Is Sammamish, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sammamish is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Sammamish has remained a Seller's Market.

Key Takeaway

Sammamish is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sammamish, WA

How much do homes in Sammamish, WA cost?

Median Sold Price

$1,700,000

$611/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$165,000(+10.7%)

Key Takeaway

Homes in Sammamish have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Sammamish was $1,700,000 in September 2024, up 10.7% from last year, and the median price per square foot was $611.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $377.5K$422.5K
+11.9%
2 $585.7K$632.5K
+8.0%
3 $1.1M$1.2M
+4.9%
4 $1.6M$1.7M
+9.4%
5+ $2.0M$2.3M
+14.6%

Summary: Sammamish housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 14.6%.

Median Sold Price Compared To Nearby Cities

Seattle East
+16.8%
Sammamish
+10.7%
Issaquah Plateau
+10.1%
Redmond
+8.3%
Issaquah
+5.7%

Housing Supply in Sammamish, WA

How many homes are available in Sammamish, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2362360.0%

Summary: The Sammamish real estate market had 236 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 46
+50.0%
2 1821
+16.7%
3 5968
+15.3%
4 111104
-6.3%
5+ 4437
-15.9%

Summary: The Sammamish housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 15.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
8759-32.2%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sammamish, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Sammamish in September 2024, down by 32.2% month-over-month. Of the 59 sold homes, 46% were sold under asking, 19% were sold at asking, and 36% were sold over asking.

Days on Market for Sammamish, WA

How long does it take to sell a home in Sammamish, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
31 Days14 Days-53.9%

Summary: Homes in Sammamish had an average of 14 days on market in Sep 2024, down by 53.9% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sammamish are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 59 homes were sold in Sammamish; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

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