Seattle Housing Market: Trends & Prices (2025)

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    Seattle Real Estate Market Overview

    By Robin Rothstein

    (Last Updated – 4/2025)

    As of 2025, Seattle is still considered a seller’s market due to continued high demand and limited housing supply. Seattle’s hot real estate market is also due in part to the influx of high-earning, remote tech employees from big companies like Amazon and Facebook.

    With a population of more than 760,000, Seattle is the 18th largest city in the U.S. It may get a bad wrap for its weather, but the rain creates lush greenery and gives the city a sparkling clean feel. Plus, more-spacious homes allow for office areas for remote workers.

    Currently, there are more than 458,000 employees in Seattle, and the average median household income is $120,608, according to the latest U.S. Census Bureau data.

    A benefit of Seattle that big cities don’t always offer is ease of movement. Walking, biking, and public transportation are so accessible that the average commute time for those living in the Seattle metropolitan area is 26.6 minutes. Car ownership in Seattle is also lower than the U.S. average, with an average of only one car per household.

    Recommended: Home Ownership Resources

    $856,950

    Median Sale Price

    $583

    Median Price Per Sq. Ft

    10 days

    Median Time on Market

    Seattle Housing Market Forecast

    If you’re hoping to purchase a home in this area, expect to face high competition as homes are selling quickly and typically receive multiple offers. The strong job market, scenic views, and cultural scene make it a desirable location for millennials and people of all backgrounds. This along with constrained inventory means Seattle is a seller’s market, although local real estate agents forecast the market is getting more balanced in some areas.

    Housing market forecast chart

    *Graph taken from Zillow as of 04/2025

    Demographics of the Seattle Market

    If you love rain, Seattle may be the perfect fit for you. This city gets about 150-152 rainy days a year.

    The upside is that Seattle is home to the original Starbucks, and this city takes its coffee seriously. There will be no shortage of hot cups of joe to keep you warm on drizzly days.

    Median Income: $120,608

    Median Age: 35.6

    College Educated: 69.8%

    Homeowners: 43.7%

    Married: 35.2%

    Downtown Seattle

    Downtown Seattle is the vibrant heart of the city, known for its iconic skyline, bustling streets, and waterfront views. It’s a dynamic blend of business, culture, and entertainment, home to major companies like Amazon and Nordstrom, as well as attractions such as Pike Place Market, the Seattle Art Museum, and the Seattle Aquarium.

    Residents enjoy a highly walkable neighborhood with high-rise living, luxury condos, and access to a wide variety of restaurants, shops, and nightlife. With easy public transit options — including light rail and buses — Downtown Seattle offers convenience and urban energy, making it ideal for anyone who thrives in a fast-paced environment.

    Quick Facts

    Population:

    40,493

    Median Age:

    35

    Housing Units:

    29,910

    Bike Score:

    63/100

    Walk Score:

    98/100

    Transit Score:

    100/100

    Average Household Income:

    $102,752

    Downtown Housing Market

    Redfin considers Downtown Seattle a somewhat competitive market. The typical home goes pending in 44 days and sells for about 2% below list price. Hot homes go pending quicker — in around seven days — and sell closer to list price.

    In February 2025, median home sale prices were down 1.3% compared to last year. Homes stay on the market, on average, for about 74 days.


    Median Sale Price

    $658,000

    Average Price Per Square Foot

    $772


    Capitol Hill

    Capitol Hill is a vibrant and densely populated neighborhood located just east of downtown Seattle. Known for its eclectic culture and lively atmosphere, the area features a diverse array of bars, restaurants, boutiques, and entertainment venues, particularly along Broadway, 15th, and 19th Avenues.

    This area of Seattle was formerly the center of the grunge movement and has maintained a passion for music, theater, and art.

    Quick Facts

    Population:

    30,955

    Median Age:

    37

    Housing Units:

    18,325

    Bike Score:

    84/100

    Walk Score:

    93/100

    Transit Score:

    76/100

    Average Household Income:

    $207,235

    Capitol Hill Housing Market

    The Capitol Hill market is considered somewhat competitive, with the average home going pending within 37 days and selling for 1% below list price.


    Median Sale Price

    $615,500

    Average Price Per Square Ft.

