Washington Housing Market
Cool MarketHousing market data and trends for Washington. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: January 2026
Median Sale Price
$593K
↓ 2.0% YoY
Days on Market
63 days
↑ 26.0% YoY
Active Inventory
15,373
↑ 11.0% YoY
Homes Sold
4,519
↓ 8.8% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Washington Market Summary
The Washington housing market is cooling down. As of January 2026, the median home sale price is $593K, down 2.0% year-over-year. Homes are spending a median of 63 days on the market, 26.0% longer than a year ago.
There are 15,373 homes for sale — 11.0% more than last year. With 3.4 months of supply, this is a seller's market. 7,283 new listings were added during this period, down 1.2% year-over-year.
Homes are selling for 98.6% of their list price on average, suggesting room for negotiation. 22.3% of homes sell above their asking price. 25.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 40% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
Washington Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$648K
Price per Sq Ft
$356
Sale-to-List Ratio
98.6%
Months of Supply
3.4
Sold Above List
22.3%
Price Drops
25.8%
New Listings
7,283
↓ 1.2% YoY
Pending Sales
6,306
Metro Areas in Washington
Seattle, WA metro area
$758K median
56 days
on market
Tacoma, WA metro area
$550K median
59 days
on market
Spokane, WA metro area
$410K median
59 days
on market
Kennewick, WA metro area
$429K median
70 days
on market
Bremerton, WA metro area
$539K median
36 days
on market
Olympia, WA metro area
$505K median
64 days
on market
Bellingham, WA metro area
$609K median
60 days
on market
Yakima, WA metro area
$373K median
60 days
on market
Mount Vernon, WA metro area
$675K median
72 days
on market
Wenatchee, WA metro area
$515K median
92 days
on market
Aberdeen, WA metro area
$340K median
105 days
on market
Longview, WA metro area
$399K median
86 days
on market
Oak Harbor, WA metro area
$595K median
70 days
on market
Port Angeles, WA metro area
$510K median
78 days
on market
Shelton, WA metro area
$500K median
58 days
on market
Centralia, WA metro area
$449K median
72 days
on market
Moses Lake, WA metro area
$354K median
35 days
on market
Ellensburg, WA metro area
$618K median
117 days
on market
Walla Walla, WA metro area
$435K median
108 days
on market
Pullman, WA metro area
$422K median
76 days
on market
Othello, WA metro area
$330K median
139 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.