Carrington Durr Group | Real Estate Market Report
Seattle, WA 98117
Single-Family Homes
John L Scott Real Estate | 206-948-3852 | wlc@johnlscott.com
Seattle, WA 98117
Fri Jul 26 2024
This week the median list price for Seattle, WA 98117 is $1,150,000 with the market action index hovering around 84. This is an increase over last month's market action index of 80. Inventory has decreased to 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $1,150,000 | |
| Median Price of New Listings | $1,210,000 | |
| Per Square Foot | $589 | |
| Average Days on Market | 42 | |
| Median Days on Market | 35 | |
| Price Decreased | 45% | |
| Price Increased | 3% | |
| Relisted | 26% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 84 | |
| Strong Seller's Market | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,999,950 | 3,550 | 4,500 - 6,500 sqft | 4 | 4 | 32 | 2 | 0 | 35 |
| $1,344,000 | 2,391 | 0 - 4,500 sqft | 4 | 4 | 81 | 4 | 2 | 35 |
| $1,009,000 | 1,799 | 0 - 4,500 sqft | 3 | 2 | 88 | 2 | 4 | 31 |
| $789,475 | 1,309 | 0 - 4,500 sqft | 3 | 3 | 13 | 3 | 4 | 35 |