Is Seattle, WA 98104 a buyer’s or seller’s market?
Seattle is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 2% of U.S. ZIP codes, and #298 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 98104 sold above their list price, the typical home went under contract in 76 days and there were 6.4 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 26 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 4%, homes sold faster (78 days then) and the median sale price rose 26% to $524,773. Overall, Seattle is about as competitive as it was a year ago.
Within King County, homes here sell more slowly than in 99% 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 #298 of 298 WA ZIP codes with enough sales (score 8 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 98104
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 6.4 months of supply in Seattle, WA 98104 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 76 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 96.2% 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 $524,773 in the three months ending August 31, 2026, about $596 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