The Belltown, Seattle condo market is outperforming the city around it. Belltown's median sale price reached $550,000 for the three months ending May 2026, up 9.4 percent year over year per Redfin, while Seattle's citywide condo median fell 12.9 percent to $445,000 in January 2026, per seattlecondosandlofts.com.

That gap is the story of this report. One neighborhood posting a healthy annual gain while the wider condo market cools is unusual, and it changes how the headlines should be read here.

Below are the current numbers, each cited to its source and date range, followed by what they do and do not tell us. I refresh this report quarterly, so these figures reflect the most recent sourced data available as of July 2026.

The Belltown, Seattle Condo Market by the Numbers

Three sources anchor this edition. Per Redfin data covering the three months ending May 2026, Belltown's median sale price was $550,000, up 9.4 percent year over year. Realtor.com's Belltown condo search snapshot from July 2026 showed a median listing price of $529,000 across 147 active listings.

For citywide context, seattlecondosandlofts.com, a Seattle condo market publication, reported in February 2026 that the city's traditional-condo median was $445,000 in January 2026, down 12.9 percent year over year.

One note on the Redfin figure. It covers all Belltown home sales, but the neighborhood's housing stock is almost entirely condos and lofts, with high-rise towers, mid-rise buildings, and converted warehouses making up nearly all of it. In practice, the neighborhood median functions as a condo median.

What the Numbers Say About Belltown Condos

Start with the sale median. At $550,000 for the three months ending May 2026, Belltown closed that window roughly $105,000 above the citywide condo median recorded in January. The two figures cover different periods, so treat the gap as directional rather than exact.

The listing side reads differently. Realtor.com's July 2026 median asking price of $529,000 sits below the spring sale median. Those two numbers are not directly comparable, because one measures closed sales over a spring window and the other measures what sellers are asking in midsummer, with a different mix of units behind each.

What the $529,000 figure does suggest is an active pool weighted toward smaller and mid-priced units. With 147 condos listed in a compact neighborhood as of July 2026, buyers have real selection, and sellers have real competition.

Belltown vs the Citywide Seattle Condo Market

Now the divergence. While Belltown's median rose 9.4 percent through May 2026, per Redfin, Seattle's traditional-condo median fell 12.9 percent year over year to $445,000 as of January 2026, per the February 2026 report on seattlecondosandlofts.com.

The citywide softening shows up in more than one place. Broker Zac Lee's September 2025 Seattle condo guide put the citywide condo median at $525,000 that month, down from $575,000 a year earlier. Two independent reads, months apart, point the same direction: the wider Seattle condo market cooled through late 2025 and into early 2026.

On the sourced numbers above, Belltown did not follow. It held a median well above the citywide figure and posted a positive annual change while the city posted a double-digit decline.

Why Belltown Diverges, and What the Data Does Not Say

I want to be careful here. The figures establish that Belltown outperformed; they do not establish why, and I am not going to invent a cause or a forecast.

A few grounded cautions. Belltown is a small market, so the mix of units that happen to close in any three-month window can move the median without any individual condo changing value. The comparison windows also differ, January citywide versus a March-through-May neighborhood figure, which is another reason to read the gap as a direction rather than a precise spread.

What I can say is that the pattern fits how Belltown is built. This is one of Seattle's densest neighborhoods, nearly all condos and lofts, and its market can move independently of the citywide average. The 2026 data shows exactly that. If you are new to the area, my complete Belltown, Seattle neighborhood guide covers the neighborhood itself in depth.

What This Means for Belltown Buyers and Sellers

If you are buying, anchor on closed sales rather than asking prices. The $529,000 list median and the $550,000 sale median describe different pools of units, and the numbers that matter most are recent closings in the specific building you are considering.

Selection is on your side right now. With 147 active listings as of July 2026, you can compare buildings, floor plans, and price points before you commit to a direction. Browse the current Belltown, Seattle condos for sale to see how that inventory lays out, and I am glad to walk you through how a particular building has been trading.

If you are selling, the divergence cuts both ways. A rising neighborhood median does not price your unit, because floor, view, light, and monthly dues move value building by building in Belltown. Before you settle on a number, request a home valuation and I will build the analysis from sales in and around your building.

You will notice I am not telling anyone whether this is the moment to buy or sell. This report exists to put sourced numbers in front of you; the timing question belongs to your situation, and that is a conversation, not a headline.

How I Track the Belltown Condo Market

Every figure here carries its source and date range in the text, and I use only published numbers. When a metric I would like to include is not reliably sourced at write time, such as neighborhood-level days on market or the list-to-sale ratio, I leave it out rather than estimate it.

I refresh this report quarterly and watch the same measures each time, so the editions read as a series. For the longer arc behind this snapshot, my five-year Belltown, Seattle home values review traces how the neighborhood arrived at today's numbers.

Frequently Asked Questions

What is the median condo price in Belltown, Seattle?

Redfin data covering the three months ending May 2026 puts Belltown's median sale price at $550,000, up 9.4 percent year over year. Realtor.com's July 2026 snapshot shows a median listing price of $529,000. Sale prices reflect closed deals, while listing prices reflect what sellers are currently asking.

Is the Belltown condo market going up or down?

Belltown's median sale price rose 9.4 percent year over year to $550,000 for the three months ending May 2026, per Redfin. That is one metric over one window, so I read it alongside inventory and citywide data, but the direction in that period was clearly up.

How many condos are for sale in Belltown right now?

Realtor.com's July 2026 snapshot showed 147 active condo listings in Belltown. That number moves weekly as new units list and others go under contract, so treat it as a point-in-time reading. For a dense, condo-dominant neighborhood, it represents meaningful selection across buildings, floor plans, and price points.

Why is Belltown outperforming the citywide Seattle condo market?

The data shows the gap but not the cause. Belltown's median rose 9.4 percent while Seattle's citywide condo median fell 12.9 percent as of January 2026. In a neighborhood this size, the mix of units that happened to sell can move the median, so I avoid single-cause explanations.

How often is this Belltown condo market report updated?

I refresh this report quarterly with the latest sourced figures and date ranges, since a three-month-old number can misrepresent a market this compact. Each update keeps the same structure: median sale price, listing price, active inventory, and the citywide comparison, so you can track the trend across editions.

Where does the Belltown condo market data come from?

Every figure in this report is cited to its source and date range in the text: Redfin for Belltown's median sale price, Realtor.com for listing price and active inventory, and published Seattle condo market coverage for the citywide comparison. I do not use unsourced or estimated numbers.

If you are weighing a Belltown purchase or sale and want these numbers translated to your building and your unit, reach out through my contact page. I have spent more than 20 years in Seattle, I work with this data every quarter, and I will give you a calm, specific read on where you stand.