Your Local Market Report

Seattle, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.


Seattle, WA

Mon Nov 19 2018
This week the median list price for Seattle, WA is $728,250 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 1240. 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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Mon Nov 19 2018
This week the median list price for Seattle, WA is $728,250 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 1240. 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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $728,250
Per Square Foot $383
Days on Market 65
Price Decreased 52%
Price Increased 1%
Relisted 13%
Inventory 1240
Median House Rent $2,495
Most Expensive $24,000,000
Least Expensive $109,000
Market Action Index
Slight Seller's Advantage 		44

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves 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
$1,649,475 3,322 4,500 - 6,500 sqft 4 3 52 27 28 85
$839,900 2,170 4,500 - 6,500 sqft 3 2 67 44 47 53
$636,044 2,020 4,500 - 6,500 sqft 3 2 65 42 50 57
$450,000 1,460 6,500 - 8,000 sqft 3 2 66 52 61 67