4-week rolling average · Data through March 12, 2026 · ZIP 98103
The 98103 zip code in Seattle is an intensely competitive market, with a median sale price of $1,125,000 running well above the median list price of $899,500, reflecting strong buyer demand and frequent above-ask offers. At just 9 days on market and a competition score of 92 out of 100, homes are moving extremely fast with limited time for buyers to deliberate. With 317 active listings and a median price per square foot of $595.93, supply is constrained relative to the level of buyer activity in this neighborhood.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $425K | $2K/mo |
| 2BR | $729K | $3K/mo |
| 3BR | $980K | $4K/mo |
| 4BR | $1.30M | $4K/mo |
| 5BR | $1.50M | — |
| 6BR | $1.58M | $8K/mo |
| 7BR | $1.52M | — |
| 8BR | $1.40M | — |
Sellers in 98103 hold significant leverage, as the median sale price of $1,125,000 is running $225,500 above the median list price of $899,500. With a median of just 9 days on market, well-positioned homes are drawing strong buyer interest and closing quickly.
Buyers entering the 98103 market should expect to pay well above asking price, as the median sale price of $1,125,000 exceeds the median list price of $899,500 by $225,500. With 317 active listings and a competition score of 92 out of 100, securing financing in advance and acting decisively are essential strategies in this fast-moving market.
The rental market in 98103 shows a median rent of $1,895 against a median sale price of $1,125,000, producing a modest gross yield that requires careful evaluation against carrying costs and financing expenses. A 3-bedroom rental commands $3,795 per month while the median 3-bedroom sale price sits at $980,000, making bedroom count a critical variable in any investment return analysis.
The current 30-year fixed mortgage rate of 6.37% results in a substantial monthly payment on a $1,125,000 home, and buyers should model their full cost of ownership carefully before committing to this high-priced market. Qualified buyers may find the 15-year fixed rate of 5.72% reduces total interest paid over time, though the higher monthly payments on the shorter term demand strong and stable income.
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Market intelligence by FarmPosts