Is Seattle East, 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, Seattle East has remained a Seller's Market.
Key Takeaway
Seattle East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seattle East, WA
How much do homes in Seattle East, WA cost?
Median Sold Price
$1,172,953
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Seattle East have sold for 4% more than they did a year ago.
Summary: The median home sold price in Seattle East was $1,172,953 in March 2024, up 4% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399.3K | $400K | 0.2% |
| 2 Bedrooms | $575.4K | $600.2K | +4.3% |
| 3 Bedrooms | $988.7K | $1.0M | +2.1% |
| 4 Bedrooms | $1.4M | $1.4M | -1.1% |
| 5+ Bedrooms | $2.0M | $2.0M | 0.3% |
Summary: Seattle East housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in Seattle East, WA
How many homes are available in Seattle East, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,375 | 1,745 | +26.9% |
Summary: The Seattle East real estate market had 1,745 homes for sale in March 2024, a 26.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 79 | 105 | +32.9% |
| 2 Bedrooms | 281 | 325 | +15.7% |
| 3 Bedrooms | 365 | 472 | +29.3% |
| 4 Bedrooms | 401 | 536 | +33.7% |
| 5+ Bedrooms | 249 | 307 | +23.3% |
Summary: The Seattle East housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32.9%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 33.7%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 426 | 590 | +38.5% |
Asking Price vs. Sold Price
148 Homes Were Sold
Under Asking
176 Homes Were Sold
At Asking
266 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seattle East, you could pay more than the asking price. 45.1% of homes here sold above asking price last month.
Summary: A total of 590 homes were sold or pending in Seattle East in March 2024, up by 38.5% month-over-month. Of the 590 sold homes, 25% were sold under asking, 30% were sold at asking, and 45% were sold over asking.
Days on Market for Seattle East, WA
How long does it take to sell a home in Seattle East, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 21 Days | -49.4% |
Summary: Homes in Seattle East had an average of 21 days on market in Mar 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
485 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seattle East are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 590 homes were sold in Seattle East; 82% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.