Market Update: What’s Really Happening in 98033 (Kirkland, WA) Right Now

Thinking about buying, listing, or simply staying informed about the Kirkland (98033) real estate market? Here’s your go-to snapshot for 2025—with up-to-date data that helps both homebuyers and sellers make confident, informed decisions.

Home Prices & Market Activity in 98033

• Average home value: $1,666,082, up 1.8% over the past year. Homes go pending in around 18 days.

• Median sale price (June 2025): About $1,735,500, with listing prices slightly higher.

• Redfin data (July 2025): Median sale price $1.725 million, a 0.43% decline year-over-year. Homes sell in about 21 days, up from 7 days last year.

  
  

Market vibe: Still competitive—but showing subtle signs of cooling compared to the peak earlier this year.

Pricing Trends Across Kirkland

• Redfin (July 2025): Median home price across Kirkland is $1.36 million, down 8.1% year-over-year. Homes sell in about 28 days.

• Estately (August 2025): About 15% of homes sold above asking price, down from 27% last year. Median sold price is $1.267 million.

Rental Market Snapshot

• 98033-specific rent: Average rent is $2,974/month, up slightly year-over-year.

• Kirkland average rent: About $3,095/month as of September 2025, up $100 month-over-month and $227 year-over-year.

• Apartments.com (Sept 2025):

  • Studio: $1,795

  • 1-bedroom: $2,339

  • 2-bedroom: $2,853

  • 3-bedroom: $3,279

Kirkland rents remain about 43% higher than the national average.

What This Means for Buyers & Sellers

Buyers

• Home prices in 98033 are stable or slightly up—still competitive.

• Broader Kirkland prices are down, offering some opportunities outside 98033.

• High rents mean buying could still make sense long-term.

Sellers

• Prices in 98033 are holding firm, with short pending periods.

• Across Kirkland, homes are taking longer to sell, so pricing strategy matters.

• High rental demand keeps the market strong for investment-minded buyers.

Tips for Moving Forward

Buyers

• Monitor trends every 30–60 days.

• Be ready to act quickly in 98033.

• Compare the cost of renting vs. buying carefully.

Sellers

• In 98033, expect strong interest if you price well.

• Elsewhere in Kirkland, staging and marketing could help your home stand out.

  
  

Bottom Line

The 98033 zip code remains resilient and competitive, with stable prices and quick sales. Broader Kirkland is showing signs of balance, and rising rents continue to fuel demand.

Want a Customized Market Snapshot?

Whether you’re buying, selling, or just curious, I’d love to send you a free, personalized market report for your specific neighborhood or property type.