98116 Home Values & Market Trends
There are 674 homes currently listed for 98116. 98116 real estate market trends show that home prices range from $5,000 to $4,700,000, and the median sales price in the 98116 zip code is $985,033. The total number of properties sold within the past twelve months is 408. In 98116, 6 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.
98116 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Seattle | $ 820,097 $ 580/sqft |
Housing Market Summary for 98116
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $950K | $975K | 2.63% |
| Median Sold Price | $1M | $937.9K | -6.65% |
| Homes For Sale | 513 | 670 | 30.60% |
| Homes Sold | 198 | 145 | -26.77% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 98116
Browse Homes in 98116
The median list price of a home in Seattle, is $985,033. A total of 674 properties are for sale, and the percentage of properties for sale in the zip code is 674.00%. The total count of 98116 properties is 834.
- Pre-ForeclosurePre-foreclosure homes account for 0.12% of all residential properties in 98116 with seattle containing 37 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 98116; of that cities, the estimated home value for pre-foreclosure homes ranges from $2,033,782 in seattle to the lowest home value of $202,101 in seattle.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 98116 ranges from the highest value of $1,925,000 in seattle to the lowest value of $132,636 in seattle. Bank owned homes and properties account for 0.12% of properties in 98116. There is 1 cities within 98116; seattle containing 29 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsseattle has 101 auction properties, the highest number of properties going to auction in a single city in the state of 98116. Auction homes and other auction properties account for 0.48% of all properties in 98116. There is 1 cities within 98116; of that cities, the median estimated home value for homes going to auction ranges from $2,900,000 in seattle to the lowest value of $167,145 in seattle.
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Guide for 98116
Washington Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
