Is Seattle, WA 98134 a buyer’s or seller’s market?
Seattle is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Seattle housing market right now
In the three months ending August 31, 2026, 0% of homes in Seattle, WA 98134 sold above their list price, the typical home went under contract in 43 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (6 days then) and the median sale price rose 178% to $764,669. Overall, Seattle is less competitive than a year ago, which gives buyers more room.
Within King County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Seattle 98155 (43% sold over asking) and Seattle 98136 (41% sold over asking) are even more competitive.
Run the numbers for 98134
Nearby markets
Auburn 98001Seller’s market $342 /sq ftAuburn 98002Balanced $322 /sq ftAuburn 98092Balanced $324 /sq ftBaring 98224 $798 /sq ft Browse all markets →Where Seattle is
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Questions about Seattle real estate
Is Seattle a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Seattle, WA 98134 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 43 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 99.5% 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 $764,669 in the three months ending August 31, 2026, about $423 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