Is Seattle, WA 98122 a buyer’s or seller’s market?

The Seattle housing market right now

In the three months ending August 31, 2026, 21% of homes in Seattle, WA 98122 sold above their list price, the typical home went under contract in 24 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 112 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (22% then), homes sold more slowly (21 days then) and the median sale price fell 9% to $847,633. Overall, Seattle is about as competitive as it was a year ago.

Within King County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 59%. On our competition score, Seattle ranks #164 of 298 WA ZIP codes with enough sales (score 56 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.