98023 — King County, Washington Market Snapshot
Housing market data for zip code 98023 in King County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$304,175
Days to Sell
20
Homes Sold
12
Inventory
16
Sale-to-List
98.5%
New Listings
24
Price/SqFt
$288
Pending Sales
18
Conforming Loan Available
Most homebuyers in 98023 can comfortably use conventional financing. The median home price of $304,175 is well below the 2026 conforming loan limit of $1,063,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 98023 are moving quickly at 20 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 98023 (98.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 98023 can comfortably use conventional financing. The median home price of $304,175 is well below the 2026 conforming loan limit of $1,063,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 98023 are set at the county level.
2026 Loan Limits — King County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,063,750 | $1,063,750 |
| 2 Units | $1,361,800 | $1,361,800 |
| 3 Units | $1,646,100 | $1,646,100 |
| 4 Units | $2,045,700 | $2,045,700 |
Affordability Snapshot — Zip 98023
To purchase the median home at $304,175 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,480.
Monthly Payment
$2,480
Income Required
$106,307
Principal & Interest
$1,874/mo
Down Payment (5%)
$15,209
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 98023.
Estimated Monthly Payment
$2,032
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