Is King County, WA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing King County is a seller's market


Difference Since August 2022

Since last year, King County has remained a Seller's Market.

Key Takeaway

King County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in King County, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in King County have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in King County was $793,258 in August 2023, down 0.9% from last year, and the median price per square foot was $482.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $415K$404.5K
2 $605.6K$599.5K
3 $802.8K$784.4K
4 $1.0M$1.0M
5+ $1.3M$1.3M

Summary: King County housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Counties

Kittitas County
King County
Snohomish County
Pierce County
Chelan County

Housing Supply

How many homes are available in King County, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The King County real estate market had 7,166 homes for sale in August 2023, a 4.4% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 487544
2 1,5011,625
3 2,1812,245
4 1,8181,829
5+ 879923

Summary: The King County housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

760 Homes Were Sold
Under Asking

579 Homes Were Sold
At Asking

787 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King County, you could pay more than the asking price. 37% of homes here sold above asking price last month.

Summary: A total of 2,126 homes were sold or pending in King County in August 2023, down by 0.6% month-over-month. Of the 2,126 sold homes, 36% were sold under asking, 27% were sold at asking, and 37% were sold over asking.

Days on Market

How long does it take to sell a home in King County, WA?

Average Sale Time

Aug 2022Aug 2023CHANGE
22 Days22 Days-0.1%

Summary: Homes in King County had an average of 22 days on market in Aug 2023, down by 0.1% compared to last year.

Breakdown of Home Sale Times

1,646 Homes Were Sold
Under 30 Days

372 Homes Were Sold
In 30 - 90 Days

108 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in King County are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 2126 homes were sold in King County; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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Nearby Markets

What housing markets are near King County, WA?