The 98116 housing market is most competitive. Homes in 98116 receive 2 offers on average and sell in around 21 days. The median sale price of a home in 98116 was $948K last month, down 1.3% since last year. The median sale price per square foot in 98116 is $625, up 4.5% since last year.
In February 2025, 98116 home prices were down 1.3% compared to last year, selling for a median price of $948K. On average, homes in 98116 sell after 21 days on the market compared to 23 days last year. There were 68 homes sold in February this year, up from 63 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$947,500
-1.3% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
98116, WA
$947,500
-1.3%
United States
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How hot is the 98116 housing market?
98116 is most competitive. Homes sell in 10 days.
0
100
90
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 10 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
98116, WA
100.6%
+0.3 pt
United States
Home offer insights for 98116
Explore recent offers and recently sold homes in 98116
Recent offers
Offer Not Accepted|
3 Weeks Ago
~$1M Offer
Sold for $1M
5bd | 2.75ba | ~3,000sqft
Over List Price
0%
Days on Market
3
Competing Offers
1
Down Payment
—
Aaron Freeman
98116 Redfin Agent
My Buyers submitted an offer that did not escalate and included all contingencies (e.g. finance & inspections). The other Buyer's offer released earnest money and waived all inspection contingencies.…
More
Offer Not Accepted|
4 Weeks Ago
~$1.25M Offer
Sold for $1.5M
4bd | 2.5ba | ~2,000sqft
Over List Price
0%
Days on Market
7
Competing Offers
3
Down Payment
—
Julie Granahan
98116 Redfin Agent
We were 3rd place out of 4. Winning offer escalated over $1.4 million. My buyers didn't want to go any higher than $1.35. We were cash and waived all the contingencies. …
More
Offer Not Accepted|
6 Weeks Ago
~$1.25M Offer
Sold for $1.25M
3bd | 2.5ba | ~2,250sqft
Over List Price
0%
Days on Market
4
Competing Offers
1
Down Payment
—
Julie Granahan
98116 Redfin Agent
One other offer, terms were the same, but it escalated to over $1.3 million, and my clients didn't want to escalate over list price. …
More
Offer Not Accepted|
11 Weeks Ago
~$1M Offer
Sold for $1.25M
4bd | 1.75ba | ~2,250sqft
Over List Price
0%
Days on Market
5
Competing Offers
5
Down Payment
—
David Palmer
98116 Redfin Agent
View houses in 98116 that sold recently
Recently sold homes
SOLD APR 25, 2025
$961,250 Last Sold Price
3 beds
2 baths
1,343 sq ft
3001 62nd Ave SW, Seattle, WA 98116
Chris Kallin • Realogics Sotheby's Int'l Rlty COMPASS
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 98116 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 98116.
Flood Factor - Moderate
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
98116 has a moderate risk of flooding. 232 properties in 98116 are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in 98116. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
98116 has a moderate risk of wildfire. There are 2 properties in 98116 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 98116.