Is Belltown, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Belltown was a Seller's Market.
Key Takeaway
Belltown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Belltown, WA
How much do homes in Belltown, WA cost?
Median Sold Price
$535,975
$699/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belltown have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Belltown was $535,975 in April 2024, down 0.5% from last year, and the median price per square foot was $699.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $467K | $465K | -0.4% |
| 2 Bedrooms | $754.5K | $730K | -3.2% |
| 3 Bedrooms | $1.5M | $2.6M | +65.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Belltown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 65.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Denny Regrade | $682.5K | $835K | +22.3% |
| Pike Market | $725K | $783K | +8.0% |
| Lower Queen Anne | $577K | $604.9K | +4.8% |
| Belltown | $538.7K | $535.9K | -0.5% |
| Belltown / Waterfront | $580K | $575K | -0.9% |
Housing Supply in Belltown, WA
How many homes are available in Belltown, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 49 | +28.9% |
Summary: The Belltown real estate market had 49 homes for sale in April 2024, a 28.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 34 | +47.8% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Belltown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 47.8%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Belltown, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Belltown in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Belltown, WA
How long does it take to sell a home in Belltown, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 61 Days | +53.4% |
Summary: Homes in Belltown had an average of 61 days on market in Apr 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belltown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Belltown; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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.