Is Kirkland, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kirkland is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Kirkland, WA cost?

Median Sold Price

$1,200,000

$797/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$88,692(+8.0%)

Key Takeaway

Homes in Kirkland have sold for 8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $350.4K$575K
+64.1%
2 $548.3K$615.5K
+12.3%
3 $1.1M$1.4M
+25.3%
4 $1.8M$2.1M
+17.1%
5+ $2.2M$3.2M
+41.7%

Median Sold Price Compared To Nearby Cities

Redmond
+22.1%
Bellevue
+21.0%
Seattle East
+16.1%
Kirkland
+8.0%

How many homes are available in Kirkland, WA?

Number of Homes For Sale

Oct 2022Nov 2022%
255201-21.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1921
+10.5%
2 8768
-21.8%
3 6250
-19.4%
4 5536
-34.5%
5+ 3226
-18.8%

Number of Homes Sold

Oct 2022Nov 2022%
8360-27.7%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kirkland, you may be able to get a good deal. 71.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
8 Days38 Days+335.0%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Kirkland, WA

There are 201 homes are for sale in Kirkland, WA real estate market. The number of homes for sale in Kirkland, WA decreased by 21.2% between October 2022 and November 2022. The median list price of listings available in November 2022 was $1,200,000, while the average time on the real estate market was 38 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 64.1% more expensive, 2 bedrooms properties prices increased by 12.3%, prices of 3 bedrooms properties went up by 25.3%, 4 bedrooms properties became 17.1% more expensive, 5 bedrooms properties prices increased by 41.7%. This housing market inventory have changed: 1 bedroom homes inventory increased by 10.5%, 2 bedrooms homes inventory decreased by 21.8%, 3 bedrooms homes became 19.4% less available, the quantity of 4 bedrooms homes went down by 34.5%, 5 bedrooms homes inventory decreased by 18.8%. Over 4 listings were sold over their listed price in November 2022 in Kirkland, WA. In the same period over 43 listings were sold below the listed price and 13 listings were sold for the listed price.

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