WA · Metro #15

Seattle - WA housing market

The Seattle metro has a typical home value of $750,279, down 1.9% from a year ago. Homes are moving fast at 10 days on market - a strong seller's market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$750,279
-1.9% vs. year ago
Median sale price
$700,953
-0.5% YoY
Median list price
$743,300
Sale-to-list ratio
100.1%
Selling above ask
Days on market
10d
Listings w/ price cut
26.6%
New listings / mo
5,268
+1.3% YoY
Homes for sale
11,837
+20.9% YoY
Typical rent
$2,232/mo
+1.4% YoY
Context

How to read this data

The typical home value ($750,279) is the Zillow Home Value Index for the Seattle - WA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 1.9% over the past year. A home worth $764,810 last year is now worth roughly $750,279.

The median sale price , what homes actually close for , is $700,953. Homes are selling at 100.1% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Seattle - WA sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 5,268 new listings hit the market each month in Seattle - WA. There are currently 11,837 homes for sale, up 20.9% from a year ago.

The typical monthly rent in Seattle - WA is $2,232, up 1.4% year over year. For investors, the price-to-rent ratio here is roughly 28x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in WA

MetroHome value1-yr changeDays on market
Spokane - WA$423,842 +0.3% 15.0d
Kennewick - WA$441,524 +0.0% 18.0d
Olympia - WA$533,918 +0.3% 11.0d
Bremerton - WA$586,380 +1.6% 9.0d
Yakima - WA$355,256 +1.9% 20.0d
Get new posts in your inbox. No spam, unsubscribe anytime.