Is SeaTac, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, SeaTac has remained a Seller's Market.
Key Takeaway
SeaTac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in SeaTac, WA
How much do homes in SeaTac, WA cost?
Median Sold Price
$535,000
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in SeaTac have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in SeaTac was $535,000 in May 2024, down 2.4% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $247.5K | -31.3% |
| 2 Bedrooms | $418K | $413.4K | -1.1% |
| 3 Bedrooms | $525K | $547.5K | +4.3% |
| 4 Bedrooms | $635K | $640K | +0.8% |
| 5+ Bedrooms | $845K | $783.7K | -7.2% |
Summary: SeaTac housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in SeaTac, WA
How many homes are available in SeaTac, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 51 | +10.9% |
Summary: The SeaTac real estate market had 51 homes for sale in May 2024, a 10.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The SeaTac housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in SeaTac, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in SeaTac in May 2024, up by 21.4% month-over-month. Of the 17 sold homes, 18% were sold under asking, 59% were sold at asking, and 24% were sold over asking.
Days on Market for SeaTac, WA
How long does it take to sell a home in SeaTac, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | +4.9% |
Summary: Homes in SeaTac had an average of 18 days on market in May 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in SeaTac are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in SeaTac; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.