Seattle Real Estate Market Update

The Seattle real estate market has been making headlines for the past few years and recently, it has been no different. Except this time, it is about the market cooling down, Seattle homes for sale lowering prices and sitting longer than the market time we have been used to. Currently, Seattle is still one of the most expensive markets in the U.S. but the demand has lessened. While prices are still up compared to this time last year, the other numbers we look at have changed a bit. Whether you are a buyer or a seller, it is important to not only work with a qualified Seattle Realtor, but also know what is happening in the Seattle, WA real estate market. It is important to understand that each neighborhood and area of Seattle has their own market report. While one area of Seattle may have an average sold price of $800,000, another could have an average sold price of over a $1,000,000. Additionally, details like the percentage of list price, month supply, days on market and more can vary. As a buyer and a seller, these numbers impact your strategy. Working with a qualified Seattle Realtor ensures you are making educated, strategic decisions based on your immediate area, which results in a higher chance of achieving what you are looking for. Below are the numbers for the categories we watch as well as some of the neighborhoods we service.

Seattle Real Estate

Average Sold Price for Seattle, WA Homes For Sale: $813,344
Median Sold Price for Seattle, WA Homes for Sale: $709,000
Average Percentage of List Price: 103%
Month Supply: 1.5
Average Days On Market: 20
New Listings: up 12.4%
Seattle, WA Homes for Sale: up 60.9%
Closed Sales: down 10.7%
Pending Sales: down 10.3%

Magnolia, Seattle Real Estate

Average Sold Price for Magnolia, Seattle Homes For Sale: $1,095,401
Median Sold Price for Magnolia, Seattle Homes for Sale: $966,250
Average Percentage of List Price: 102.6%
Month Supply: 1.7
Average Days On Market: 22
New Listings: down 7%
Magnolia, Seattle Homes for Sale: up 26.1%
Closed Sales: down 22.7%
Pending Sales: down 19.1%

Ballard, Seattle Real Estate

Average Sold Price for Ballard, Seattle Homes For Sale: $799,007
Median Sold Price for Ballard, Seattle Homes for Sale: $775,000
Average Percentage of List Price: 103.8%
Month Supply: 1.1
Average Days On Market: 14
New Listings: up 3.5%
Ballard, Seattle Homes for Sale: up 129.4%
Closed Sales: down 25.8%
Pending Sales: down 19.1%

Queen Anne, Seattle Real Estate

Average Sold Price for Queen Anne, Seattle Homes For Sale: $1,005,980
Median Sold Price for Queen Anne, Seattle Homes for Sale: $885,000
Average Percentage of List Price: 102.3%
Month Supply: 1.7
Average Days On Market: 23
New Listings: down 7.2%
Queen Anne, Seattle Homes for Sale: up 61.8%
Closed Sales: down 24.4%
Pending Sales: down 21.3%

For more information or a market report for a Seattle neighborhood not shown above, feel free to contact me. I would be happy to help!