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

Housing Market Conditions



Gauge showing Seattle is a seller's market


Difference Since August 2022

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.

Housing Prices

How much do homes in Seattle, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Seattle have sold for 3% less than they did a year ago.

Summary: The median home sold price in Seattle was $799,992 in August 2023, down 3% from last year, and the median price per square foot was $563.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $445.8K$433.9K
2 $699.9K$670.1K
3 $921.6K$879.8K
4 $1.2M$1.1M
5+ $1.4M$1.3M

Summary: Seattle housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Cities

Mercer Island

Housing Supply

How many homes are available in Seattle, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Seattle real estate market had 2,738 homes for sale in August 2023, a 6.3% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 345378
2 825907
3 775792
4 413423
5+ 218238

Summary: The Seattle housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 9.2%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

282 Homes Were Sold
Under Asking

218 Homes Were Sold
At Asking

236 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. 38.3% of homes here sold below asking price last month.

Summary: A total of 736 homes were sold or pending in Seattle in August 2023, down by 2.3% month-over-month. Of the 736 sold homes, 38% were sold under asking, 30% were sold at asking, and 32% were sold over asking.

Days on Market

How long does it take to sell a home in Seattle, WA?

Average Sale Time

Aug 2022Aug 2023CHANGE
21 Days25 Days+19.8%

Summary: Homes in Seattle had an average of 25 days on market in Aug 2023, up by 19.8% compared to last year.

Breakdown of Home Sale Times

534 Homes Were Sold
Under 30 Days

152 Homes Were Sold
In 30 - 90 Days

50 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.

Summary: During August 2023, 736 homes were sold in Seattle; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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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Nearby Markets

What housing markets are near Seattle, WA?