How much is my Seattle home worth?

While I can't tell you the exact value of your specific home, homes in the broader Seattle area currently have a median listing price of $749,970. This median price hasn't changed in the most recent month, but it is slightly lower than it was a year ago, down by 2.4%. This suggests a small dip in general pricing trends over the past year. There are more homes for sale right now compared to last year, with active listings up by 28.5%. However, fewer new homes are coming onto the market, down 7.4% year-over-year. This indicates that while there's more inventory overall, the pace of new homes being listed has slowed. Homes are taking a bit longer to sell, staying on the market for a median of 51 days, which is about 9.7% longer than a year ago. Also, one out of every four homes, or 25.0%, has had a price reduction, showing that many sellers are adjusting their expectations. Overall, the market in Seattle shows increased inventory and homes taking a bit longer to sell, with prices generally stable or slightly lower than last year. If you're thinking of selling, be prepared for a slightly slower pace, and if buying, you might find more options available.

There is no single answer to how much your specific Seattle home is worth, as individual home values depend on many factors. However, the typical home in the Seattle area is currently listed for around $749,970. This price hasn't changed much in the most recent month, but it is a bit lower than it was at this time last year. Right now, there are many homes available for sale, with 13,078 active listings, which is almost 28.5% more than a year ago. Even with more homes on the market, fewer new homes are coming up for sale, down 7.4% from last year. This means there's more choice for buyers among existing homes, but less fresh inventory. Homes in the area are also staying on the market longer, taking an average of 51 days to sell. This is about 9.7% longer than they did a year ago. A quarter of homes, or 25.0%, have also seen their prices lowered by sellers. The median price per square foot is $427, which is 2.5% less than it was a year ago. The average listing price is higher at $1,078,896, also down 3.1% from a year ago, reflecting a decrease in overall values across different price points. To find out your home's exact value, consider getting an appraisal or consulting with a local real estate agent who can assess your specific property and neighborhood features.