Is Seattle, WA 98118 a buyer’s or seller’s market?

The Seattle housing market right now

In the three months ending August 31, 2026, 26% of homes in Seattle, WA 98118 sold above their list price, the typical home went under contract in 13 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 125 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold faster (18 days then) and the median sale price held steady to $794,556. Overall, Seattle is more competitive than a year ago, so tougher for buyers.

Within King County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Seattle ranks #72 of 298 WA ZIP codes with enough sales (score 68 out of 100).

Nearby, buyers who want less competition could look at Skykomish 98288 (0% sold over asking) or Baring 98224 (0% sold over asking), while Seattle 98155 (43% sold over asking) and Seattle 98136 (41% sold over asking) are even more competitive.