Is SeaTac, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, SeaTac has remained a Seller's Market.
Housing Prices in SeaTac, WA
How much do homes in SeaTac, WA cost?
Median Sold Price
$530,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in SeaTac was $530,000 in March 2024, down 3.6% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $305K | +1.7% |
2 Bedrooms | $415K | $425K | +2.4% |
3 Bedrooms | $542K | $535K | -1.3% |
4 Bedrooms | $650K | $617.5K | -5.0% |
5+ Bedrooms | $812K | $809K | -0.4% |
Summary: SeaTac housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in SeaTac, WA
How many homes are available in SeaTac, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 45 | +7.1% |
Summary: The SeaTac real estate market had 45 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The SeaTac housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in SeaTac in March 2024, up by 25.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% were sold over asking.
Days on Market for SeaTac, WA
How long does it take to sell a home in SeaTac, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 10 Days | -83.6% |
Summary: Homes in SeaTac had an average of 10 days on market in Mar 2024, down by 83.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in SeaTac; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.