    $593


    East Queen Anne

    East Queen Anne, one of the best places to live in Washington, is situated on the eastern slope of Queen Anne Hill. The neighborhood is characterized by its tree-lined streets and a mix of historic and modern homes, reflecting its rich architectural heritage.

    East Queen Anne provides a dense urban feel, with numerous bars, restaurants, coffee shops, and parks contributing to its vibrant atmosphere. The community is known for its walkability and proximity to downtown Seattle, making it a convenient location for professionals and families alike.

    Quick Facts

    Population:

    32,251

    Median Age:

    32.1

    Housing Units:

    21,782

    Bike Score:

    71/100

    Walk Score:

    82/100

    Transit Score:

    68/100

    Average Household Income:

    $166,998

    East Queen Anne Housing Market

    The East Queen Anne housing market is very competitive, and the median home sale price went up 36.6% compared to last year.

    Many homes get multiple offers, some with waived contingencies, and average homes sell for 1% above list price after an average of 13 days on the market.


    Median Sale Price

    $1,352,500

    Average Price Per Square Ft.

    $664


    Eastlake

    Eastlake is a charming neighborhood located along the eastern shore of Lake Union in Seattle, Washington. Bordered by Lake Union to the west, Portage Bay to the north, Interstate 5 to the east, and E. Galer Street to the south, it offers residents picturesque waterfront views and a serene atmosphere.

    The neighborhood is renowned for its eclectic mix of housing options, including floating homes, single-family residences, apartments, and condominiums. Eastlake is a close-knit community and a desirable place to live for those seeking a blend of urban amenities and neighborhood charm.​

    Quick Facts

    Population:

    8,836

    Median Age:

    33

    Housing Units:

    5,934

    Bike Score:

    77/100

    Walk Score:

    82/100

    Transit Score:

    56/100

    Average Household Income:

    $152,260

    Eastlake Housing Market

    Some homes in Eastlake may come with waterfront views, but they can also come with hefty price tags. The median home price was $900,000 in February 2025, which is up 24.4% from last year.

    According to Redfin, the Eastlake housing market is somewhat competitive, with some homes getting multiple offers. Average homes are pending within 48 days and sell for 2% below list price.


    Median Sale Price

    $900,000

    Average Price Per Square Ft.

    $621


    Belltown

    Belltown is a vibrant and densely populated neighborhood located just north of downtown Seattle, Washington. Historically a low-rent, semi-industrial arts district, Belltown has transformed into a hub of trendy restaurants, boutiques, nightclubs, and residential towers. The neighborhood is named after William Nathaniel Bell, on whose land claim it was built.

    Residents enjoy a variety of dining options, chic boutiques, art galleries, and a legendary music scene. Belltown’s proximity to landmarks like Pike Place Market, the Seattle Art Museum, and the Olympic Sculpture Park adds to its appeal. The area boasts a high walkability score, making it convenient for residents to access amenities and public transportation.

    Quick Facts

    Population:

    12,333

    Median Age:

    34

    Housing Units:

    9,411

    Bike Score:

    76/100

    Walk Score:

    98/100

    Transit Score:

    97/100

    Average Household Income:

    $158,822

    Belltown Housing Market

    The median home price in Belltown was $602,750 in February 2025, which is down 1.1% from the previous year.

    Redfin considers this a somewhat competitive market, with some homes receiving multiple offers. Typical homes are pending in about 34 days for 2% above list price.


    Median Sale Price

    $602,750

    Average Price Per Square Ft.

    $654



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    FAQ

    What is the current trend in Seattle home prices?

    Seattle home prices have shown a moderate increase in early 2025 after a dip the previous year. Demand remains strong, especially in urban neighborhoods, driven by limited inventory and a steady influx of new residents.

    Is Seattle a buyer’s or seller’s market?

    Seattle currently leans toward a seller’s market, with homes receiving multiple offers and selling quickly, particularly in popular neighborhoods like East Queen Anne and Capitol Hill.

    How competitive is the Seattle housing market?

    Seattle’s housing market remains competitive. Well-priced homes in desirable neighborhoods often sell within days, and bidding wars are common. Buyers are encouraged to have preapproval and work with a local agent.

    What is the median home price in Seattle?

    According to Redfin, the median sale price in Seattle is $856,950. However, prices vary widely depending on the neighborhood and type of home, with some areas well above the citywide average.


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