Seattle, WA metro area Housing Market
Hot MarketComprehensive housing market data for the Seattle, WA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$833K
↑ 0.4% YoY
Days on Market
12 days
↑ 50.0% YoY
Active Inventory
5,867
↑ 26.2% YoY
Homes Sold
2,802
↓ 2.9% YoY
Hot Market
Homes are selling quickly with strong competition among buyers.
Seattle, WA metro area Market Summary
The Seattle, WA metro area housing market is heating up. As of March 2026, the median home sale price is $833K, up 0.4% year-over-year. Homes are spending a median of 12 days on the market, 50.0% longer than a year ago.
There are 5,867 homes for sale — 26.2% more than last year. With 2.1 months of supply, this is a seller's market. 4,271 new listings were added during this period, up 2.4% year-over-year.
Homes are selling for 100.2% of their list price on average, indicating buyers are paying above asking. 30.3% of homes sell above their asking price. 32.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
45
Contributing Factors
How This Market Compares
vs. National Median
vs. Washington Median
Investor Takeaway
This is a highly competitive market. Be prepared to move quickly and potentially offer above asking price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 91% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
Seattle, WA metro area Market Trends
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Detailed Market Metrics
Median List Price
$850K
Price per Sq Ft
$473
Sale-to-List Ratio
100.2%
Months of Supply
2.1
Sold Above List
30.3%
Price Drops
32.2%
New Listings
4,271
↑ 2.4% YoY
Pending Sales
3,244
Off Market in 2 Weeks
58.6%
Other Markets in Washington
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$563K · 19d on market
Spokane, WA metro area
$419K · 56d on market
Olympia, WA metro area
$546K · 36d on market
Kennewick, WA metro area
$449K · 68d on market
Bremerton, WA metro area
$576K · 23d on market
Bellingham, WA metro area
$659K · 31d on market
Yakima, WA metro area
$389K · 54d on market
Longview, WA metro area
$420K · 42d 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.