The story of this market
The typical home in ZIP 98101 sells for about $861,166, or $650 per square foot.
Prices are down 15.5% from a year ago, which gives buyers more room to negotiate. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $2,483 a month.
ZIP 98101 — Seattle
The 98101 housing market is currently experiencing a cooling phase, with median prices down 15.5% year-over-year and sales volume significantly lower. High interest rates and a shift in urban demand are driving this softening, despite the area's high income and strong employment base. Inventory remains tight, but the market is clearly adjusting to a new price equilibrium.
This ZIP is best suited for urban professionals, commuters, and investors who prioritize proximity to downtown employment, transit, and city amenities over suburban space.
Median prices moved down 15.5% year over year.
Homes spend a median of 42 days on market with 4.6 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 10.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 98101, King County WA
The area experiences higher rates of property and violent crime compared to regional averages, typical of a dense urban core.
Public schools serving the area are part of Seattle Public Schools, with performance ratings varying significantly by specific school site.
The area is primarily an urban environment with low wildfire risk, though it faces standard regional earthquake and windstorm preparedness requirements.
The area serves as a major employment hub for Seattle, featuring significant corporate presence and ongoing high-density mixed-use development.
Property taxes are assessed by King County based on local levies and state-mandated school funding requirements; no state income tax applies.
Residents benefit from high walkability and extensive access to public transit, including light rail and bus corridors connecting to the broader Seattle employment core.
The area offers immediate access to urban amenities, including Pike Place Market, the Seattle Art Museum, and proximity to the waterfront and downtown parks.
The rental market is highly active with a high renter share, characterized by a mix of luxury high-rise apartments and urban condos.
The economy is driven by technology, retail, and professional services, with major employers including Amazon and various downtown corporate headquarters.
The area is the central hub for King County Metro and Sound Transit, providing extensive bus and light rail connectivity.
The area is subject to ongoing urban densification and transit-oriented development plans.
Parcels are subject to Seattle Public Schools and various municipal utility districts.
Standard urban property insurance applies; premiums are influenced by regional seismic and fire risk factors.
Data retrieved from Census Reporter and ZipCodeDex.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Sky Zone Trampoline Park4.111.5 mi
- Tukwila Family Fun Center & Bullwinkle's Restaurant4.310.8 mi
- Sky Zone Trampoline Park4.111.9 mi
- Round1 Bowling & Arcade410.9 mi
- Seattle Children's Museum4.31.1 mi
- T-Mobile Park4.71.2 mi
- Climate Pledge Arena4.51.2 mi
- Lumen Field4.60.9 mi
- Paramount Theatre4.70.4 mi
- Topgolf Renton4.19.9 mi
- Space Needle4.61 mi
- Pike Place Market4.60.3 mi
- Westfield Southcenter4.411 mi
- Woodland Park Zoo4.64.2 mi
- Gas Works Park4.72.6 mi
- Pike Place Market4.60.3 mi
- Gas Works Park4.72.6 mi
- The Museum of Flight4.86.5 mi
- Chihuly Garden and Glass4.71.1 mi
- Museum of Pop Culture4.51.1 mi
- Gas Works Park4.72.6 mi
- Kerry Park4.81.8 mi
- Golden Gardens Park4.76.5 mi
- Discovery Park4.85.2 mi
- Marymoor Park4.710.7 mi
- Pier 664.50.7 mi
- Shilshole Bay Marina4.66.1 mi
- Fishermen's Terminal4.63.9 mi
- Elliott Bay Marina Inc4.63 mi
- Seattle Yacht Club4.62.9 mi
- Topgolf Renton4.19.9 mi
- Willows Run Golf Complex410.4 mi
- Interbay Golf Center4.53.1 mi
- Bill Wright Golf Complex At Jefferson Park4.33.2 mi
- Jackson Park Golf Course4.18.3 mi
- Bellevue Square4.56.2 mi
- Pike Place Market4.60.3 mi
- Westfield Southcenter4.411 mi
- University Village4.64.1 mi
- Uwajimaya Seattle4.60.9 mi
- Paine Field4.720.9 mi
- Seattle-Tacoma International Airport (SEA) Parking Garage3.411.5 mi
- King County International Airport - Boeing Field4.55.2 mi
- Kenmore Air - Lake Union4.61.4 mi
- Kenmore Air - Lake Washington4.510.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic public market and major tourist destination.
Major cultural institution in the downtown core.
Home to the Seattle Symphony.
Waterfront green space with outdoor art installations.
Key-figure check: median price diverges 27.4% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $625,000 (-27.4% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.