$10,000 Closing Credit*
$1,049,900
1,515 SqFt
2 Beds
•1 Full Bath, 1 Partial
Amie Stewart, Listing Office: COMPASS
Is Seattle, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Seattle has remained a Seller's Market.
Key Takeaway
Seattle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seattle, WA
How much do homes in Seattle, WA cost?
Median Sold Price
$847,413
$568/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,592(+6.2%)
Key Takeaway
Homes in Seattle have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Seattle was $847,413 in October 2024, up 6.2% from last year, and the median price per square foot was $568.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $429.7K | $434.8K | +1.2% |
| 2 Bedrooms | $669.1K | $698.5K | +4.4% |
| 3 Bedrooms | $878.8K | $906.3K | +3.1% |
| 4 Bedrooms | $1.1M | $1.2M | +3.1% |
| 5+ Bedrooms | $1.4M | $1.4M | +3.4% |
Summary: Seattle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Seattle | $797.8K | $847.4K | +6.2% |
| Mercer Island | $2.1M | $2.3M | +5.1% |
| Burien | $654.7K | $640K | -2.2% |
| Tukwila | $544K | $500K | -8.1% |
| Medina | $4.3M | $3.9M | -9.2% |
Housing Supply in Seattle, WA
How many homes are available in Seattle, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3,135 | 3,597 | +14.7% |
Summary: The Seattle real estate market had 3,597 homes for sale in October 2024, a 14.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 469 | 550 | +17.3% |
| 2 Bedrooms | 898 | 1,060 | +18.0% |
| 3 Bedrooms | 942 | 1,061 | +12.6% |
| 4 Bedrooms | 560 | 645 | +15.2% |
| 5+ Bedrooms | 266 | 281 | +5.6% |
Summary: The Seattle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 588 | 827 | +40.6% |
Asking Price vs. Sold Price
335 Homes Were Sold
Under Asking
260 Homes Were Sold
At Asking
232 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seattle, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.
Summary: A total of 827 homes were sold or pending in Seattle in October 2024, up by 40.6% month-over-month. Of the 827 sold homes, 41% were sold under asking, 31% were sold at asking, and 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 34 Days | +2.5% |
Summary: Homes in Seattle had an average of 34 days on market in Oct 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
542 Homes Were Sold
Under 30 Days
182 Homes Were Sold
In 30 - 90 Days
103 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 October 2024, 827 homes were sold in Seattle; 66% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 12% 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. 
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