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

Thu Jun 20 2024
This week the median list price for Seattle, WA 98117 is $1,075,000 with the market action index hovering around 81. This is an increase over last month's market action index of 77. Inventory has increased to 39. Click here to stay informed with the Seattle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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.

Seattle, WA 98117

Thu Jun 20 2024
This week the median list price for Seattle, WA 98117 is $1,075,000 with the market action index hovering around 81. This is an increase over last month's market action index of 77. Inventory has increased to 39. Click here to stay informed with the Seattle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Never miss important changes in the Seattle market.
Median List Price $1,075,000
Median Price of New Listings $1,075,000
Per Square Foot $552
Average Days on Market 31
Median Days on Market 7
Price Decreased 23%
Price Increased 3%
Relisted 3%
Inventory 39
Median Rent
Market Action 81
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$2,150,000 3,580 4,500 - 6,500 sqft 4 4 6 3 1 14
$1,299,500 2,475 0 - 4,500 sqft 4 2 95 5 4 7
$998,475 1,810 0 - 4,500 sqft 3 2 79 6 5 0
$749,500 1,277 0 - 4,500 sqft 2 2 39 3 2 24