98040 — King County, Washington Market Snapshot
Housing market data for zip code 98040 in King County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
63 sales in 2026 (year to date)
Median Sale Price
$2,550,000
Days to Sell
9
Homes Sold
63
Inventory
43
Sale-to-List
98.4%
New Listings
103
Price/SqFt
$774
Pending Sales
70
Jumbo Loan Likely Needed
The median home in 98040 at $2,550,000 exceeds the 2026 conforming loan limit of $1,063,750 by $1,486,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
98040 is an extremely competitive market with homes selling in just 9 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 98040 (98.4% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 98040 at $2,550,000 exceeds the 2026 conforming loan limit of $1,063,750 by $1,486,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 98040 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 98040
To purchase the median home at $2,550,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $19,687.
Monthly Payment
$19,687
Income Required
$843,741
Principal & Interest
$15,712/mo
Down Payment (5%)
$127,500
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 98040.
Estimated Monthly Payment
$15,931
Jumbo loan required. Loan amount exceeds the $1,063,750 conforming limit for 98040.
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