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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing SeaTac is a seller's market

Buyer's
Market

Difference Since February 2022

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

Key Takeaway

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

How much do homes in SeaTac, WA cost?

Median Sold Price

$550,000

$364/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$24,333(+4.6%)

Key Takeaway

Homes in SeaTac have sold for 4.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $190K$300K
+57.9%
2 $425K$415K
-2.4%
3 $520K$550K
+5.8%
4 $579K$650K
+12.3%
5+ $743K$849K
+14.3%

Median Sold Price Compared To Nearby Cities

Burien
+13.8%
Kent
+9.8%
Tukwila
+9.2%
SeaTac
+4.6%

How many homes are available in SeaTac, WA?

Number of Homes For Sale

Jan 2023Feb 2023%
3132+3.2%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 77
0.0%
3 119
-18.2%
4 1013
+30.0%
5+ 33
0.0%

Number of Homes Sold

Jan 2023Feb 2023%
136-53.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in SeaTac, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Feb 2022Feb 2023%
10 Days24 Days+131.8%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in SeaTac 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 SeaTac, WA

SeaTac, WA has 32 homes on the market. In February 2023 in SeaTac, WA there were 3.2% more homes for sale than in January 2023. In February 2023 median list price was $550,000 and the average listing age was 24 days. Listing prices have changed in this real estate market between January 2023 and February 2023: 1 bedroom properties prices increased by 57.9%, prices of 2 bedrooms properties went down by 2.4%, prices of 3 bedrooms properties increased by 5.8%, prices of 4 bedrooms properties increased by 12.3%, prices of 5 bedrooms properties increased by 14.3%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory decreased by 18.2%, the quantity of 4 bedrooms homes went up by 30%, the quantity of 5 bedrooms homes have not changed. SeaTac, WA housing market in February 2023 saw over 3 listings sold above listed price, more than 3 sold at listed price and over 0 sold below.

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