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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seattle East is a seller's market

Buyer's
Market

Difference Since November 2020

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.

How much do homes in Seattle East, WA cost?

Median Sold Price

$983,640

$509/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$147,942(+17.7%)

Key Takeaway

Homes in Seattle East have sold for 17.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $350.6K$335K
-4.5%
2 $471.4K$524.8K
+11.3%
3 $755.6K$889K
+17.6%
4 $1.0M$1.3M
+31.1%
5+ $1.3M$1.7M
+27.3%

Median Sold Price Compared To Nearby Cities

Sammamish
+30.5%
Seattle East
+17.7%
Bellevue
+14.1%
Issaquah
+9.3%

How many homes are available in Seattle East, WA?

Number of Homes For Sale

Oct 2021Nov 2021%
2,4431,947-20.3%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 152138
-9.2%
2 552438
-20.7%
3 667530
-20.5%
4 701536
-23.5%
5+ 371305
-17.8%

Number of Homes Sold

Oct 2021Nov 2021%
891786-11.8%

Asking Price vs. Sold Price

129 Homes Were Sold
Under Asking

156 Homes Were Sold
At Asking

501 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seattle East, you could pay more than the asking price. 63.7% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
21 Days12 Days-43.4%

Breakdown of Home Sale Times

695 Homes Were Sold
Under 30 Days

79 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seattle East are selling fast, if you're buying plan to act quickly.

About Seattle East, WA

Seattle East, WA has 1,947 homes on the market. The inventory of homes for sale in Seattle East, WA between October 2021 and November 2021 decreased by 20.3%. Listings spent 12 days on the market in November 2021, and had a median list price of $983,640 during the same period. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 4.5%, 2 bedrooms properties became 11.3% more expensive, the cost of 3 bedrooms properties went up by 17.6%, prices of 4 bedrooms properties went up by 31.1%, the cost of 5 bedrooms properties went up by 27.3%. Housing inventory have changed in this real estate market: 1 bedroom homes became 9.2% less available, 2 bedrooms homes became 20.7% less available, 3 bedrooms homes inventory decreased by 20.5%, 4 bedrooms homes became 23.5% less available, number of 5 bedrooms homes decreased by 17.8%. While more than 501 listings in Seattle East, WA in November 2021 were sold above asking price, there were more than 156 listings sold at asking price, and more than 129 were sold below.

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