Seattle Real Estate Market

Seattle Housing Market Report

Seattle's real estate market is driven by tech-sector employment, constrained supply, and neighborhood-by-neighborhood demand patterns that can vary dramatically within miles. Understanding the micro-market — not just the city-wide median — is how RexMont helps clients buy smarter and sell for more.

1,235 Google reviews — Seattle and the Eastside's most-reviewed real estate brokerage

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Adriano Tori

Designated Broker, Founder & CEO — RexMont Real Estate · WA Lic. #27660

Adriano leads RexMont Real Estate — the most-reviewed real estate brokerage in Seattle and the Eastside. 1,200+ closed transactions, $1B+ in production, and 1,235 five-star Google reviews.

5.0 · 1,235 Google reviewsBest of 2026NWMLS MemberAbout Adriano →

City-Wide Median Price

~$840K

Typical Days on Market

10–21 days

List-to-Sale Ratio

100–105%

Active Inventory

Constrained

Market context

What's driving the Seattle market right now.

Seattle's housing market is shaped by three persistent forces: tech-sector employment anchored by Amazon, Microsoft, and dozens of mid-size employers; a geography that physically limits developable land between Puget Sound and Lake Washington; and an in-migration pattern that sustains demand even when rate environments tighten.

North Seattle neighborhoods — Ravenna, Wedgwood, View Ridge, and Laurelhurst — continue to hold strong due to school quality and park access. Capitol Hill and First Hill attract buyers priced out of the single-family market who accept the condo trade-off for walkability. South Seattle is the most active appreciation story: Columbia City, Beacon Hill, and Rainier Beach are repricing as buyers follow the light rail line south.

Inventory remains the dominant constraint. Seattle's zoning and permitting process is slow relative to demand, which means new listings are absorbed quickly in most price bands. Homes priced correctly and well-presented typically go under contract within two weeks. Overpriced or poorly prepared homes sit — and the price reduction signal hurts negotiating position.

RexMont tracks days on market, list-to-sale ratios, and offer patterns at the neighborhood level — not just the city aggregate. This granular view is what separates accurate pricing from guesswork.

Coverage

Service area at a glance

RexMont represents buyers and sellers across these Seattle and Eastside markets. Click any city for the full local guide.

Bellevue, WA

ZIPs: 98004 · 98005 · 98006 · 98007 · 98008

Schools: Bellevue SD

Medina, WA

ZIP: 98039

Schools: Bellevue SD

Clyde Hill, WA

ZIP: 98004

Schools: Bellevue SD

Mercer Island, WA

ZIP: 98040

Schools: Mercer Island SD

Kirkland, WA

ZIPs: 98033 · 98034

Schools: Lake Washington SD

Redmond, WA

ZIPs: 98052 · 98053

Schools: Lake Washington SD

Sammamish, WA

ZIPs: 98074 · 98075

Schools: Lake Washington / Issaquah SD

Issaquah, WA

ZIPs: 98027 · 98029

Schools: Issaquah SD

Newcastle, WA

ZIPs: 98056 · 98059

Schools: Renton SD

Woodinville, WA

ZIPs: 98072 · 98077

Schools: Northshore SD

Kenmore, WA

ZIP: 98028

Schools: Northshore SD

Seattle, WA

ZIPs: 98101 · 98109 · 98112 · 98115 · 98118

Schools: Seattle Public Schools

Buying in Seattle

Seattle buyers compete hardest in the $700K–$1.2M range, where tech-worker demand is densest. Pre-approval, local comp knowledge, and a fast offer timeline are the three factors that determine whether you win. RexMont has guided 1,200+ buyer transactions — we know how to get clients into contract without overpaying.

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Selling in Seattle

Seattle sellers leave money on the table when they underprice to generate a bidding war or overprice and sit. Precise pricing, professional presentation, and timing the launch to Thursday/Friday maximize buyer attention and multiple-offer scenarios. RexMont's 5-Star Listing Edge is built for this market.

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Live NWMLS data

Active homes for sale in Seattle

The latest active NWMLS listings in Seattle, refreshed hourly.

Search all Seattle listings →

Median price: $638K
Median $/sqft: $788
Avg days on market: 54
Listings for sale: 231+

Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use. Market stats reflect representative market data for Seattle; current listings and individual neighborhoods may vary.

Search all Seattle listings →

Related markets

Explore Seattle neighborhood markets.

Capitol Hill

Seattle's walkability capital — condos, townhomes, and classic homes for buyers who want urban density with neighborhood character.

Queen Anne

City and Sound views from one of Seattle's most established single-family neighborhoods, with strong school access.

Ballard

Craft beer, Scandinavian roots, and strong craftsman inventory — Ballard draws buyers from across the metro.

Columbia City

South Seattle's highest-appreciation neighborhood — light rail access and diverse housing stock at values below North Seattle.

Eastside Markets

Bellevue, Kirkland, Redmond, and Mercer Island — the Eastside market overview for buyers and sellers crossing Lake Washington.

Bellevue Market

Bellevue's tech-driven premium market — from West Bellevue estates to East Bellevue family neighborhoods.

FAQ

Questions buyers and sellers ask first.

Is the Seattle housing market a buyer's or seller's market?

Seattle has historically favored sellers in desirable neighborhoods due to constrained inventory and persistent tech-sector demand. Conditions vary by price band and neighborhood — pockets of buyer leverage open when inventory rises or when listings sit. RexMont tracks these micro-market shifts in real time.

What is the median home price in Seattle?

Seattle median home prices vary significantly by neighborhood — from the upper $600Ks in some South Seattle areas to $2M+ in Laurelhurst, Madison Park, and Capitol Hill's best blocks. City-wide median typically runs between $800K and $950K depending on the quarter.

How long do Seattle homes typically sit on market?

Well-priced Seattle homes in desirable neighborhoods often go under contract within 7–14 days, with multiple offers common in the sub-$1.2M range. Luxury properties and homes with condition issues can sit 30–60+ days. Days on market is the fastest signal of how a neighborhood is tracking.

Which Seattle neighborhoods are appreciating fastest?

South Seattle neighborhoods — Columbia City, Rainier Beach, Georgetown, and Beacon Hill — have shown strong appreciation as buyers price-sensitive relative to North Seattle seek value within city limits. Light rail access has driven consistent demand along the Link corridor.

How does RexMont represent Seattle buyers and sellers?

RexMont agents specialize in Seattle's neighborhood-by-neighborhood market dynamics — from Capitol Hill and Queen Anne to Rainier Beach and Seward Park. With 1,235 Google 5-star reviews and $1B+ in closed production, our team knows how to win in this market.

Seattle's market rewards preparation.

Whether you're buying or selling in Seattle, the difference between a good outcome and a great one comes down to local expertise, precise pricing, and execution. RexMont has 1,235 Google 5-star reviews because we deliver both.

Talk to a Seattle real estate expert