Is Seattle East, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,225,886
$584/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Seattle East have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Seattle East was $1,225,886 in June 2024, up 13.9% from last year, and the median price per square foot was $584.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $400K | +3.9% |
| 2 Bedrooms | $559K | $620.3K | +11.0% |
| 3 Bedrooms | $950K | $1.0M | +12.4% |
| 4 Bedrooms | $1.3M | $1.5M | +12.0% |
| 5+ Bedrooms | $1.9M | $2.1M | +11.3% |
Summary: Seattle East housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 11.3%.
Housing Supply in Seattle East, WA
How many homes are available in Seattle East, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2,221 | 2,327 | +4.8% |
Summary: The Seattle East real estate market had 2,327 homes for sale in June 2024, a 4.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 109 | 131 | +20.2% |
| 2 Bedrooms | 416 | 463 | +11.3% |
| 3 Bedrooms | 612 | 617 | +0.8% |
| 4 Bedrooms | 702 | 722 | +2.8% |
| 5+ Bedrooms | 382 | 394 | +3.1% |
Summary: The Seattle East housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 801 | 672 | -16.1% |
Asking Price vs. Sold Price
205 Homes Were Sold
Under Asking
167 Homes Were Sold
At Asking
300 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seattle East, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.
Summary: A total of 672 homes were sold or pending in Seattle East in June 2024, down by 16.1% month-over-month. Of the 672 sold homes, 31% were sold under asking, 25% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 13 Days | -34.8% |
Summary: Homes in Seattle East had an average of 13 days on market in Jun 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
593 Homes Were Sold
Under 30 Days
67 Homes Were Sold
In 30 - 90 Days
12 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 June 2024, 672 homes were sold in Seattle East; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% 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.