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 September 2020

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

$778,564

$513/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2020

+$38,337(+5.2%)

Key Takeaway

Homes in Seattle have sold for 5.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2020Sep 2021%
1 $435.2K$420.6K
-3.4%
2 $611.5K$640K
+4.7%
3 $774.9K$826.2K
+6.6%
4 $999.9K$1.0M
+9.9%
5+ $1.3M$1.3M
+1.5%

Median Sold Price Compared To Nearby Cities

Medina
+24.0%
Mercer Island
+23.0%
Seattle
+5.2%
Burien
+1.6%
Tukwila
-1.6%

How many homes are available in Seattle, WA?

Number of Homes For Sale

Aug 2021Sep 2021%
4,4004,451+1.2%

Homes For Sale By Bedroom Count

# BEDSAug 2021Sep 2021%
1 820820
0.0%
2 1,3431,383
+3.0%
3 1,2621,261
-0.1%
4 653647
-0.9%
5+ 322340
+5.6%

Number of Homes Sold

Aug 2021Sep 2021%
1,2091,050-13.2%

Asking Price vs. Sold Price

299 Homes Were Sold
Under Asking

327 Homes Were Sold
At Asking

424 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seattle, you could pay more than the asking price. 40.4% of homes here sold above asking price last month.

Average Sale Time

Sep 2020Sep 2021%
23 Days23 Days+1.2%

Breakdown of Home Sale Times

840 Homes Were Sold
Under 30 Days

145 Homes Were Sold
In 30 - 90 Days

65 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.

About Seattle, WA

There are 4,451 homes are for sale in Seattle, WA real estate market. In September 2021 in Seattle, WA there were 1.2% more homes for sale than in August 2021. In September 2021 median list price was $778,564 and the average listing age was 23 days. Between August 2021 and September 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties decreased by 3.4%, 2 bedrooms properties prices increased by 4.7%, the cost of 3 bedrooms properties went up by 6.6%, 4 bedrooms properties became 9.9% more expensive, 5 bedrooms properties became 1.5% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 3% more available, 3 bedrooms homes inventory decreased by 0.1%, 4 bedrooms homes inventory decreased by 0.9%, volume of 5 bedrooms homes went up by 5.6%. While more than 424 listings in Seattle, WA in September 2021 were sold above asking price, there were more than 327 listings sold at asking price, and more than 299 were sold below.

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