Carrington Durr Group | Real Estate Market Report

Seattle, WA 98177

Single-Family Homes

John L Scott Real Estate | 206-948-3852 | wlc@johnlscott.com



Seattle, WA 98177

Thu Jun 20 2024
This week the median list price for Seattle, WA 98177 is $1,599,500 with the market action index hovering around 66. This is less than last month's market action index of 68. Inventory has increased to 13. Click here to stay informed with the Seattle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Seattle, WA 98177

Thu Jun 20 2024
This week the median list price for Seattle, WA 98177 is $1,599,500 with the market action index hovering around 66. This is less than last month's market action index of 68. Inventory has increased to 13. Click here to stay informed with the Seattle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Seattle market.
Median List Price $1,599,500
Median Price of New Listings $1,560,000
Per Square Foot $619
Average Days on Market 83
Median Days on Market 28
Price Decreased 54%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent
Market Action 66
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$5,650,000 5,300 2.5 - 5 acres 4 6 45 1 0 189
$2,295,000 3,330 0.25 - 0.5 acre 4 4 55 1 0 28
$1,350,000 2,590 4,500 - 6,500 sqft 3 3 4 0 1 35
$782,500 1,265 0 - 4,500 sqft 3 2.5 51 2 2 17