Key takeaways for the month
Overall, the Seattle-area market looks to be realigning to usual seasonal trends, signaling a likely end to the extended pandemic peak.
- The Eastside shows strong signs of competition, indicated by flat median days on market month-over-month, and sale-to-list price ratio increasing for both single family homes/townhomes and condos.
- Condos on the Eastside saw an 81% jump in median sale price month-over-month, but this likely reflects the sale of a small number of high-priced homes rather than a “new normal” median price.
- Sale prices in Seattle have been fluctuating but trending up since the onset of the pandemic and are now in line with usual seasonal expectations. Condos saw an increase in median days on market that’s also typical of the slower season beginning in October.
Competition snapshot
Our Research Team looked into sales in a select area for a snapshot of competitiveness in the local market.
Sale Price
Based on date the property sold.
List Price
Based on date the property was listed.
Sale Price Compared to List Price
Based on date the property sold.
Days on Market
Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).
Number of Properties Listed
Based on date the property was listed.
Number of Properties Pending Sale
Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).
Number of Properties Sold
Based on date the property sold.
Seattle includes data for the city of Seattle.
Eastside includes data for Redmond, Bellevue, and Kirkland.
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