Your Local Market Report
Seattle, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Seattle, WA
Tue Mar 02 2021
This week the median list price for Seattle, WA is $839,250 with the market action index hovering around 71. This is an increase over last month's market action index of 65. Inventory has held steady at or around 498.
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
| Median List Price | $839,250 | |
| Per Square Foot | $505 | |
| Days on Market | 21 | |
| Price Decreased | 21% | |
| Price Increased | 3% | |
| Relisted | 9% | |
| Inventory | 498 | |
| Median Rent | $2,250 | |
| Most Expensive | $14,700,000 | |
| Least Expensive | $199,000 | |
| Market Action | 71 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $2,099,475 | 3,420 | 6,500 - 8,000 sqft | 4 | 3 | 53 | 39 | 23 | 52 |
| $966,975 | 1,960 | 0 - 4,500 sqft | 3 | 2 | 64 | 54 | 36 | 7 |
| $749,950 | 1,522 | 0 - 4,500 sqft | 3 | 1 | 5 | 44 | 35 | 14 |
| $579,000 | 1,320 | 0 - 4,500 sqft | 3 | 1 | 59 | 42 | 51 | 21 |