Shoreline, WA 98155 Real Estate Market Report

ZIP Code: 98155
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

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 primary indicator of market value is the median sold price — $800,000 — which anchors recent transaction activity and should be treated as the representative recent sale level for valuation and comps; down year-over-year price momentum reinforces caution when setting aggressive list prices.

2. Liquidity measures point to slower transaction velocity: the median days on market is 208, which suggests extended marketing periods and that sellers may need to allow more time to reach contract; the marketTemperature is neutral, indicating a more balanced negotiation environment rather than a one-sided market.

3. There is a visible pricing spread between seller expectations and closed transactions: the median listing price is $948,000 versus the median sold price of $800,000, which suggests pricing friction and the need for conservative list strategies or targeted adjustments to close the gap; this dynamic appears consistent with elevated interest rate pressure affecting buyer purchasing power.

4. Rental and financing context: the median market rent is $2,300 and rent growth is up, which supports rental demand on a dollars basis, but elevated interest rate pressure (elevated) may constrain owner-occupier affordability and slow sales activity—favor pricing that reflects current financing headwinds when advising sellers or investors.

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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.

Shoreline, WA 98155 Real Estate Market Report

ZIP Code: 98155
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

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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. 396,500 is the primary indicator of recent market value, representing the median sold price and suggesting that completed transactions are anchoring neighborhood valuations; the market shows balanced to cooling transaction conditions.

2. The median listing price of 370,000 sits below the median sold price, which may indicate that final sale outcomes have exceeded asking levels in recent transactions rather than sellers overpricing; this gap suggests pricing friction between list expectations and realized sale prices.

3. Long selling timelines are evident with a median days on market of 257, which points to slower sales velocity and may signal increased negotiation time or buyer deliberation rather than immediate shortage-driven buying; expect extended time-to-contract to persist while market rebalances.

4. Macro and trend context shows year-over-year pricing is down, market temperature is neutral, rent trends are up, and interest rate pressure is elevated; combined, these signals imply the market is stabilizing with constrained active supply in analyzed samples and that financing costs and broader downward price pressure may moderate near-term upside — elevated interest rate pressure.

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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.