Seattle 98112

King County, WA · 6,755 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

15affordability /100

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

Payment burden
51.7%
severe
Days on market
10
daily
Price cuts
16.7%
of active
Valuation
+106.5%
vs assessor
Look up an address
23
/100
Weak
stable · seller advantage · prices easing year-over-year.
Price trend
42
Affordability
10
Valuation
20
Economic health
15

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

62/ 100SellerBalancedBuyer
Negotiate Hard
Needs 42% correction for affordability
DOM: 50d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)10
Supply & Demand (20%)85
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)60

Moderate buyer leverage in 98112. Room to negotiate 5-10% below list. Payment burden: 51.7% of median income. A 32% price correction needed to reach 30% affordability threshold. Median days on market: 50. Renting is approximately 328% cheaper than buying (price-to-rent ratio: 51.4).

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 ADVANTAGE

Market is holding steady with balanced conditions. Sellers are firmly in control. Prices down 1.3% YoY.

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Market snapshoteach number, once

Median price
$1,381,174
▾ 1.3% YoY
Days on market
10
daily · zip_data
Median rent
$2,238
ZORI
Investor score
22/100
cash-flow lens
Active listings
69
90-day

Valuation3 lenses, different anchors

vs assessor
+106.5%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$2,852,000
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-income8.5×

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How 98112 ranks in WA
percentile vs all Washington ZIPs · n=581
Market velocity86%
Supply tightness47%
Affordability10%
Investment yield7%
Appreciation20%

Affordability, supply & momentum

39SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply11.8 mo
Days on Market10d
Inv vs History+11.5%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$6,977
Payment burden51.7%
Median income · ZIP$162,073
Mortgage rate6.49% · 30yr
Total monthly own$8,358
Monthly rent$2,238
Market dynamics
Price cut %16.7%
Momentumstable
LeverageSELLER ADVANTAGE
Months of supply11.8
Sales (90d)0
Investment analysis
Median rent$2,238
Price-to-rent51.4
Est. cap rate1.3%
Buy vs rentfavors renting

Livability

Walk score38
Transit score41
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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