$4,250,000
4,535 SqFt
Jae Evans, Listing Office: Jae Evans Real Estate
Is Seattle East, 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, 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
$1,303,033
$604/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$195,279(+17.6%)
Key Takeaway
Homes in Seattle East have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Seattle East was $1,303,033 in November 2024, up 17.6% from last year, and the median price per square foot was $604.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385.1K | $412K | +7.0% |
| 2 Bedrooms | $580.5K | $636.8K | +9.7% |
| 3 Bedrooms | $968.7K | $1.1M | +18.5% |
| 4 Bedrooms | $1.4M | $1.5M | +13.9% |
| 5+ Bedrooms | $1.9M | $2.1M | +9.5% |
Summary: Seattle East housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in Seattle East, WA
How many homes are available in Seattle East, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,220 | 1,850 | -16.7% |
Summary: The Seattle East real estate market had 1,850 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 114 | 99 | -13.2% |
| 2 Bedrooms | 510 | 464 | -9.0% |
| 3 Bedrooms | 609 | 494 | -18.9% |
| 4 Bedrooms | 652 | 510 | -21.8% |
| 5+ Bedrooms | 335 | 283 | -15.5% |
Summary: The Seattle East housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes decreased by 15.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 695 | 561 | -19.3% |
Asking Price vs. Sold Price
255 Homes Were Sold
Under Asking
127 Homes Were Sold
At Asking
179 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seattle East, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 561 homes were sold or pending in Seattle East in November 2024, down by 19.3% month-over-month. Of the 561 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 29 Days | +18.7% |
Summary: Homes in Seattle East had an average of 29 days on market in Nov 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
382 Homes Were Sold
Under 30 Days
127 Homes Were Sold
In 30 - 90 Days
52 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 November 2024, 561 homes were sold in Seattle East; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% 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.