Carrington Durr Group | Real Estate Market Report

Seattle, WA 98103

Single-Family Homes

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



Seattle, WA 98103

Thu Jun 20 2024
This week the median list price for Seattle, WA 98103 is $1,067,500 with the market action index hovering around 76. This is less than last month's market action index of 84. Inventory has decreased to 32. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 98103

Thu Jun 20 2024
This week the median list price for Seattle, WA 98103 is $1,067,500 with the market action index hovering around 76. This is less than last month's market action index of 84. Inventory has decreased to 32. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,067,500
Median Price of New Listings $939,950
Per Square Foot $672
Average Days on Market 37
Median Days on Market 35
Price Decreased 44%
Price Increased 3%
Relisted 16%
Inventory 32
Median Rent
Market Action 76
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
$1,922,499 3,056 0 - 4,500 sqft 5 4 4 0 0 35
$1,162,500 2,231 4,500 - 6,500 sqft 4 3 96 2 5 45
$944,975 1,405 0 - 4,500 sqft 3 2 98 3 3 28
$732,500 1,030 0 - 4,500 sqft 2 1 51 2 1 35