Seattle, WA 98103 Real Estate Market Report

ZIP Code: 98103
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The median sold price in Seattle, WA (ZIP: 98103) stands at $975,000, reflecting a market that has shown signs of stabilization. This price point indicates a slight downward trend, as the market appears to be adjusting to current economic conditions. Homes are experiencing longer selling times, with a median of 175 days on market, which suggests that buyers are gaining more negotiating power in this environment.

With elevated inventory levels relative to sales activity, the market is transitioning towards a more balanced state. The median listing price is recorded at $898,000, indicating a notable gap between asking and sold prices, which may create pricing friction for sellers. Overall, the market temperature is neutral, suggesting a period of adjustment rather than rapid growth or decline, while rental demand remains strong with a median market rent of $3,570.

---

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.

---

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.

---

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.

---

Property Taxes

---

Liquidity & Velocity

---

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Seattle, WA are averaging 6.38% as of March 26, 2026, which is 0.5% higher than the average rate of 5.99% observed in January 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $975,000 indicates a market adjusting to economic conditions, with potential pricing friction for sellers.

2. Homes are taking longer to sell, with a median days on market of 175, suggesting slower sales velocity.

3. The median listing price of $898,000 shows a significant gap compared to the sold price, indicating potential pricing challenges for sellers.

4. Elevated inventory levels relative to sales activity suggest moderate transaction volume in the market.

5. Rental demand remains strong, with a median market rent of $3,570, reflecting growing rental interest despite stabilized rent growth.

---

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.