Home Values

98106 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$297,500

  • 7.1% 1-year change
  • 4.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in 98106 is $297,500. 98106 home values have gone up 7.1% over the past year and Zillow predicts they will rise 4.8% within the next year. The median list price per square foot in 98106 is $213, which is lower than the Seattle average of $337. The median price of homes currently listed in 98106 is $321,953 while the median price of homes that sold is $300,810.

Foreclosures will be a factor impacting home values in the next several years. In 98106 5.6 homes are foreclosed (per 10,000). This is greater than the Seattle value of 3.0 and also greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 98106 is 6.3%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 98106 homeowners underwater on their mortgage is 16.4%, which is higher than Seattle at 9.7%.

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Relative ZHVI
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98106 Market Overview

Data through Oct 31, 2014
  • $297,500 ZHVI
  • 4.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $321,953 Median listing price
  • $300,810 Median sale price
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98106 Market Health

Data through Oct 31, 2014
  • 6.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 16.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.6 homes 98106
3 homes Seattle
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
98116 $511,800
98136 $481,900
98101 $433,100
Name Median ZHVI
98104 $403,700
98126 $380,900
98108 $343,000
Name Median ZHVI
98146 $289,600
 
 

Listings & Sales

Data through Oct 31, 2014
  • $213 Median list price / sq ft
  • $216 Median sale price / sq ft
  • 31.5% Listings with price cut
12.7%
Sold below listing
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98106 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,726 98106
    $2,184 Seattle
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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