Carrington Durr Group | Real Estate Market Report

Seattle, WA 98115

Single-Family Homes

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



Seattle, WA 98115

Thu Jun 20 2024
This week the median list price for Seattle, WA 98115 is $1,250,000 with the market action index hovering around 85. This is less than last month's market action index of 92. Inventory has increased to 45. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 98115

Thu Jun 20 2024
This week the median list price for Seattle, WA 98115 is $1,250,000 with the market action index hovering around 85. This is less than last month's market action index of 92. Inventory has increased to 45. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,250,000
Median Price of New Listings $1,149,950
Per Square Foot $664
Average Days on Market 34
Median Days on Market 14
Price Decreased 31%
Price Increased 2%
Relisted 16%
Inventory 45
Median Rent
Market Action 85
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$2,669,500 3,460 4,500 - 6,500 sqft 4 4 1 3 2 21
$1,480,000 2,650 6,500 - 8,000 sqft 4 3 69 3 2 14
$1,120,000 1,670 4,500 - 6,500 sqft 3 2 87 8 4 0
$774,975 875 0 - 4,500 sqft 2 1 76 3 2 35