$7,243 Closing Credit*
$609,950
1,290 SqFt
3 Beds
•1 Full Bath
Roman Shulyak, Listing Office: Kronos Real Estate
Is King County, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, King County has remained a Seller's Market.
Key Takeaway
King County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in King County, WA
How much do homes in King County, WA cost?
Median Sold Price
$863,268
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,402(+8.2%)
Key Takeaway
Homes in King County have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in King County was $863,268 in November 2024, up 8.2% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404.3K | $412K | +1.9% |
| 2 Bedrooms | $600.3K | $627K | +4.5% |
| 3 Bedrooms | $792.7K | $844.7K | +6.6% |
| 4 Bedrooms | $1.0M | $1.2M | +12.9% |
| 5+ Bedrooms | $1.4M | $1.5M | +9.3% |
Summary: King County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Counties
| Chelan County | $533.9K | $580K | +8.6% |
| King County | $797.8K | $863.2K | +8.2% |
| Snohomish County | $693.5K | $735.7K | +6.1% |
| Pierce County | $524.9K | $550K | +4.8% |
| Kittitas County | $549.7K | $525.1K | -4.5% |
Housing Supply in King County, WA
How many homes are available in King County, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8,283 | 7,038 | -15.0% |
Summary: The King County real estate market had 7,038 homes for sale in November 2024, a 15.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 679 | 602 | -11.3% |
| 2 Bedrooms | 1,947 | 1,844 | -5.3% |
| 3 Bedrooms | 2,635 | 2,155 | -18.2% |
| 4 Bedrooms | 2,077 | 1,661 | -20.0% |
| 5+ Bedrooms | 945 | 776 | -17.9% |
Summary: The King County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,456 | 1,807 | -26.4% |
Asking Price vs. Sold Price
814 Homes Were Sold
Under Asking
511 Homes Were Sold
At Asking
482 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King County, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 1,807 homes were sold or pending in King County in November 2024, down by 26.4% month-over-month. Of the 1,807 sold homes, 45% were sold under asking, 28% were sold at asking, and 27% were sold over asking.
Days on Market for King County, WA
How long does it take to sell a home in King County, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +21.7% |
Summary: Homes in King County had an average of 37 days on market in Nov 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
1,078 Homes Were Sold
Under 30 Days
488 Homes Were Sold
In 30 - 90 Days
241 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in King County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1807 homes were sold in King County; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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. 
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.