Is Seattle, WA 98101 a buyer’s or seller’s market?
Seattle is a buyer’s market. With about 10.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 4% of U.S. ZIP codes, and #296 of 298 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Seattle housing market right now
In the three months ending August 31, 2026, 0% of homes in Seattle, WA 98101 sold above their list price, the typical home went under contract in 54 days and there were 10.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 33 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 4%, homes sold more slowly (36 days then) and the median sale price fell 15% to $572,252. Overall, Seattle is less competitive than a year ago, which gives buyers more room.
Within King County, homes here sell more slowly than in 95% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Seattle ranks #296 of 298 WA ZIP codes with enough sales (score 11 out of 100).
Nearby, Seattle 98155 (43% sold over asking) and Seattle 98136 (41% sold over asking) are even more competitive.
Run the numbers for 98101
Nearby markets
Auburn 98001Seller’s market $342 /sq ftAuburn 98002Balanced $322 /sq ftAuburn 98092Balanced $324 /sq ftBaring 98224 $798 /sq ft Browse all markets →Towns like Seattle nearby
Find towns like Seattle in other states →Where Seattle is
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Questions about Seattle real estate
Is Seattle a buyer’s or seller’s market?
A buyer’s market: there were 10.5 months of supply in Seattle, WA 98101 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Seattle?
The typical home went under contract in 54 days in the latest three months.
Do homes in Seattle sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Seattle?
About 0.83% of a home’s value a year in King County, or roughly $3,320 on a $400,000 home.
What is the median home price in Seattle?
The median sale price was $572,252 in the three months ending August 31, 2026, about $657 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology