Carrington Durr Group | Real Estate Market Report
Seattle, WA 98199
Single-Family Homes
John L Scott Real Estate | 206-948-3852 | wlc@johnlscott.com
Seattle, WA 98199
Sun Apr 28 2024
This week the median list price for Seattle, WA 98199 is $1,595,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 38.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $1,595,000 | |
| Median Price of New Listings | $1,385,000 | |
| Per Square Foot | $669 | |
| Average Days on Market | 64 | |
| Median Days on Market | 28 | |
| Price Decreased | 37% | |
| Price Increased | 3% | |
| Relisted | 13% | |
| Inventory | 38 | |
| Median Rent | ||
| Market Action | 54 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,995,000 | 4,387 | 8,000 - 10,000 sqft | 4 | 3.8 | 46 | 2 | 2 | 63 |
| $2,160,000 | 3,200 | 4,500 - 6,500 sqft | 4 | 3.5 | 66 | 2 | 3 | 49 |
| $1,360,000 | 2,315 | 4,500 - 6,500 sqft | 3 | 2 | 70 | 6 | 3 | 0 |
| $885,000 | 1,285 | 0 - 4,500 sqft | 2 | 1.8 | 77 | 3 | 3 | 14 |