HomeMarketCap.com1 of 22 tracked Seattle ZIPs still show rent acceleration, so the softening is uneven rather than citywide. Across tracked ZIPs the typical home value runs from $544,576 in 98121 to $1,362,281 in 98112 — a factor of 2.5. New-construction sales changed -12.07% year over year. The median tracked ZIP records about 69 pending homes per 100 new listings.
Key stats
- Across tracked ZIPs the typical home value runs from $544,576 in 98121 to $1,362,281 in 98112 — a factor of 2.5.
- The median tracked ZIP records about 69 pending homes per 100 new listings.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 29.8.
- New-construction sales changed -12.07% year over year.
- Tracked ZIP markets
- 22
- Median ZIP home value
- $815,787
- Median ZIP rent
- $2,279
- housing cost spread
- Across tracked ZIPs the typical home value runs from $544,576 in 98121 to $1,362,281 in 98112 — a factor of 2.5.
- new construction change
- New-construction sales changed -12.07% year over year.
- median pending flow
- The median tracked ZIP records about 69 pending homes per 100 new listings.
How broad is rent softening?
Metro new-construction sales changed -12.07% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules