First American Market Report

Seattle, WA

Single-Family Homes

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Seattle, WA

Tue Mar 28 2023
This week the median list price for Seattle, WA is $950,000 with the market action index hovering around 56. This is an increase over last month's market action index of 52. Inventory has increased to 496. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Seattle, WA

Tue Mar 28 2023
This week the median list price for Seattle, WA is $950,000 with the market action index hovering around 56. This is an increase over last month's market action index of 52. Inventory has increased to 496. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Seattle market.
Median List Price $950,000
Median Price of New Listings $889,000
Per Square Foot $550
Average Days on Market 63
Median Days on Market 21
Price Decreased 32%
Price Increased 1%
Relisted 11%
Inventory 496
Median Rent
Market Action 56
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$2,524,000 3,650 6,500 - 8,000 sqft 4 3.3 56 29 24 42
$1,199,497 2,415 4,500 - 6,500 sqft 4 2.5 78 44 41 28
$835,000 1,788 4,500 - 6,500 sqft 3 2 65 45 53 14
$599,950 1,100 4,500 - 6,500 sqft 3 1.5 76 55 63 7