Your Local Market Report
Seattle, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Seattle, WA
Thu Jan 23 2020
This week the median list price for Seattle, WA is $727,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 596.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $727,000 | |
| Per Square Foot | $457 | |
| Days on Market | 99 | |
| Price Decreased | 30% | |
| Price Increased | 5% | |
| Relisted | 11% | |
| Inventory | 596 | |
| Median Rent | $2,500 | |
| Most Expensive | $12,950,000 | |
| Least Expensive | $60,000 | |
| Market Action | 52 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,850,000 | 3,280 | 6,500 - 8,000 sqft | 4 | 3 | 50 | 15 | 13 | 150 |
| $845,000 | 1,920 | 0 - 4,500 sqft | 3 | 2 | 13 | 31 | 28 | 77 |
| $669,000 | 1,530 | 0 - 4,500 sqft | 3 | 2 | 4 | 32 | 30 | 83 |
| $500,000 | 1,350 | 4,500 - 6,500 sqft | 3 | 1 | 61 | 38 | 41 | 84 |