Seattle, WA Housing Market: What to Expect in 2025?

Name: Seattle, WA Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Forecast

Supply

Demand

Seattle Housing Market Overview

If you're looking to sell a home in Seattle, you're in a strong position. While the median sale price sits at $910,000 (up 3.4% year-over-year), the real story lies in the market's pace. Homes are moving in just 7 days, inventory stands at only 2 months of supply, and properties are selling for 102.2% of asking price. In April 2025, 831 Seattle houses were sold, a 4.7% increase from the same month last year. These conditions present an excellent opportunity for sellers to maximize their returns and attract competitive offers.

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Seattle Housing Market Forecast for 2026

The housing market in Seattle is positioned for gradual stabilization in 2026, with modest growth expected as mortgage rates ease and inventory conditions improve.

Price Outlook:

Home prices in Seattle are forecast to rise 2-4% in 2026, reflecting a return to more normalized market conditions
Affordability is improving as wage growth outpaces home price appreciation
Strong homeowner equity supports price stability and strategic listing decisions

Will the Seattle Housing Market Crash in 2026?

The consensus among housing economists and real estate experts is firmly no. Seattle remains supported by fundamental market strengths, including sustained buyer demand, strong homeowner equity levels, and stricter lending standards than pre-2008. With 2 months of supply and homes selling at 102.2% of the asking price, the market demonstrates healthy demand fundamentals.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
7 days
Months of Supply:
2 months
Sale-to-List Ratio:
102.2%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%

Seattle Housing Supply

Seattle's real estate inventory favors sellers with tightening availability. With only 1,662 homes available in April 2025, what stands out is the supply constraint. Inventory grown 32.5% year-over-year, months of supply sits at just 2 (up slightly from 2 last year), and 1,269 new homes came to market this month (up 5.7% year-over-year). This limited inventory strengthens sellers' negotiating position and creates urgency for buyers. For sellers ready to take advantage of these conditions, now is an ideal time to list your home on MLS in Washington and maximize your return.

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Seattle Housing Demand

Seattle's housing demand demonstrates strong seller control. With the sale-to-list price ratio at 102.2% in April 2025, the defining metric is premium pricing power. A remarkable 38% of homes sold above asking price (down from 29.2% last year), the sale-to-list ratio held steady 0% year-over-year, and houses in Seattle with price reductions increased from 32.9% to 31.5%. These numbers confirm sellers command the market and can expect competitive offers above their listing prices.

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Frequently Asked Questions

How have Seattle house prices changed over the past year?

Median home prices in Seattle have increased by 3.4% YoY, and now stand at $910,000. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

What are Seattle real estate market predictions for 2025?

House prices in Seattle, Washington, should stabilize in the coming months. However, affordability remains a challenge across the Washington housing market, due to rising mortgage rates.

What's the average home price in Seattle?

The average house price in Seattle depends on the property type, size, and local market conditions. Condos cost around $580,000, while single-family homes average $1,175,000. You can also find cheap homes for sale in Seattle that fit your budget.

What is a good time to buy a home in Seattle?

August to December is typically the best time to buy a house in Seattle, when supply is high and demand is low. Before buying, check if mortgage rates are stable and ensure there's more than 6 months of housing inventory available. Make sure you assess the current housing market trends in Seattle before you invest.

When will the Seattle housing market crash?

According to housing market forecasts, the market is unlikely to crash in the near future. Home prices and demand should increase during the summer, and stabilize by winter. The market is projected to remain steady, with sustained growth through 2025 and beyond.

How to buy a home in Seattle?

Set a clear budget and get a mortgage pre-approval. Then, explore homes for sale in Seattle, submit your offers, secure loans, and complete the closing process.

How can I list my home for sale in Seattle, WA?

You can list your home for sale with a Flat Fee MLS Washington listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Seattle?

The average mortgage rate for buyers fluctuates between 6.4% and 6.9%. It depends on the market and your credit score. Always check current rates with lenders before you apply.

What is a good time to sell a house in Seattle?

February to July is typically the best time to sell a house in Seattle, when demand is high and homes spend fewer days on the market. Carefully assess market trends in your specific area before you act.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
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