Your Local Market Report

Seattle, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Seattle, WA

Fri Aug 23 2019
This week the median list price for Seattle, WA is $750,000 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has held steady at or around 1235. Click here to stay informed with the Seattle market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Fri Aug 23 2019
This week the median list price for Seattle, WA is $750,000 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has held steady at or around 1235. Click here to stay informed with the Seattle market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $750,000
Per Square Foot $408
Days on Market 64
Price Decreased 48%
Price Increased 1%
Relisted 12%
Inventory 1235
Median House Rent $2,550
Most Expensive $15,000,000
Least Expensive $174,000
Market Action Index
Strong Seller's Market
56

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

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
$1,695,000 3,322 6,500 - 8,000 sqft 4 3 64 44 79 87
$850,000 2,250 4,500 - 6,500 sqft 4 2 63 67 85 52
$665,000 1,730 4,500 - 6,500 sqft 3 2 49 68 107 57
$487,000 1,460 4,500 - 6,500 sqft 3 1 63 70 100 61