First American Market Report

Seattle, WA

Single-Family Homes

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Seattle, WA

Thu May 22 2025
This week the median list price for Seattle, WA is $1,099,999 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has increased to 844. 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

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Seattle, WA

Thu May 22 2025
This week the median list price for Seattle, WA is $1,099,999 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has increased to 844. 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

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Seattle market.
Median List Price $1,099,999
Median Price of New Listings $1,077,500
Per Square Foot $547
Average Days on Market 57
Median Days on Market 25
Price Decreased 34%
Price Increased 2%
Relisted 10%
Inventory 844
Median Rent
Market Action 55
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,395,000 3,550 6,500 - 8,000 sqft 4 2.5 71 41 28 28
$1,280,000 2,460 4,500 - 6,500 sqft 4 2 74 50 41 21
$895,000 1,970 4,500 - 6,500 sqft 3 1.5 72 54 55 21
$629,000 1,210 4,500 - 6,500 sqft 3 1 71 47 34 28