Is Sammamish, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Sammamish has remained a Seller's Market.
Key Takeaway
Sammamish is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Sammamish, WA cost?
Median Sold Price
$1,503,875
$558/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Sammamish have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Sammamish was $1,503,875 in August 2023, down 11.5% from last year, and the median price per square foot was $558.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $375K | -6.3% |
| 2 Bedrooms | $612.7K | $595K | -2.9% |
| 3 Bedrooms | $1.2M | $1.1M | -5.5% |
| 4 Bedrooms | $1.7M | $1.6M | -10.1% |
| 5+ Bedrooms | $2.1M | $2.0M | -6.5% |
Summary: Sammamish housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Issaquah | $910.2K | $995.2K | +9.3% |
| Redmond | $1.1M | $1.1M | +6.3% |
| Seattle East | $1.1M | $1.0M | -2.6% |
| Issaquah Plateau | $1.3M | $1.2M | -5.4% |
| Sammamish | $1.7M | $1.5M | -11.5% |
Housing Supply
How many homes are available in Sammamish, WA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 234 | 235 | 0.4% |
Summary: The Sammamish real estate market had 235 homes for sale in August 2023, a 0.4% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 51 | 64 | +25.5% |
| 4 Bedrooms | 112 | 105 | -6.3% |
| 5+ Bedrooms | 58 | 52 | -10.3% |
Summary: The Sammamish housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 67 | 88 | +31.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sammamish, you could pay more than the asking price. 36.4% of homes here sold above asking price last month.
Summary: A total of 88 homes were sold or pending in Sammamish in August 2023, up by 31.3% month-over-month. Of the 88 sold homes, 35% were sold under asking, 28% were sold at asking, and 36% were sold over asking.
Days on Market
How long does it take to sell a home in Sammamish, WA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 30 Days | 12 Days | -56.8% |
Summary: Homes in Sammamish had an average of 12 days on market in Aug 2023, down by 56.8% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sammamish are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 88 homes were sold in Sammamish; 88% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 1% 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 © 2023 Northwest MLS. All rights reserved.