Seattle, WA 98103 Real Estate Market Report

ZIP Code: 98103
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator, median sold price, is 956,000, and should be treated as the authoritative recent-market value when setting comps or advising sellers; use transaction-based pricing rather than asking prices.

2. There is a divergence between median listing price (915,000) and median sold price (956,000), which suggests a pricing dynamic where recent closed transactions exceed current asking baselines and may indicate pricing friction between seller expectations and executed sales.

3. Median days on market is 134, which signals slower sales velocity and a longer time-to-contract than typical fast-turn neighborhoods; this may indicate increased buyer negotiating power and softer near-term liquidity.

4. Median price per square foot is 642 alongside a median market rent of 1,895; with price year-over-year trend reported as up and rent year-over-year trend also up, the market shows modest appreciation while the overall market temperature remains neutral and interest rate pressure is moderate, supporting a balanced-to-slightly-warm outlook for SFR and condo assets.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Seattle, WA 98103 Real Estate Market Report

ZIP Code: 98103
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The neighborhood’s primary market indicator, median sold price is $543,950, which anchors local valuation and suggests recent closed transactions are pricing above the median listing price of $480,000; sellers and appraisers should use $543,950 as the representative recent sale benchmark when reconciling offers to market value.

2. Long median days on market of 273 suggests slower sales velocity and increased buyer negotiating leverage; combined with a neutral market temperature, this appears to favor careful pricing and responsive seller concessions rather than aggressive list-price increases.

3. Median price per square foot at $616 combined with a median market rent of $2,400 signals high per-unit area pricing—this implies pricing sensitivity for smaller units and that rental comparisons should be used cautiously when evaluating investment potential.

4. Inventory dynamics show relatively constrained active supply in the analyzed sample, which, together with a year-over-year price trend that is up, suggests balanced to slightly warm conditions where disciplined pricing and realistic concessions will be decisive; note interest rate pressure is moderate, which may temper buyer urgency and financing flexibility.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.