Seattle 98108

King County, WA · 7,572 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

23affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
46.8%
severe
Days on market
18
daily
Price cuts
21.9%
of active
Valuation
+193.4%
vs assessor
Look up an address
24
/100
Weak
stable · seller slight · prices easing year-over-year.
Price trend
42
Affordability
10
Valuation
20
Economic health
23

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

66/ 100SellerBalancedBuyer
Negotiate Hard
Needs 35.9% correction for affordability
DOM: 46d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)60

Moderate buyer leverage in 98108. Room to negotiate 5-10% below list. Payment burden: 46.9% of median income. A 25% price correction needed to reach 30% affordability threshold. Median days on market: 46. Renting is approximately 122% cheaper than buying (price-to-rent ratio: 26.6).

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLESELLER SLIGHT

Market is holding steady with balanced conditions. Sellers hold a slight edge. Prices down 1.6% YoY.

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Market snapshoteach number, once

Median price
$701,752
▾ 1.6% YoY
Days on market
18
daily · zip_data
Median rent
$2,195
ZORI
Investor score
31/100
cash-flow lens
Active listings
64
90-day

Valuation3 lenses, different anchors

vs assessor
+193.4%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$2,059,250
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+69.0%
County-wide market — the widest, slowest signal.
King+69.0%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft
Price-to-income7.7×

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How 98108 ranks in WA
percentile vs all Washington ZIPs · n=581
Market velocity65%
Supply tightness49%
Affordability19%
Investment yield51%
Appreciation16%

Affordability, supply & momentum

32SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply13.2 mo
Days on Market18d
Inv vs History+34.5%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$3,545
Payment burden46.8%
Median income · ZIP$90,806
Mortgage rate6.49% · 30yr
Total monthly own$4,247
Monthly rent$2,195
Market dynamics
Price cut %21.9%
Momentumstable
LeverageSELLER SLIGHT
Months of supply13.2
Sales (90d)0
Investment analysis
Median rent$2,195
Price-to-rent26.6
Est. cap rate2.4%
Buy vs rentfavors renting

Livability

Walk score11
Transit score42
Bike score

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King County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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