Is Seattle East, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,198,136
$575/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Seattle East have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Seattle East was $1,198,136 in April 2024, up 8.9% from last year, and the median price per square foot was $575.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395.3K | $400K | +1.2% |
| 2 Bedrooms | $565K | $610K | +8.0% |
| 3 Bedrooms | $963.9K | $1.0M | +7.6% |
| 4 Bedrooms | $1.4M | $1.5M | +5.1% |
| 5+ Bedrooms | $1.9M | $2.0M | +6.9% |
Summary: Seattle East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in Seattle East, WA
How many homes are available in Seattle East, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,713 | 1,944 | +13.5% |
Summary: The Seattle East real estate market had 1,944 homes for sale in April 2024, a 13.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 107 | 112 | +4.7% |
| 2 Bedrooms | 323 | 371 | +14.9% |
| 3 Bedrooms | 451 | 514 | +14.0% |
| 4 Bedrooms | 518 | 602 | +16.2% |
| 5+ Bedrooms | 314 | 345 | +9.9% |
Summary: The Seattle East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 607 | 689 | +13.5% |
Asking Price vs. Sold Price
181 Homes Were Sold
Under Asking
156 Homes Were Sold
At Asking
352 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seattle East, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 689 homes were sold or pending in Seattle East in April 2024, up by 13.5% month-over-month. Of the 689 sold homes, 26% were sold under asking, 23% were sold at asking, and 51% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 18 Days | -29.1% |
Summary: Homes in Seattle East had an average of 18 days on market in Apr 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
593 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
51 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 April 2024, 689 homes were sold in Seattle East; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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.