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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sammamish is a 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

-$196,125(-11.5%)

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

# BEDSAug 2022Aug 2023CHANGE
1 $400K$375K
-6.3%
2 $612.7K$595K
-2.9%
3 $1.2M$1.1M
-5.5%
4 $1.7M$1.6M
-10.1%
5+ $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
+9.3%
Redmond
+6.3%
Seattle East
-2.6%
Issaquah Plateau
-5.4%
Sammamish
-11.5%

Housing Supply

How many homes are available in Sammamish, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
2342350.4%

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

# BEDSJul 2023Aug 2023CHANGE
1 12
+100.0%
2 1212
0.0%
3 5164
+25.5%
4 112105
-6.3%
5+ 5852
-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 2023Aug 2023CHANGE
6788+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

Asking vs Sold - buyer

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 2022Aug 2023CHANGE
30 Days12 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

Breakdown of Home Sale Times

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.

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

Report Updated 22 Days Ago

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