for a 2-bedroom home is $729,000, so investors should carefully model cash flow against current mortgage rates before committing.

๐ŸฆRates

The 30-year fixed mortgage rate stands at 6.37% and the 15-year fixed rate at 5.72% as of this data period. Borrowers who can manage the higher monthly payments of a 15-year loan would save meaningfully on interest over the life of the loan compared to the 30-year option.

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Data sources: Rentcast ยท Zillow ยท Federal Reserve (FRED)

Market intelligence by FarmPosts