This study constructs a digital elevation model of the coastal waters of the Shandong Peninsula using GIS-based interpolation methods to investigate the 15-year characteristics of seabed scouring and siltation. It utilizes depth data of the Shandong Peninsula’s offshore area between 2004 and 2006 and 2017 and 2019. The results indicated that the Shandong Peninsula’s coastal-water seabed is characterized by integral siltation and local point scouring. In addition, the northwest Shandong Peninsula is dominated by siltation, mainly distributed between 2 and 5 m isobaths, with the largest siltation area located in Laizhou Bay. The net volume of siltation is 2.13 × 108 m3, the siltation rate is 0.152 × 108 m3.a−1, and the scouring is concentrated in the estuary and the west coast of Laizhou Bay. Scouring and siltation balance generally characterize the seabed in the northern coastal waters of the Shandong Peninsula, and the degree of scouring and siltation is weak. The siltation occurs primarily near the land area, while scouring occurs as the sea deepens. In the northeast of the Shandong Peninsula, the degree of scouring and siltation is extreme, and their distribution range is small, whereas in the south, siltation is distributed in large bays and straight coastal offshore waters, and its degree is relatively weak. At the southernmost end of the study area, the scouring and siltation in Jiaozhou Bay are spatially distributed and balanced. In reality, the key factors affecting the distribution of coastal-seabed scouring and siltation are materials transported by river sediment, coastal scouring, and human activities.