4-week rolling average · Data through March 12, 2026 · ZIP 98117
The 98117 zip code in Seattle is running extremely hot, sitting at the 94th percentile for market temperature with a median sale price of $999,000 that significantly outpaces the median list price of $849,950. Homes are moving in a median of just 7 days, and active inventory stands at only 191 homes, signaling intense demand with very limited supply. At $555.02 per square foot, buyers are paying a premium to live in this sought-after Seattle neighborhood.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $500K | $2K/mo |
| 2BR | $688K | $3K/mo |
| 3BR | $949K | $4K/mo |
| 4BR | $1000K | $4K/mo |
| 5BR | $1.58M | — |
| 6BR | $1.58M | — |
| 7BR | $1.18M | — |
With homes selling in a median of just 7 days and sale prices running well above the median list price of $849,950, sellers are in a strong position to command top dollar right now. Active inventory of only 191 homes means your competition is limited, making this one of the most favorable selling environments in recent memory.
Buyers should be prepared to act quickly in this market, as the median days on market is only 7 and the median sale price of $999,000 reflects offers coming in well above the $849,950 list price. Entry points do exist at lower price tiers, with 2-bedroom homes at a median of $688,000, so defining your budget and getting pre-approved before touring is essential.
The median rent of $2,479 against a median sale price of $999,000 reflects a gross rent yield of roughly 2.98%, which is modest and suggests this market rewards long-term appreciation more than immediate cash flow. Smaller units may offer better yield potential, as studio rents start at $1,300 with purchase prices at $299,000, producing a more competitive return profile within the same zip code.
The current 30-year fixed mortgage rate of 6.00% and 15-year rate of 5.43% are meaningful factors when financing a $999,000 median-priced home, as monthly principal and interest on a 30-year loan at 6% with 20% down would exceed $4,700. Buyers who can qualify for the 15-year option at 5.43% will pay significantly less interest over the life of the loan, though the higher monthly payment requires strong income to support at this price point.
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Market intelligence by FarmPosts