98117 — King County, Washington Market Snapshot
Housing market data for zip code 98117 in King County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
52 sales in 2026 (year to date)
Median Sale Price
$739,950
Days to Sell
41
Homes Sold
52
Inventory
29
Sale-to-List
99.7%
New Listings
55
Price/SqFt
$535
Pending Sales
43
Conforming Loan Available
Most homebuyers in 98117 can comfortably use conventional financing. The median home price of $739,950 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
98117's market is balanced with homes taking an average of 41 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 98117 (99.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 98117 can comfortably use conventional financing. The median home price of $739,950 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 98117 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 98117
To purchase the median home at $739,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,819.
Monthly Payment
$5,819
Income Required
$249,397
Principal & Interest
$4,559/mo
Down Payment (5%)
$36,998
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 98117.
Estimated Monthly Payment
$4,729
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