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 May 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

$1,207,056

$581/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$131,488(+12.2%)

Key Takeaway

Homes in Seattle East have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Seattle East was $1,207,056 in May 2024, up 12.2% from last year, and the median price per square foot was $581.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $386.5K$400.6K
+3.6%
2 $560.2K$618.6K
+10.4%
3 $948.5K$1.0M
+10.7%
4 $1.3M$1.5M
+9.0%
5+ $1.9M$2.0M
+7.7%

Summary: Seattle East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

Seattle East
+12.2%
Bellevue
+10.8%
Sammamish
+7.2%
Issaquah
+5.2%

Housing Supply in Seattle East, WA

How many homes are available in Seattle East, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,9182,282+19.0%

Summary: The Seattle East real estate market had 2,282 homes for sale in May 2024, a 19.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 109114
+4.6%
2 362430
+18.8%
3 512626
+22.3%
4 599724
+20.9%
5+ 336388
+15.5%

Summary: The Seattle East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 15.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
707773+9.3%

Asking Price vs. Sold Price

170 Homes Were Sold
Under Asking

201 Homes Were Sold
At Asking

402 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. 52% of homes here sold above asking price last month.

Summary: A total of 773 homes were sold or pending in Seattle East in May 2024, up by 9.3% month-over-month. Of the 773 sold homes, 22% were sold under asking, 26% were sold at asking, and 52% 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

May 2023May 2024CHANGE
19 Days12 Days-35.3%

Summary: Homes in Seattle East had an average of 12 days on market in May 2024, down by 35.3% compared to last year.

Breakdown of Home Sale Times

702 Homes Were Sold
Under 30 Days

58 Homes Were Sold
In 30 - 90 Days

13 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.

Summary: During May 2024, 773 homes were sold in Seattle East; 91% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 2% 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 16 Days Ago

Newest Listings in Seattle East, WA

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