What is the median home price in Seattle?

The median home price in Seattle right now is $783,250. This price is slightly up from the previous month but a bit lower than what it was a year ago.Prices increased just 0.4% in the most recent month. However, looking at the bigger picture, the median price is 2.0% lower compared to the same time last year.This means that homes are staying on the market a little longer, too. The typical home is listed for 37 days before going under contract. More homes are available for sale, with active listings up 20.6% compared to last year.About one in five homes, or 21.2% of them, have had their price reduced. This suggests some wiggle room for buyers.If you are looking to buy, the slight dip in prices over the past year and the increase in available homes might give you more choices and potentially better deals.

The median price for a home in the Seattle-Tacoma-Bellevue area is $783,250 right now. This price has seen a small increase of 0.4% in the most recent month but is down 2.0% compared to last year. This means homes are slightly more expensive than last month, but still a bit cheaper than they were a year ago.Buyers have more options than before, with active listings up by 20.6% over the past year. Even with more homes for sale, properties are staying on the market a little longer, with the median days on market at 37 days, a 4.2% increase from last year.Sellers are adjusting their prices too. About 21.2% of homes have had their prices reduced, which is a small increase of 0.8% compared to last year. This suggests that some sellers are willing to negotiate to find a buyer.The market is moving, but a bit slower than before. The number of homes going under contract (pending listings) means that for every 10 active listings, about 4 are going into pending status. This "pending ratio" is down 10.1% from last year, indicating a cooler pace of sales.If you are looking to buy, the increase in available homes and the slight drop in prices compared to last year could mean more opportunities for you.