Seattle, WA
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Updated: May 2026
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The Seattle-Tacoma-Bellevue metropolitan area is experiencing a cooling trend. The pending ratio stands at 0.45, with active listings up 21.0% year-over-year, indicating a decelerating pace of demand relative to available inventory. Median listing prices have declined by 2.4% year-over-year to $780,000.
The market observed a 21.0% year-over-year increase in active listings, reaching 10,456 units. Concurrently, new listings decreased by 8.4% year-over-year. The pending ratio, at 0.45, represents an 11.0% year-over-year decline, signifying a slowing absorption of available properties. The median days on market increased by 20.0% year-over-year to 36 days.
Pacific Northwest tech hub with tight inventory in core neighborhoods.
Market Signals & Indicators
With the pending ratio at 0.45 and a significant year-over-year increase in active listings, buyers are encountering an expanded selection and reduced urgency. This shift moderates the previous pace of transaction activity and offers potential for greater price discipline among sellers due to rising inventory pressures. The market is trending away from rapid absorption, favoring more deliberate negotiations.
The average listing price of $1,142,919, while declining 1.0% year-over-year, remains considerably elevated compared to the median listing price of $780,000, suggesting a continued bifurcation in market performance. Median $/sqft decreased by 3.6% year-over-year to $452, indicating some price adjustments across the market, including the higher tiers.
10,456 active listings represent the current floor, with new supply arriving at roughly 6,100 per month.
of active listings carry a price reduction, +2.7% from prior period.
Median price per square foot has moved -3.6% year-over-year.
Pending-to-active ratio — Cooling.
Metro Demographics
ZIPs in Seattle, WA
98033
kirkland
$1.60M
254 active · 37 DOM
98391
bonney lake
$794K
250 active · 33 DOM
98004
bellevue
$2.33M
226 active · 37 DOM
98012
bothell
$975K
187 active · 36 DOM
98034
kirkland
$1.08M
174 active · 38 DOM
98052
redmond
$1.20M
173 active · 37 DOM
98103
seattle
$840K
170 active · 30 DOM
98121
seattle
$543K
162 active · 50 DOM
98382
sequim
$600K
161 active · 42 DOM
98374
puyallup
$628K
156 active · 36 DOM
98387
spanaway
$543K
131 active · 30 DOM
98109
seattle
$648K
126 active · 42 DOM
98006
bellevue
$1.86M
125 active · 32 DOM
98118
seattle
$750K
122 active · 43 DOM
98026
edmonds
$894K
121 active · 34 DOM
98133
seattle
$698K
120 active · 37 DOM
98101
seattle
$649K
119 active · 52 DOM
98102
seattle
$799K
117 active · 44 DOM
Sorted by active inventory · click a ZIP for its full report
