Is Seattle, WA 98121 a buyer’s or seller’s market?

The Seattle housing market right now

In the three months ending August 31, 2026, 3% of homes in Seattle, WA 98121 sold above their list price, the typical home went under contract in 59 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 66 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (3% then), homes sold more slowly (40 days then) and the median sale price fell 24% to $498,284. Overall, Seattle is less competitive than a year ago, which gives buyers more room.

Within King County, homes here sell more slowly than in 96% of the county’s ZIP codes, and sell less often over asking than in 91%. On our competition score, Seattle ranks #293 of 298 WA ZIP codes with enough sales (score 13 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.