ZIP Code Market Report
98121 — Seattle, WA
Data through February 2026 · Updated monthly
Avg Home Value
$572,691
▼ 3.9% year-over-year
Month-over-Month
-0.0%
▼ 0.0%
Single Family
--
Condo / Co-op
$567,262
The average home value in the 98121 ZIP code (Seattle, WASHINGTON) is $572,691 as of February 2026. Home prices are declining, down 3.9% compared to last year.
A 3-bedroom home in 98121 is valued at $1,658,041. 1-bedroom units start around $473,507.
The market in 98121 has a $577,905 spread between bottom-tier homes at $398,851 and top-tier homes at $976,756. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 98121 ZIP code will decrease 0.5% over the next 12 months, bringing the projected average to approximately $569,827. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Pierce County market area in WASHINGTON. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Pierce County report.
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Market Snapshot
98121 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $578,028 | $572,841 | $572,691 | ▼ 0.9% |
Home Values
98121 Home Value Trend
Historical home values for ZIP code 98121. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 98121
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $473,507 |
| 2 Bedrooms | $866,458 |
| 3 Bedrooms | $1,658,041 |
Property Types
Home Values by Property Type in 98121
How different property types compare in this ZIP code.
All Homes
$572,691
Condo / Co-op
$567,262
Bottom Tier
$398,851
Top Tier
$976,756
Forecast
12-Month Home Value Forecast for 98121
Zillow projects home values in 98121 will decrease 0.5% over the next year, reaching approximately $569,827.
Current Value
$572,691
Projected Change
-0.5%
▼ 0.5%
Projected Value
$569,827
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 98121 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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