$5,813 Closing Credit*
$489,500
634 SqFt
1 Bed
•1 Bath
Jennifer Daniels, Listing Office: Windermere Real Estate Co.
Is Alki, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Alki has remained a Seller's Market.
Key Takeaway
Alki is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alki, WA
How much do homes in Alki, WA cost?
Median Sold Price
$1,030,500
$610/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$33,250(+3.3%)
Key Takeaway
Homes in Alki have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Alki was $1,030,500 in December 2024, up 3.3% from last year, and the median price per square foot was $610.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $511K | $585K | +14.5% |
| 2 Bedrooms | $770K | $792.5K | +2.9% |
| 3 Bedrooms | $1.2M | $1.0M | -11.2% |
| 4 Bedrooms | $1.3M | $1.3M | -2.6% |
| 5+ Bedrooms | $1.9M | $1.3M | -29.4% |
Summary: Alki housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 29.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Alki | $997.2K | $1.0M | +3.3% |
| North Admiral | $1.0M | $960K | -10.3% |
Housing Supply in Alki, WA
How many homes are available in Alki, WA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Summary: The Alki real estate market had 24 homes for sale in December 2024, a 25.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 12 | 7 | -41.7% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Alki housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alki, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Alki in December 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Alki, WA
How long does it take to sell a home in Alki, WA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 124 Days | +332.1% |
Summary: Homes in Alki had an average of 124 days on market in Dec 2024, up by 332.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Alki are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 5 homes were sold in Alki; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 © 2025 Northwest MLS. All rights reserved.