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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seattle is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Seattle, WA cost?

Median Sold Price

$837,390

$597/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$53,120(+6.8%)

Key Takeaway

Homes in Seattle have sold for 6.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $425.3K$438K
+3.0%
2 $648.2K$707K
+9.1%
3 $838.8K$930.6K
+10.9%
4 $1.1M$1.2M
+11.8%
5+ $1.4M$1.5M
+6.4%

Median Sold Price Compared To Nearby Cities

Medina
+28.4%
Burien
+20.4%
Mercer Island
+19.4%
Tukwila
+9.9%
Seattle
+6.8%

How many homes are available in Seattle, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
2,6642,757+3.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 366373
+1.9%
2 766814
+6.3%
3 812835
+2.8%
4 496515
+3.8%
5+ 224220
-1.8%

Number of Homes Sold

Sep 2022Oct 2022%
761621-18.4%

Asking Price vs. Sold Price

280 Homes Were Sold
Under Asking

188 Homes Were Sold
At Asking

153 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seattle, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
19 Days25 Days+31.9%

Breakdown of Home Sale Times

435 Homes Were Sold
Under 30 Days

152 Homes Were Sold
In 30 - 90 Days

34 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seattle 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 Seattle, WA

Seattle, WA has 2,757 homes for sale to choose from. Between September 2022 and October 2022, Seattle, WA real estate market has seen increase in the number of listings by 3.5%. While the average time on the market in October 2022 was 25 days, the median list price was $837,390. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 3%, 2 bedrooms properties prices increased by 9.1%, the cost of 3 bedrooms properties went up by 10.9%, 4 bedrooms properties prices increased by 11.8%, 5 bedrooms properties prices increased by 6.4%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 1.9% more available, volume of 2 bedrooms homes went up by 6.3%, 3 bedrooms homes became 2.8% more available, volume of 4 bedrooms homes went up by 3.8%, the quantity of 5 bedrooms homes went down by 1.8%. In October 2022 more than 153 listings in Seattle, WA were sold above the asking price. During the same period more than 188 listings were sold at asking price, while more than 280 were sold below.

Related Housing Market Reports