$849,000
0.14 Acres
Land
Theresa Doherty, Listing Office: Professional Realty Svcs Belv
Is Seattle, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Seattle was a Seller's Market.
Key Takeaway
Seattle is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Seattle, WA
How much do homes in Seattle, WA cost?
Median Sold Price
$839,806
$568/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$40,260(+5.0%)
Key Takeaway
Homes in Seattle have sold for 5% more than they did a year ago.
Summary: The median home sold price in Seattle was $839,806 in September 2024, up 5% from last year, and the median price per square foot was $568.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430.2K | $438.6K | +2.0% |
| 2 Bedrooms | $669.6K | $694.2K | +3.7% |
| 3 Bedrooms | $881.1K | $900K | +2.1% |
| 4 Bedrooms | $1.1M | $1.2M | +2.6% |
| 5+ Bedrooms | $1.3M | $1.4M | +3.7% |
Summary: Seattle housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Mercer Island | $2.1M | $2.3M | +9.2% |
| Seattle | $799.5K | $839.8K | +5.0% |
| Burien | $675K | $634.9K | -5.9% |
| Tukwila | $535K | $500K | -6.5% |
| Medina | $4.3M | $3.9M | -9.6% |
Housing Supply in Seattle, WA
How many homes are available in Seattle, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2,840 | 3,557 | +25.2% |
Summary: The Seattle real estate market had 3,557 homes for sale in September 2024, a 25.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 439 | 545 | +24.1% |
| 2 Bedrooms | 842 | 1,035 | +22.9% |
| 3 Bedrooms | 838 | 1,054 | +25.8% |
| 4 Bedrooms | 487 | 629 | +29.2% |
| 5+ Bedrooms | 234 | 294 | +25.6% |
Summary: The Seattle housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 25.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 688 | 557 | -19.0% |
Asking Price vs. Sold Price
244 Homes Were Sold
Under Asking
167 Homes Were Sold
At Asking
146 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seattle, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 557 homes were sold or pending in Seattle in September 2024, down by 19.0% month-over-month. Of the 557 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for Seattle, WA
How long does it take to sell a home in Seattle, WA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +16.3% |
Summary: Homes in Seattle had an average of 34 days on market in Sep 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
347 Homes Were Sold
Under 30 Days
147 Homes Were Sold
In 30 - 90 Days
63 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seattle are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 557 homes were sold in Seattle; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% 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.