Seattle, WA 98103 Real Estate Market Report

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

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

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.

Market Trends & Context

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

Key Findings

1. $995,000 median sold price is the primary indicator of market value and recent transaction activity, signaling that completed transactions are clustering near this level rather than at asking prices.
2. There is a notable spread between $830,000 median listing price and $995,000 median sold price, which may indicate pricing friction or aggressive seller adjustments as the market resolves expectations versus final sale outcomes.
3. The market shows a year-over-year price direction of up while the market temperature is neutral, suggesting steady — not overheated — appreciation and a balanced negotiating environment.
4. With 114 median days on market, sales velocity appears slower than in faster-moving cycles and may reflect buyer caution or elongated decision timelines rather than outright illiquidity.
5. Interest rate pressure is characterized as elevated, and property rate comparison notes current rates near 6.5% versus a 6.18% early-2026 average, which may be constraining some price-sensitive buyers and supporting more measured market movement.

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.