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 October 2021

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

$1,155,440

$607/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$184,248(+19.0%)

Key Takeaway

Homes in Seattle East have sold for 19% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $330.3K$418.5K
+26.7%
2 $519.9K$588.2K
+13.1%
3 $875K$1.0M
+14.7%
4 $1.2M$1.5M
+21.4%
5+ $1.7M$2.0M
+21.8%

Median Sold Price Compared To Nearby Cities

Issaquah
+23.2%
Bellevue
+22.9%
Sammamish
+19.5%
Seattle East
+19.0%

How many homes are available in Seattle East, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
2,2342,151-3.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 102105
+2.9%
2 410382
-6.8%
3 645595
-7.8%
4 723698
-3.5%
5+ 354371
+4.8%

Number of Homes Sold

Sep 2022Oct 2022%
690559-19.0%

Asking Price vs. Sold Price

324 Homes Were Sold
Under Asking

131 Homes Were Sold
At Asking

104 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seattle East, you may be able to get a good deal. 58% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
16 Days33 Days+104.5%

Breakdown of Home Sale Times

329 Homes Were Sold
Under 30 Days

176 Homes Were Sold
In 30 - 90 Days

54 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Seattle East, WA

Homes for sale in Seattle East, WA have reached 2,151. The inventory of homes for sale in Seattle East, WA between September 2022 and October 2022 decreased by 3.7%. In October 2022, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $1,155,440. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 26.7% more expensive, the cost of 2 bedrooms properties went up by 13.1%, the cost of 3 bedrooms properties went up by 14.7%, prices of 4 bedrooms properties increased by 21.4%, prices of 5 bedrooms properties went up by 21.8%. Housing inventory have changed in this real estate market: 1 bedroom homes became 2.9% more available, 2 bedrooms homes inventory decreased by 6.8%, number of 3 bedrooms homes decreased by 7.8%, 4 bedrooms homes became 3.5% less available, the quantity of 5 bedrooms homes went up by 4.8%. In October 2022, from all listings sold in Seattle East, WA there were more than 104 sold above asking price, over 324 sold below and more than 131 were sold right at the asked price.

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