Your Local Market Report
Seattle, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Seattle, WA
Tue May 21 2019
This week the median list price for Seattle, WA is $749,950 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 1380.
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
| Median List Price | $749,950 | |
| Per Square Foot | $441 | |
| Days on Market | 51 | |
| Price Decreased | 34% | |
| Price Increased | 2% | |
| Relisted | 9% | |
| Inventory | 1380 | |
| Median House Rent | $2,150 | |
| Most Expensive | $15,000,000 | |
| Least Expensive | $99,950 | |
| Market Action Index Strong Seller's Market | 53 |
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 |
|---|---|---|---|---|---|---|---|---|
| $1,750,000 | 3,320 | 4,500 - 6,500 sqft | 4 | 3 | 63 | 74 | 56 | 69 |
| $860,000 | 2,000 | 0 - 4,500 sqft | 3 | 2 | 39 | 87 | 73 | 40 |
| $674,950 | 1,580 | 0 - 4,500 sqft | 3 | 2 | 21 | 73 | 56 | 44 |
| $498,000 | 1,361 | 4,500 - 6,500 sqft | 3 | 1 | 52 | 88 | 84 | 52 |